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Car Sold As Is Contract for Pakistan

Car Sold As Is Contract Template for Pakistan

A legally binding agreement under Pakistani law that facilitates the sale of a vehicle in 'as is' condition, explicitly limiting the seller's liability for the vehicle's condition post-sale. This document incorporates requirements from Pakistan's Sale of Goods Act, 1930, and relevant provincial motor vehicle regulations, while clearly stating that the buyer accepts the vehicle in its current condition with all existing faults. The agreement includes comprehensive vehicle details, condition disclosures, and necessary provisions for ownership transfer in accordance with Pakistani legal requirements.

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What is a Car Sold As Is Contract?

The Car Sold As Is Contract is essential for vehicle sales transactions in Pakistan where the seller wishes to transfer ownership of a vehicle without providing warranties or guarantees about its condition. This document is commonly used in private sales, by dealerships selling pre-owned vehicles, or in corporate fleet disposals. It complies with Pakistani contract law, the Sale of Goods Act, 1930, and provincial motor vehicle regulations. The agreement explicitly states that the vehicle is sold in its current condition, with the buyer accepting all known and unknown defects. It includes crucial elements such as vehicle identification, price, payment terms, and clear disclaimers, while ensuring proper documentation for ownership transfer with relevant Pakistani authorities. This type of contract is particularly important in protecting sellers from future claims while providing buyers with clear documentation of the transaction terms.

What sections should be included in a Car Sold As Is Contract?

1. Parties: Identification of seller and buyer with complete legal names, addresses, and CNIC numbers

2. Background: Brief context of the sale and acknowledgment that the vehicle is being sold 'as is'

3. Definitions: Key terms used in the agreement including 'As Is', 'Vehicle', 'Purchase Price', etc.

4. Vehicle Description: Detailed information about the vehicle including make, model, year, VIN, registration number, and current mileage

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable

6. As Is Condition and Disclaimer: Clear statement that the vehicle is sold 'as is' with no warranties or guarantees, express or implied

7. Buyer's Acknowledgments: Buyer's confirmation of inspection opportunity and acceptance of vehicle condition

8. Transfer of Title: Terms regarding the transfer of vehicle ownership and registration

9. Representations and Warranties: Limited seller representations about ownership and authority to sell

10. Governing Law: Specification that Pakistani law governs the agreement

11. Entire Agreement: Statement that the document represents the complete agreement between parties

What sections are optional to include in a Car Sold As Is Contract?

1. Inspection Period: Used when buyer is given a specific period to inspect the vehicle before finalizing the sale

2. Known Defects: Include when seller wishes to explicitly disclose known issues with the vehicle

3. Payment in Installments: Required if the purchase price is to be paid in multiple installments

4. Security Interest: Include if seller retains any security interest in the vehicle until full payment

5. Third-Party Claims: Additional provisions regarding existing liens or third-party claims

6. Dispute Resolution: Specific provisions for handling disputes through mediation or arbitration

7. Transportation: Include if specific arrangements for vehicle delivery need to be documented

What schedules should be included in a Car Sold As Is Contract?

1. Schedule A - Vehicle Details: Comprehensive details of the vehicle including specifications, features, and accessories

2. Schedule B - Vehicle Condition Report: Detailed report of the vehicle's current condition, including photographs

3. Schedule C - Known Defects List: Itemized list of known issues or defects with the vehicle

4. Schedule D - Registration Documents: Copies of current registration and ownership documents

5. Schedule E - Payment Schedule: If applicable, detailed schedule of installment payments

6. Appendix 1 - Inspection Report: Third-party inspection report if available

7. Appendix 2 - Vehicle History: Service history and previous ownership records if available

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Pakistan

Publisher

Genie AI

Document Type

Contract to Sell

Cost

Free to use

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