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    Ayra Magpili
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    The vehicle sales agreement is between seller Ace Robin A. Garcia and buyer Jan Michael Alipio for the sale of a 2004 Toyota Vios sedan with 190,000 km for 90,000 PHP. The buyer has already paid 50,000 PHP as a down payment. An additional 20,000 PHP will be paid upon validation of the vehicle's registration. The remaining 20,000 PHP balance will be paid upon the release of the original registration by Toyota Financial Services. The vehicle is sold "as is" without any warranties from the seller.

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    The vehicle sales agreement is between seller Ace Robin A. Garcia and buyer Jan Michael Alipio for the sale of a 2004 Toyota Vios sedan with 190,000 km for 90,000 PHP. The buyer has already paid 50,000 PHP as a down payment. An additional 20,000 PHP will be paid upon validation of the vehicle's registration. The remaining 20,000 PHP balance will be paid upon the release of the original registration by Toyota Financial Services. The vehicle is sold "as is" without any warranties from the seller.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    297 views3 pages

    Vehicle Sales Agreement

    Uploaded by

    Ayra Magpili
    The vehicle sales agreement is between seller Ace Robin A. Garcia and buyer Jan Michael Alipio for the sale of a 2004 Toyota Vios sedan with 190,000 km for 90,000 PHP. The buyer has already paid 50,000 PHP as a down payment. An additional 20,000 PHP will be paid upon validation of the vehicle's registration. The remaining 20,000 PHP balance will be paid upon the release of the original registration by Toyota Financial Services. The vehicle is sold "as is" without any warranties from the seller.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    VEHICLE SALES AGREEMENT

    THIS VEHICLE SALES AGREEMENT is made this _15th_ day of _____MAY____, 2019_, by 
    and among ____ACE ROBIN A. GARCIA_____ (hereinafter known as "Seller") and ____JAN 
    MICHAEL ALIPIO_______ (hereinafter known as "Buyer"). Buyer and Seller shall collectively 
    be known herein as "the Parties".

    BACKGROUND

    WHEREAS, Seller desires to sell the vehicle described below, known herein as the "Acquired 
    Vehicle", under the terms and conditions set forth below;

    WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the 
    terms and conditions set forth below; and, therefore,

    TERMS AND CONDITIONS

    IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by 
    the Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

    A.   Description of Acquired Vehicle.
    1.   Make: Toyota
    2.   Model: Vios Robin 1.3 E
    3.   Body Type: Sedan
    4.   Body Color: Silver
    5.   Year: 2004
    6.   Miles: 190km
    7.   Vehicle Plate Number: XNB 852                              
    B.Consideration.
    1.   Purchase Price. The total purchase price to be paid by Buyer to Seller for the 
    Acquired Vehicle is __NINETY THOUSAND PESOS__ only (Php90,000) 
    (hereinafter "Purchase Price") consisting of the following components:  
    i.   Down­payment: Php___50,000___ (Paid by buyer before execution of 
    this agreement.)
    ii. Payment upon Validation of Vehicle’s OR/CR and Certification:  Php 
    20,000
    iii.   R e m a i n i n g   B a l a n c e : Php 20,000
    The "down­payment" and other payment dues are to be made by Buyer to Seller 
    in cash, or through another instrument acceptable to Seller.
    2.  Release of Remaining Balance. The remaining balance stated above in the value of 
    Php 20,000 shall be paid by Buyer to the Seller ONLY UPON confirmation that 
    Vehicle’s Original OR/CR WILL BE RELEASED by Toyota Financial Services to 
    either Buyer or Seller, or any authorized representative of the two, after the 
    appearance of Vehicle’s Co­Maker at Toyota Financial Services scheduled on 
    Thursday, May 16, 2019. Any changes in schedule shall be subjected to both Buyer 
    and Seller’s agreement.
    C.   Conveyance of Title. 
    1. Conveyance of Title. Seller agrees and covenants to execute all documents presented by Buyer 
    which are   necessary to    finalize transfer of title and registration upon the Acquired Vehicle to 
    Buyer.
    D.   Representations, Warranties, and Disclosures
    1.   Warranties.
    This vehicle is sold "AS IS", and Seller does not in any way, expressly or 
    impliedly, give any warranties to Buyer. Seller expressly disclaims any 
    implied warranties of merchantability or of fitness for a particular purpose.
    2.   Odometer Declaration. Seller hereby states that the odometer in the Acquired 
    Vehicle now reads _190,000 KM_miles and to the best of Seller's knowledge it 
    reflects the actual mileage of the vehicle described herein.
    3.   Buyer Representation. The individual signing this agreement on behalf of 
    Buyer hereby represents to Seller that he or she has the power and authority to do 
    so on behalf of Buyer.
    E.   Buyer's Responsibility ­­ Insurance and Tags. Buyer acknowledges that unless
    prohibited by applicable law, any insurance coverage, license, tags, plates or registration 
    maintained by Seller on the Acquired Vehicle shall be canceled upon delivery of the 
    Acquired Vehicle to, and the acceptance of, by Buyer.
    F.   Continuation of Representations and Warranties. All representations and warranties
    contained in this Agreement (if any) shall continue in full force and effect after execution 
    of this agreement. If either party later learns that a warranty or representation that it made 
    is untrue, it is under a duty to promptly disclose this information to the other party in 
    writing. No representation or warranty contained herein shall be deemed to have been 
    waived or impaired by any investigation made by or knowledge of the other party to this 
    Agreement.
    G.   Indemnification of Attorneys Fees and out­of­pocket costs. Should any party
    materially breach this agreement (including representations and warranties made to the 
    other side), the non­breaching party shall be indemnified by the breaching party for its 
    reasonable attorneys fees and out­of­pocket costs which in any way relate to, or were 
    precipitated by, the breach of this contract (including the breach of representations or 
    warranties). This provision shall not limit in any way the remedies either party may have 
    otherwise possessed in law or equity relative to a breach of this contract. The term 
    "out­of­pocket costs", as used in this contract, shall not include lost profits.
    H.   Integration. This Agreement, including the attachments mentioned in the body as
    incorporated by reference, sets forth the entire agreement between the Parties with regard 
    to the subject matter hereof. All prior agreements, representations and warranties, express 
    or implied, oral or written, with respect to the subject matter hereof, are hereby 
    superseded by this agreement. This is an integrated agreement.
    I.   Severability. In the event any provision of this Agreement is deemed to be void, invalid,
    or unenforceable, that provision shall be severed from the remainder of this Agreement so 
    as not to cause the invalidity or unenforceability of the remainder of this Agreement. All 
    remaining provisions of this Agreement shall then continue in full force and effect. If any 
    provision shall be deemed invalid due to its scope or breadth, such provision shall be 
    deemed valid to the extent of the scope and breadth permitted by law.
    J.   Modification. Except as otherwise provided in this document, this agreement may be
    modified, superseded, or voided only upon the written and signed agreement of the 
    Parties. Further, the physical destruction or loss of this document shall not be construed 
    as a modification or termination of the agreement contained herein.
    K.   Acknowledgements. Each party acknowledges that he or she has had an adequate
    opportunity to read and study this Agreement, to consider it, to consult with attorneys if 
    he or she has so desired.
    L.   R e p u b l i c   Law. This Agreement shall be interpreted under, and governed by, the laws of the
    Republic of the Philippines.

    IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, Seller 
    and Buyer affix their signatures hereto.

    SELLER   BUYER

    Dated: __May 15, 2019              Dated: _May 15, 2019

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