Vehicle purchase and sale agreement
Since the beginning of hostilities on the territory of Ukraine, many car owners began to sell their vehicles. This trend is caused by the mass migration of Ukrainians abroad and the difficult situation in the country's economy.
However, the issue of selling cars raises no less questions, despite the popularity of such a deal. To do this, we propose to consider certain aspects of drawing up a contract for the sale of vehicles.
We would like to immediately draw your attention to the fact that the law does not require mandatory notarization of such an agreement, however, if an agreement is concluded in an arbitrary form, it will be declared invalid. That is why we recommend, based on the result of drawing up the contract, to carry out the procedure for notarizing the contract with a notary or directly at the service center of the Ministry of Internal Affairs when re-registering the vehicle.
If you need to draw up an individual contract for the sale of a car, we recommend using the legal services of the Consultant to order a document specifically for your request.
The content and structure of the contract for the sale of a motor vehicle
First of all, it is important to highlight that the subject of the contract is the car, so most of the contract is built around the subject: the right of the parties to the vehicle, the location of the car at the time of the transaction, the procedure for transferring ownership, the procedure for transferring the car itself, etc.
In particular, such an agreement determines the terms and procedure for payment for a vehicle. The sale and purchase agreement often involves making a one-time payment to the seller's account. Upon the established fact of payment of the amount of money to the seller's account, the buyer has the right to receive such a vehicle, since he has fulfilled the conditions stipulated by the contract.
In turn, the contract must also provide for an action certifying the transfer of ownership of the car. For this, in addition to a visit to the territorial service of the Ministry of Internal Affairs in order to re-register the vehicle, it is also necessary to conclude an act of acceptance and transfer of the vehicle. The last document must also be certified by the signatures of both parties.
However, you can often see a clause in contracts that says that the final fact of the transfer of property from the seller to the buyer is the transfer of the keys to the car. At the same time, it should be noted that without an act of acceptance and transfer of a vehicle, the contract will not be considered valid.
Considering the number of extremely different situations and circumstances that arise at the time of buying and selling a car, the features of each contract are determined separately, so we recommend using the convenient legal services of the Consultant in order to minimize the risks when signing an apartment rental agreement.
What to pay attention to when concluding a contract for the sale of a vehicle?
When concluding a contract for the sale of a car, our experts recommend paying attention to the condition of the object of sale and its compliance with the description in the contract and the act of acceptance and transfer.
In addition, the notary must check the existence of encumbrances regarding such movable property. Therefore, we recommend preferring the personal presence of the buyer and seller during re-registration, conclusion of an agreement, signing of an act. If these procedures are passed by persons with appropriate powers of attorney to perform such actions, many misunderstandings can arise.
Therefore, if it is necessary to analyze the contract for the sale of a car, accompanying documents, or develop an individual document, we suggest using our legal services "Consultant". Our specialists will be able to give the best legal assessment of the existing contract, and, if necessary, create a completely new one in accordance with your wishes.
Vehicle purchase agreement template
The best specialists in the market of contractual activities in the field of vehicle sales are already ready to provide appropriate advice! We offer high quality services with comfortable service.
Buying a sample contract for the sale of a motor vehicle has become much easier! You can upload a document in a few simple steps:
Download the mobile application "Consultant";
After a short registration, you can find the required document in the "Documents" section;
By clicking the "Buy Template" button, you will immediately receive a link to download the document.
