Vehicle Offer And Sale Agreement Nz

Dealers generally enter into CGA contracts for vehicles sold for commercial purposes. An extended warranty can therefore be a good option if you buy the vehicle for your business and not for your personal use. This is because you are covered by the Consumer Guarantee Act (CGA) when you buy a car from a dealership. This means that the vehicle must be of acceptable quality and take a reasonable amount of time. If you are the buyer, then a car sales contract gives you the certainty that you know what you are buying. 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. When a vehicle is purchased or sold privately, the buyer and seller are legally required to notify Waka Kotahi NZ Transport Agency regardless of the sale and acquisition. You have to do it immediately.

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. The sale of a vehicle „as it is“ does not eliminate the seller`s legal requirements under consumer and transportation law. 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. Vehicle sales contract with private seller model [DOCX, 18 KB] Ask the buyer to provide you with a transfer credit to show you that they are registered with respect to the vehicle before passing the vehicle. 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. An example is that the buyer took too long to tell us that he bought the vehicle. This evidence may be the part of the communication received by the customer who acquired a vehicle form (MR13B) issued by an NZTA license officer. If you don`t receive it in writing, you can`t sell the vehicle without a current WoF or coF.

Wait for the buyer to provide you with proof that he has informed the NZTA of the purchase before giving up the vehicle. 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. 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. 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 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.