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    Contract For Selling A Car

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    Ravenn Miranda
    This contract details the sale of a 2016 Honda Brio Amaze from Lubinco G. Gutierrez to Ravenn B. Miranda. The buyer will pay ₱350,000 for the vehicle in installments, including a ₱150,000 holding deposit and subsequent monthly payments of ₱36,000 until September, with the remaining ₱20,000 due in December. The seller will provide ownership documents upon full payment, and both parties acknowledge the vehicle is sold "as is" without warranties once payment is made and the buyer takes possession.

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    © All Rights Reserved
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    Contract For Selling A Car

    Uploaded by

    Ravenn Miranda
    126 views3 pages
    This contract details the sale of a 2016 Honda Brio Amaze from Lubinco G. Gutierrez to Ravenn B. Miranda. The buyer will pay ₱350,000 for the vehicle in installments, including a ₱150,000 holding deposit and subsequent monthly payments of ₱36,000 until September, with the remaining ₱20,000 due in December. The seller will provide ownership documents upon full payment, and both parties acknowledge the vehicle is sold "as is" without warranties once payment is made and the buyer takes possession.

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    CONTRACT FOR SELLING A CAR

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    This contract details the sale of a 2016 Honda Brio Amaze from Lubinco G. Gutierrez to Ravenn B. Miranda. The buyer will pay ₱350,000 for the vehicle in installments, including a ₱150,000 holding deposit and subsequent monthly payments of ₱36,000 until September, with the remaining ₱20,000 due in December. The seller will provide ownership documents upon full payment, and both parties acknowledge the vehicle is sold "as is" without warranties once payment is made and the buyer takes possession.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    126 views3 pages

    Contract For Selling A Car

    Uploaded by

    Ravenn Miranda
    This contract details the sale of a 2016 Honda Brio Amaze from Lubinco G. Gutierrez to Ravenn B. Miranda. The buyer will pay ₱350,000 for the vehicle in installments, including a ₱150,000 holding deposit and subsequent monthly payments of ₱36,000 until September, with the remaining ₱20,000 due in December. The seller will provide ownership documents upon full payment, and both parties acknowledge the vehicle is sold "as is" without warranties once payment is made and the buyer takes possession.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    CONTRACT FOR SELLING A CAR

    BUYER:
    Name: Ravenn B. Miranda
    Address: Lot 163 J4 Interior Purok Uno Mendiola St., Alabang Muntinlupa
    City
    Phone Number: 09913899470 / 09989366096

    SELLER:
    Name: Lubinco G. Gutierrez
    Address: B9 L24 Hamilton Homes Bucandala III Imus City Cavite
    Phone Number: 09175354796 / 09985991095

    VEHICLE DETAILS:
    Upon the receipt of payment in full, the Seller agrees to transfer to the Buyer
    ownership (registration and/or title) of the following motor vehicle:

    Type of Vehicle: 1.3 A/T


    Make and Model of Vehicle: Honda Brio Amaze
    Year of Vehicle: 2016
    Color of Vehicle: Black
    Body Style: Sedan
    Vehicle Identification Number (VIN): NDB1021
    Engine Number (optional):
    MILEAGE:
    To the Seller's best knowledge, the current mileage is accurate and correct.
    Odometer reading on (date of sale): 85,000kmH

    PAYMENT INFORMATION:
    Purchase Price of Vehicle: ₱350,000.00
    Date of Transaction: May 27, 2022

    The Buyer will pay the Seller the purchase price in installment by cash,
    guaranteed check, money order, or other method of payment agreed upon by
    both parties. (Specify if not listed above) __________.

    HOLDING DEPOSIT:
    The Seller acknowledges that a holding deposit of ₱150,000.00 was received
    from the Buyer on May 27, 2022.

    The Buyer will pay the remaining balance in the sum of ₱200,000.00. In
    Terms of monthly payments of ₱36,000.00 till September are to be made on
    the 30th day of the month. And the ₱20,000.00 remaining will be paid on
    December 2022.

    Both parties agree that should the Buyer fail to pay the remaining balance of
    the agreed upon purchase price by the specified date, the Buyer will have no
    further claims or rights to the above-mentioned vehicle unless otherwise
    indicated by the Seller. If payment is not received by the agreed upon date,
    the Seller will have no further obligations and the terms of this agreement
    will be null and void.
    SELLER'S RESPONSIBILITES:
    On the date of sale, the Seller promises to provide the Buyer with the vehicle
    ORCR, registration, odometer reading (or odometer disclosure statement
    where applicable), and any other pertinent documents or agreed upon
    paperwork (specify)
    ______________________________________________________

    “The Buyer acknowledges that all the above-mentioned paperwork and/or


    documentation was received from the Seller. Yes/No.”

    “AS IS” DISCLAIMER:


    Both parties acknowledge that the above-mentioned vehicle is sold as seen,
    that the buyer has tried and
    inspected the vehicle to his/her satisfaction and has approved the purchase
    with the understanding that
    the vehicle is sold “AS IS” without warranties or guarantees, either expressed
    or implied.

    The Buyer accepts full responsibility for any repairs incurred following May
    27, 2022 (date of sale), as well as any costs related to vehicle registration,
    Insurance, or transfer of ownership.

    All risk and responsibilities pass to the buyer once payment is made in full
    and the Buyer takes possession of the vehicle.

    SIGNATURES:
    Both parties agree to the terms specified above and signify the completion of
    this transaction by their signatures.

    Buyer’s Signature: ___________________ Date: ___________

    Seller’s Signature: ___________________ Date: ___________

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