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1. Parties: Identification of the Seller and Buyer with complete names, addresses, and contact information
2. Background: Brief context stating this is an 'as is' sale of a used vehicle
3. Definitions: Key terms used in the agreement, including 'As Is', 'Vehicle', and 'Purchase Price'
4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN/chassis number, engine number, plate number, and current mileage
5. Purchase Price and Payment: Agreed purchase price, payment terms, and method of payment
6. As Is Condition and Disclaimer: Clear statement that the vehicle is sold 'as is' with no warranties, along with buyer's acknowledgment of the vehicle's current condition
7. Transfer of Title and Registration: Process and responsibilities for transferring vehicle ownership and registration
8. Seller's Representations: Basic representations about vehicle ownership, authority to sell, and absence of liens
9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of 'as is' condition
10. Execution: Signature blocks for both parties and witnesses
1. Known Defects Disclosure: Section listing any known issues with the vehicle - recommended when seller is aware of specific problems
2. Payment in Installments: Additional terms if the purchase price is to be paid in installments rather than full payment
3. Third-Party Liens: Required if there are existing liens or encumbrances that need to be addressed
4. Insurance Transfer: Terms for transferring or terminating existing insurance policies
5. Dispute Resolution: Optional clause specifying how disputes will be resolved - recommended for higher-value vehicles
6. Delivery Terms: Include when the vehicle will not be immediately collected upon sale
1. Schedule A - Vehicle Inspection Report: Detailed report of the vehicle's current condition, including photographs and noted defects
2. Schedule B - Vehicle Documents: List of all documents being transferred (registration papers, maintenance records, previous insurance policies, etc.)
3. Schedule C - Payment Schedule: Required only if payment is to be made in installments, detailing payment dates and amounts
4. Appendix 1 - Vehicle Photographs: Date-stamped photographs of the vehicle showing its current condition from multiple angles
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Insurance
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Vehicle Fleet Manager
Business Owner
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