Vehicle Exchange Agreement Template


If you agree to exchange cars with your original partner, it is advisable to put the conditions in writing. To avoid problems and misunderstandings, both parties must fill out, print, sign and send signed copies to this form (or similar). Use the following guidelines: 3.8 The purchaser guarantees that he buys a used vehicle “as we have seen” and that he assumes responsibility for the vehicle in the state in which it will be received at the signing of this agreement, except for any intentionally concealed error. After receiving the full payment, the seller agrees to transfer the buyer`s property to the next vehicle to the buyer: 1.1 “Vehicle” and “Auto” are both the vehicle that must be sold in accordance with point 9. (Make sure your insurance covers your trip to your destination) Vehicle Identification Number (VIN): The seller is not responsible for subsequent defects, normal wear or defects, unless these defects have been deliberately concealed or if a warranty is offered by the Buyer to the Seller. 2.1 The seller ensures that all the indications provided are correct. 1.6 The agreement can be executed in English or other languages. In the event of a conflict or confusion between the agreement and its various translations, the English version is given priority. PandaTip: Delete or change retail lines if necessary.

PandaTip: It is not normal to include a warranty in a private sale, but if the seller wishes, you can change this clause if necessary. One suggestion might be: “The vehicle is sold with a guarantee of its ability to drive and continue to operate safely for a period of XXX months and any failures that occur during this period will be corrected at the seller`s expense, except for defects caused by the buyer.” 2.7 The seller drew the buyer`s attention to the current defects of which he is sufficiently informed with the vehicle and that there are no deliberately hidden defects on the vehicle. PandaTip: You can insert a list of errors here if they are preferred, or you can introduce a clause stating that “these errors are more complete on the attached sheet” – add an additional page to the back of the contract with a list of agreed defects that must be signed by both parties.