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Drafting a legal and fully enforceable car sale contract may seem like a daunting task, but it's actually more doable than you'd think.
Here are three must-have provisions in every car sale contract:
Sellers may want to include an "as is" clause. To do this, explicitly state that the transaction is "as is" and make clear the seller hasn't agreed to or promised any type of express or implied guarantee or warranty.
By contrast, buyers will want a cancellation period. Either way, establish terms on defects, repairs or other costs.
Leave a space on the contract to enter the number of miles on the odometer. Fill this in at the time of the sale. Include a representation and warranty that the number is accurate, to the seller's best knowledge, and hasn't been tampered with.
Remember to state the contract will end and you two will owe nothing else to each other -- commitments, covenants, promises, or otherwise -- once the sale is complete. Include a provision on returns, too.
Of course, you could take the easy way out and use a template vehicle sales contract like those found here at FindLaw. For specific guidance about whether a car sales contract's terms are legal or favorable to you, consider calling an experienced contracts attorney near you.
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.
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