Used Car Sale Agreement India

4. The parties undertake to conclude the sale transaction and to execute the absolute sale to the end. 5. The seller confirms with the buyer that he does not have a purchase, mortgage or exchange agreement with any other person. To be a valid contract, both seller and buyer must sign this contract in due form with witnesses and execute it on a valid stamp document, in accordance with the state of performance of this agreement. „You need to present an insurance policy because the person or company buying a car offers you a better price for your car. However, you have the option to sell your car without insurance. If you choose to sell your car without insurance, the resale value of your car decreases by a considerable amount. „If you are selling a used car, motorcycle or other vehicle through private sales, it is important that you agree in writing the terms of the sale and purchase with the buyer. The documentation of the agreement and the condition of the used car prevents the buyer from later claiming that you have deceived him about the condition and that you are getting his money back. If you plan to idle your old vehicle in your garage and get a fancy set of wheels according to your wishes, make sure you don`t act in a hurry when selling the old vehicle.

In addition to all the forms used for the transfer of ownership, make sure you receive, for your own safety, an affidavit of vehicle sale, which has been made on behalf of the buyer. Remember that safety comes first. If you`re looking for a well-written affidavit on the sale of the vehicle, your search stops here. We also offer a series of legal documents online. Click on the button below to get an affidavit on the sale of the vehicle. This RTO form is used to prevent you from receiving an opposition certificate from the registrar. It also proves that you don`t have any debts and charges that can prevent you from selling your car. The lease agreement and electricity bill are also allowed in selected states. This RTO application is used to inform the RTO that the vehicle has been sold by the owner. You need two copies of this form. Form 29 states that all documents related to the car such as RC, insurance, PUC have been handed over to the buyer…