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Billof Sale

The document is an Automobile Bill of Sale outlining the agreement between a seller and a buyer for the sale of a vehicle, including details such as the parties' identities, vehicle specifications, ownership guarantees, and purchase terms. It specifies that the vehicle is sold 'As-Is' with no warranties beyond ownership and licensing status, and that the buyer assumes risk upon taking possession. Additionally, it includes provisions for a holding deposit if applicable and establishes jurisdiction for legal proceedings.

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0% found this document useful (0 votes)
65 views4 pages

Billof Sale

The document is an Automobile Bill of Sale outlining the agreement between a seller and a buyer for the sale of a vehicle, including details such as the parties' identities, vehicle specifications, ownership guarantees, and purchase terms. It specifies that the vehicle is sold 'As-Is' with no warranties beyond ownership and licensing status, and that the buyer assumes risk upon taking possession. Additionally, it includes provisions for a holding deposit if applicable and establishes jurisdiction for legal proceedings.

Uploaded by

j.cockro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Automobile Bill of Sale

1. THE PARTIES TO THIS CAR SALES AGREEMENT ARE:

1.1 THE SELLER:

First Name(s):

Surname:

Identity /Social Security or Other number (Specify):

Physical Address:

1.2 THE BUYER:

First Name(s):

Surname:

Identity / Social Security or Other number (Specify):

Physical Address:

The parties choose the above stated addresses as their physical addresses at which legal
proceedings may be instituted.

2. THE OBJECT OF THE SALE IS:

2.1 Type of Vehicle:


2.2 Make and Color:

2.3 Model:

2.4 Year:

2.5 Registration Number:

2.6 Engine Number:

2.7 Vehicle Identification Number (VIN):

2.8 Odometer Reading:

3. OWNERSHIP:

3.1 The Seller guarantees that he/she is the true and lawful owner of the above-described
vehicle and that it is free of all encumbrances and any and all legal claims.

4. WARRANTY:

4.1 The Seller warrants that at the date of signature of this agreement there are no
licensing fees or fines or other penalties outstanding against the registration of the vehicle
sold in terms of this agreement.

5. NO WARRANTIES OR GUARANTEES:

5.1 The Seller or his/her agent gives no warranty or guarantee other than those specified in
3.1 and 4.1

6. DISCLAIMER:
6.1 The vehicle is sold "As-Is" and the seller shall not be liable for any defects, patent,
latent or otherwise.

6.2 The Buyer admits having inspected the vehicle to his/her satisfaction and that no
guarantees or warranties of any nature were expressed or implied by the Seller or his/her
agent regarding its condition or quality.

7. LEGAL AGE:

7.1 The Buyer is of legal age and legally competent to enter into this agreement.

8. TRANSFER OF OWNERSHIP AND COSTS:

8.1 The Parties agree to sign all documents necessary to transfer ownership of the vehicle
from the Seller onto the name of the Buyer within 7 (SEVEN) days of signing this agreement
of sale.

8.2 The Buyer shall be liable for all costs relating to the registration of the vehicle into
his/her name and all costs relating to the Roadworthy Certificate.

9. PURCHASE PRICE:

9.1 The Purchase price is the sum of ______________________

(________________________________________________________)

9.2 The Purchase price is to be paid in full with cash or by direct bank transfer.

9.3 Ownership of the vehicle will only pass onto the Buyer once payment has been made
and cleared by the Buyer.

9.4 The vehicle will only be delivered to the Buyer once payment has been received in full
as per 9.3

10. POSSESSION AND TRANSFER OF RISK:

10.1 The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the
vehicle or takes possession of the vehicle.

11. JURISDICTION:

11.1 The parties consent to the jurisdiction of the magistrate's

(other ________________________) court for the district of

__________________________________

Signed at ______________________on this ______day of _________________20____

SELLER: ______________________________
1. WITNESS____________________________

2. WITNESS ____________________________

BUYER: _______________________________

1. WITNESS____________________________

2. WITNESS ____________________________

Note: As the seller of a vehicle you may find a buyer who wants to pay a deposit to secure
the sale, with the balance to be paid later. In that case, you can add the following clause to
your free car sales agreement.

12. HOLDING DEPOSIT:

12.1 The Seller acknowledges that a holding deposit in the sum of _____________ was
received on _____________20____.

12.2 The Buyer agrees that the balance of the Purchase price in the sum of
________________ must be paid by ______________20____.

12.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that
should the balance of the Purchase price not be paid by the date as in 12.2 above, the
Buyer will have no further claims to the vehicle described in 2. and the Seller is relieved of
all obligations in respect of this agreement.

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