Does the Buyer Have a Vehicle Purchase Contract?
2 Answers
Generally, the vehicle purchase contract is issued in duplicate, with the buyer retaining one copy. Below is relevant information about vehicle purchase contracts: 1. Overview: A vehicle purchase contract is a formal sales agreement signed between the buyer and the dealer, serving as a basis to protect the rights and interests of both parties. When trading used vehicles, it is mandatory to sign a purchase contract supervised by the industrial and commercial authorities, commonly referred to as a used car sales contract. This contract is issued in duplicate, with each party holding one copy, and must be filed with the industrial and commercial administration department to proceed with the corresponding vehicle transfer procedures. 2. Key Considerations: When signing the vehicle purchase contract, clearly specify essential elements such as the vehicle brand, identification number, engine number, and chassis number (VIN), particularly ensuring both the VIN and identification number are recorded to prevent dealer fraud. Also include major vehicle configurations, color (specifying seat color), transmission type (manual or automatic), and documents to be delivered with the vehicle. The total transaction price (either the ex-factory price or the all-inclusive price) should be clearly stated, along with payment methods and deadlines.
When I bought my new car, the sales consultant directly handed me a copy of the contract. As a buyer, it's essential to have a contract because it's not just a piece of paper—it records the vehicle model, price, payment method, and warranty terms. I scanned a copy and saved it on my phone since purchasing a car is a big deal. In case of any future disputes, such as quality claims or when selling it second-hand, the contract serves as solid evidence. Remember to check all details carefully before signing to avoid future troubles. With advanced technology today, it's wise to keep both paper and electronic versions handy for easy verification anytime, anywhere. Essentially, a car purchase contract is a legal safeguard. Without it, the transaction between you and the seller lacks a foundation, and it’s also needed to prove ownership when handling insurance claims. So don’t just focus on test-driving the car—make sure to secure the contract properly as soon as you receive it.
