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. 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. The documentation of the agreement and the condition of the used car prevents the buyer from later claiming that you cheated on the condition and recovered his money. 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. Ask the buyer to give you a transfer confirmation to show that they are registered for the vehicle before passing the vehicle. You and the new owner must complete a “transfer of permissions” form. Model vehicle sales contract for private sellers [DOCX, 18 KB] If you sell an unregant vehicle, the buyer must re-register the vehicle. If we receive a notification that you have sold a vehicle, we update the vehicle registry to show that you are no longer the registered person for the vehicle.
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. The sale of a vehicle “as it is” does not eliminate the seller`s legal requirements under consumer and transportation law. On the LicenSys NZ website in the Transfer of entitlement section, you can fill out the form online to download a copy. Be sure to read the sales contract or offer it carefully. If something is not added up or useful, ask the trader to explain it to you. If you have any doubts, don`t sign anything. Ask for a copy of the takeaway offer and seek independent advice.
To use this car sales contract, fill out as many details as possible in advance (the model is in Word format), then print two copies, one for you and one for the other part. Fill out the rest of the form before the other part. Both parties should sign both copies and keep them as proof of sale. 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. The merchant must tell you if the road costs are not included in the sale price. It should not come as a surprise to you after the purchase. Before you accept the purchase of a car, you must understand the car dealership`s sales contract and extended warranty offer – or enter into your own contract with a private seller. An example is that the buyer took too long to tell us that he bought the vehicle. If you are selling a vehicle without a current WoF or CoF, you must: If you sell a vehicle to a car dealership, it can complete some or all of the notification process on your behalf. However, you should always confirm that the merchant has completed this process for peace of mind. 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. You will find detailed information on what they need to do before signing a financing or loan contract using a car loan.
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.