Private Vehicle Sale Agreement Nz
This AA checklist for the private sale of a car covers: Check the contract for road charges. Ask the merchant if the total price includes or excludes road charges. If this is the case, ask the trader for a breakdown of what road costs are included in your sale price. If we receive a notification that you have sold a vehicle, we update the vehicle registry to show that you are no longer the registered person for the vehicle. Before you accept the purchase of a car, you must understand the car dealership`s sales contract and extended warranty offer – or enter into your own contract with a private seller. The problem with this type of agreement is that there is no record of what has been agreed. If the buyer returned six months later (perhaps with an actual complaint), one of the parties could argue that important information was withheld (or not) at the time of the sale and recover money. For any private sale, you can agree on terms between you and the other party. As a seller, you can write your car with a poster in the window with „sold as seen, no given or implied warranty“ on it and accept cash in the hand of the first person who wants to buy. The agreement would be oral and legally binding.
Although some dealers say otherwise, there is no set time you have to return a defective car. If there is a problem with the vehicle you did not cause, you have the right to find a remedy from the dealer under the CGA – even if you have not purchased an extended warranty. There are many free versions on the Internet, but we think that the free versions do not go far enough to document the car or legal agreement. The Net Lawman version is not free, but it is much more complete and thus protects both parties much more strongly. If you are selling a vehicle, it must have a fitness guarantee (WoF) no more than a month before the date you handed the vehicle over to the buyer. Be sure to read the sales contract or offer it carefully. If something is not added up or useful, ask the trader to explain it to you. If you have any doubts, don`t sign anything. Ask for a copy of the takeaway offer and seek independent advice.
If you sell a vehicle to a car dealership, it can complete some or all of the notification procedures on your behalf. However, you should always confirm that the merchant has completed this process for peace of mind. Avoid tedious paperwork and increase documentation accuracy with MotorWeb`s sales and purchase contracts. If you are selling a used car, motorcycle or other vehicle through the private sector, it is important that you agree in writing terms of 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 cheated on the condition and recovered his money. You can sell a vehicle without a license, but you are responsible for the outstanding licensing fee up to the date of sale and acquisition. If you do not let us know that you have sold a vehicle, you could be fined up to $1000 as an individual and $5,000 if you are a business. You must inform us immediately if you have sold a vehicle. The quickest and easiest way to tell us that you have sold a vehicle is online.