A Car Purchase Agreement is a legally-binding contract that sets out the terms and conditions for buying, or leasing, a car from a dealership or private seller. The contract outlines the rights and obligations of all parties involved, including the buyer’s commitment to make regular payments on the vehicle. It also includes important details like the price of the car, a detailed description of the vehicle, and any additional fees or charges associated with the purchase. By signing this agreement, both parties agree to abide by its terms and conditions. Whether you’re buying or leasing, a Car Purchase Agreement is an essential part of ensuring that both buyers and sellers are protected and have peace of mind.