Associates: Auto insurance forms and documents that you must have in place each time you purchase or extend insurance. Traders always use a sales contract to close a sale, and this is an agreement between the buyer and the seller. However, if you are buying a vehicle from an individual, you must sign a sales invoice which is a simplified form of sales contract. This is necessary for the individual to prove that he is effectively no longer in possession of the vehicle if the vehicle is involved in a car accident or when it has been abandoned. The sales slip can also be used as a “pink briefs” for the buyer until the papers for the new property are ready. If you want to create your own custom car sales contract, please keep reading. A simple car sales document identifies the following basic elements: Another important function of the car purchase contract is its use in relation to the sales bill of the vehicle. As mentioned above, the contract will reveal the full terms of the sale by the previous owner to the current one: the names (seller/buyer) in the transaction, the information of the car, the amount for which it was purchased, the rights and responsibilities transferred as a result of the sale contract. 3.8 The purchaser guarantees that he buys a used vehicle “as intended” and that he assumes responsibility for the vehicle with the sole exception of deliberately hidden errors, provided that it is received at the signing of this Contract. Once the payment is received, the seller agrees to transfer the buyer`s property to the following vehicle: If purchased at the dealerships, the contract you sign is more complex, especially if the buyer is financing a new vehicle. A lot of documents are needed by the car dealership, sometimes you would feel overwhelmed and perhaps discouraged, especially if you buy a car for the first time. But in the second view, the documents are really simple and easy to understand. The forms to be completed are standard, usually in the same way that merchants must use the same general form.