oboloo Glossary

Vehicle Purchase Agreement

oboloo Glossary

Vehicle Purchase Agreement

A Vehicle Purchase Agreement is a document that sets out the terms and agreement of purchase between a buyer and seller for a vehicle. It ensures both parties understand their legal obligations and rights when buying or selling a car. The Vehicle Purchase Agreement outlines important information such as the date of sale, the amount of money to be paid, the make and model of the vehicle being sold, and any additional features or stipulations involved in the transaction. This document is legally binding and serves as proof of the agreement between the parties should there be any future disputes.