{"id":82,"date":"2012-06-30T05:18:30","date_gmt":"2012-06-30T05:18:30","guid":{"rendered":"http:\/\/www.weblegal.ca\/templates\/car-sales-contract\/"},"modified":"2016-09-27T23:51:38","modified_gmt":"2016-09-27T23:51:38","slug":"car-sales-contract","status":"publish","type":"page","link":"https:\/\/www.weblegal.ca\/templates\/car-sales-contract\/","title":{"rendered":"Car Sales Contract"},"content":{"rendered":"
A car sales contract<\/strong> is typically a sales contract that usually involves the buyer paying a certain amount of money, in a series of instalments, or at once. When instalments are involved, the buyer is able to take possession of a car and use it in exchange for meeting the requirements of a contract for regular payments on which interest is charged. Upon fulfilment of the instalment car sales contract, the seller typically gives the buyer the title to the contract. On the other hand, a car sales contract can also involve a full one-time payment \u2013 colloquially referred as buying cash \u2013 where the contract will describe the transaction taking place, list the conditions and warranties, if any. These two types are found both for used car sales contract and new car sales contract.<\/p>\n Like other forms of sales contract<\/strong><\/a>, one for the sale of a car involves a formal agreement on the part of both buyer and seller. The car sales process involves the drawing up of a sales contract or an instalment contract following an offer that has been made by the seller and accepted by the buyer. For an instalment car sales contract the buyer will have accepted both the cost of the vehicle and the annual percentage rate of interest to be charged. For a new or used car sales contract with a one time payment, the contract will indicate the method of payment and state that the buyer has fulfilled his part of the transaction.<\/p>\n