The car purchase contract: expert tips & advice
Usually, car owners own and drive their vehicle for an extended period and are therefore rarely faced with a car sale. Therefore, many car owners are confused and are unfamiliar with the correct procedures when making a purchase contract for the car. SellCarGetCash.com has compiled important information for the purchase contract (Mubaya’a) when selling a car. With these tips, you can have a secure sale in no time. The purchase contract for your car is the most important element in car sales. Make sure that this is fully and correctly completed because the contract already stipulates all legal matters.
Tip 1: Always use a car purchase contract!
Anyone who wants to sell his car and wants to be certain that after the sale there are no surprises from unresolved details is well advised to have a car purchase contract. Do not rely on handshake business! If you sell your car to a dealer, they usually present a car purchase contract.
The following information should be included in a car purchase contract:
- Name and address of the buyer and seller
- VIN
- Clause on retention of title
- Purchase price in number and in words
- Payment arrangements for a purchase price (instalment? cash or transfer?)
- Signatures of Buyer and Seller
SellCarGetCash.com will always use a valid certified purchase contract when buying your car. After our experts have checked your car, the vehicle identification number is noted in the purchase agreement. This number provides all individual vehicle details such as features and accessories. A professional car sales contract at the close of the deal with our company, releases you in retrospect from possible risks that could occur with a private sale.
Tip 2: Rule for a purchase contract: Trust is good – control is better!
If you sell your car privately, you cannot protect yourself from any issues that later arise if a simple car purchase contract was used. It may happen that the new owner discovers an issue that you were not aware of and therefore, it is not stated in the purchase contract. Generally, the new owner will want to make you responsible for the repair costs. There have already been cases where the buyer intentionally damaged the car in order to recover a portion of the purchase price. So if you sell your car privately, you are always liable even after the sale and the first point of contact for the new owner.
Tips for closing the sale and the purchase contract:
- Take a witness for the handover.
- Don’t allow yourself to be rushed by the deal.
- Pay attention to the additional clause “under exclusion of all warranty” to play it safe.
- Make a purchase contract for a used vehicle with a registered UAE company, which is licensed for “Used Car Trading” rather than an individual, so that later identified damages are no longer your responsibility.
Tip 3: Only complete car purchase contract with serious companies
A good purchase contract for your car, unfortunately does not protect you from fraudulent buyers. But with a valid purchase contract for the car you will not have any inconveniences during the sale or after. We will immediately and securely transfer the sales amount to your account. We will even de-register your car. Sell your used car to SellCarGetCash.com, you will always have a competent and experienced partner at your side. We provide you with an impeccable purchase contract for your car and you can sell your used car quickly and without worry. We take care of all the details during the sales process and beyond. When you sell your car to SellCarGetCash.com, we assume all of your obligations. You do not need to worry about anything else after the sale and can no longer be held responsible.
So if you want to be sure when buying a car, sell your old car to SellCarGetCash.com. We will take care of all the formalities during and after the sale.