OFFER TO PURCHASE - USED VEHICLE
This is a written contract that sets out the terms and conditions of the sale of a used
THE SELLER
Name & Surname:
ID Number:
Address:
(the address acts as the domicilium citandi et executandi)
Email:
Cellphone Number:
THE BUYER
Name & Surname:
ID Number:
Address:
(the address acts as the domicilium citandi et executandi)
Email:
Cellphone Number:
2. THE Vehicle
The Buyer agrees to buy the Vehicle subject to the terms and conditions of this agreement, and the Seller agrees to sell
the following motor Vehicle described as:
Make:
Model:
Year of Manufacture:
Registration Number:
Date First Registered:
Colour:
VIN Number:
Engine Number:
Speedometer Reading:
Details of all accessories:
(e.g. spare wheels, tools, radio, air conditioning unit, keys, service book etc. )
3. PRICE & MANNER OF PAYMENT
3.1. The Buyer agrees to purchase the Vehicle for the following
R Insert amount Insert amount in words
3.2. A deposit amount must be paid upon signing this agreement in the amount:
R Insert amount Insert amount in words
3.3. The balance of the purchase price is payable on or before the Day of Month 20 Year
3.4. All amounts must be paid without deduction or set off, directly into the Seller’s bank account:
Branch Code:
Account Holder:
Account Type:
Account Number:
Bank:
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4. INSURANCE
4.1. The Buyer will at its expense, ensure that the Vehicle is comprehensively insured with a reputable insurance
company.
4.2. The Seller will cancel the current insurance on the Vehicle on the
of Month 20 Year .
Day
5. RISK & LIABILITY
5.1. The Seller has the full right and authority to sell and transfer the Vehicle, and warrants the Buyer against ejectment.
5.3. The Buyer acknowledges that no guarantees or warranties relating to condition or quality were made or implied
by the Seller.
5.4. The Buyer acknowledges that the Vehicle is used, and that it has inspected it. The Buyer also acknowledges
that he/she is satisfied that the Vehicle is in good order and
condition.
5.5. The risk in the Vehicle will pass to the Buyer who remains liable to pay the full balance of the purchase price
despite any damage, depreciation, loss or destruction of the Vehicle.
6. DELIVERY/COLLECTION
The Seller will hand over possession of the Vehicle to the Buyer once
the full purchase price has been paid and reflects in the Seller’s bank
account.
7. REGISTRATION
7.1. The Buyer will pay all costs involved to register the Vehicle in its name, as well as the costs to obtain a
Roadworthy Certificate.
7.2. The Seller will sign any necessary documents to enable the Buyer to register the Vehicle in its name.
8. DEFAULT
If the Buyer fails to pay the deposit amount, any instalment, or balance of payment on the agreed due date, or breaches any
of the terms and conditions of the sale agreement, the Seller may:
a. Claim specific performance (without prejudice to any other rights it may
have).
b. Cancel the agreement, take occupation of the Vehicle and claim damages it may have suffered. In such an event any
money already paid, will be forfeited to the Seller.
9. CANCELLATION
Should either the Seller or the Buyer breach the terms of this agreement, and fail to correct the breach within 7 (seven)
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days of receiving written notice to do so, the aggrieved party may cancel the agreement by giving written notice.
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10. ENTIRE CONTRACT
10.1. This document contains all the terms and conditions agreed to by the Seller and Buyer.
10.2. No changes to this agreement will be valid or have any effect, unless placed in writing, signed by both the Seller
and Buyer and attached to this document.
10.3. No relaxation of terms or indulgence that one party may grant to the other, will in anyway operate as an
estoppel against the former party, or deemed to be a waiver of rights, or in any other way limit, alter or
prejudice those rights.
11. JURISDICTION OF MAGISTRATES COURT
The Seller and Buyer consent to the jurisdiction of the Magistrate’s Court should any civil proceedings arise out of this
agreement.
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13. SIGNATURES
Signed at Place on of Month 20 Year .
Day
The Buyer: Signature
Witnesses: Witness Signature
1
Witness 2 Signature
Signed at Place on of Month 20 Year .
Day
The Seller: Signature
Witnesses: Witness Signature
1
Witness 2 Signature
