An auto sale agreement is an official document drafted when an automobile company sells a vehicle manufactured by them or an auto sales dealer or a car showroom sells a vehicle marketed by them to an individual referred to as the buyer. The details mentioned in the agreement are the model, type and color of the vehicle. The terms and conditions agreed by both the parties are also mentioned in the agreement.
The vehicle will be in the custody of the seller till the buyer pays the full down payment amount.
The seller agrees to provide one year warranty.
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