THIS VEHICLE SALES AGREEMENT is made this day of _, 20 _, by and among _______ ________________ (hereinafter known as "Seller") and ___ _ __________, (hereinafter known as "Buyer"). Buyer and Seller shall collectively be known herein as "the Parties".
BACKGROUND
WHEREAS, Seller desires to sell the vehicle described below, known herein as the "Acquired Vehicle", under the terms and conditions set forth below;
WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the terms and conditions set forth below; and, therefore,
TERMS AND CONDITIONS
IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by the Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows:
A. Description of Acquired Vehicle.
1. Make: __________
2. Model: __________
3. Body Type: __________
4. Body Color: __________
5. Year: __________
6. Miles: __________
7. Vehicle Identification Number ("VIN"): __________________________
B. Consideration.
1. Purchase Price. The total purchase price to be paid by Buyer to Seller for the Acquired Vehicle is ______________________________ dollars ($_______) (U.S.) (hereinafter "Purchase Price") consisting of the following components:
i. Down-payment: $__________ (Due to Seller on or before execution of this agreement.) ii. Payment Due at Delivery of Vehicle to Buyer: $__________ per month until balance is paid in full.
The "down-payment" and “payment due at delivery” are to be made by Buyer to Seller in cash, by certified check, or through another instrument acceptable to Seller. Buyer must receive permission in advance from Seller for use of a non-certified check in payment of the Purchase Price. Note: The buyer agrees to pay a monthly payment of until remaining balance is paid-off. The Seller warns the Buyer that if it takes longer