“Car lease agreement template” use when the buyer’s wants to purchase a car from a seller’s. this agreement make between the car seller and the car buyer. This agreement helps the both parties for the security issues and also for the payment issues. Mostly sellers sell the things without revealing the terms and conditions to the buyer and both parties verbally agrees to buy and sell.
This process traditionally creates issues regarding the payment for example the buyer complains for a problem in the car and refuse to pay after two three days. For this reason and these types of mistakes the form of agreement formed. Because all things considered it contains the all terms and conditions that are revealed to buyer to agree with and afterwards, signs on to it. Before making payments, the buyer must read all the terms and conditions of purchase and payments mention in car lease agreement template. This agreement secures both parties.
Why To use Car Lease Agreement Template:
- To make a formal documental record
- To avoid disputes
- Formal agreement
- Lawful consideration
- Include Both Parties Consent.
- Easy to use.
- Affordable and printable
Guide to Use this template:
There are 6 sections included in this template to fill that are following:
- Buyer’s Detail Section
- Seller’s Details
- Vehicle’s Descriptions
- Terms & conditions Agreement details
- Law section
- Signature’s section
Buyer’s Detail Section Vehicle Lease Agreement:
Buyers section includes all the details about buyers are following:
- Buyer’s name: Name of the buyer
- Contact number
- City/ State/ Zip code
Seller’s Detail Section:
Seller section includes all the details about the seller details that are following:
- Seller’s name
- Zip code/ state/ city:
- Contact information
Vehicle description that is going to sold must be made in this section. The current condition of the vehicle must written in car lease agreement template:
Year of acquisition: the year in which the vehicle purchased.
Model Number: the name and model number must be mentioned.
Therefore, these details includes in vehicle description section.
Related Template: Car down payment deposit receipt
Terms & Conditions section:
Terms and condition section of vehicle lease agreement include all the details about the buyer and seller party terms. It includes the buyer’s hereby that he is agree to pay for instance $100 on this month/ date/ year, and if the buyer is paying in installments the day of the month on which the installment pay to the seller. The installments conditions also mention in detail. The agreement section also ensures that if buyer is failed to pay the following amount before due date so extra money is charged on the extra grace days.
Warranty/ guarantee details hereby is also mention for the agreement.
Lawful Consideration Section:
In this section the clause of law also mention. That this article governed by the state/ Government and the country’s law.
Afterwards, in the last the agreement completes with signature of the both parties. The seller signed this and the buyer after reading all the terms & conditions the buyers signed on this agreement.