Car Deposit Receipt: Secure Your Dream Vehicle in Hanoi

A truck driver in Long Bien district, Hanoi, named Nguyen Van Tuan, always dreamed of owning a new Hino truck. He believed that owning a truck with good “feng shui” would bring him luck and prosperity on every journey. One day, he visited a Hino truck dealership on Giai Phong Street and decided to make a down payment on his dream truck. Tuan shared, “When I held the deposit receipt, I was so happy I cried. After years of hard work, I finally reached my dream.”

Tuan’s story highlights the importance of a car deposit receipt, a seemingly small document that plays a crucial role in protecting the rights of both the buyer and the seller in a vehicle transaction.

Car deposit receipt

What is a Car Deposit Receipt?

A car deposit receipt is a document confirming that the buyer has paid a deposit to the seller to guarantee that the car purchase will be completed in the future.

Purpose of a Car Deposit Receipt:

• For the buyer: It serves as legal proof to request the seller to fulfill their commitment to sell the car.
• For the seller: It acts as a reservation and ensures that the buyer will proceed with the transaction.

Essential Information in a Car Deposit Receipt

• Buyer and seller information: Full name, address, ID/Citizen ID number, phone number.
• Vehicle information: Type of vehicle, make, chassis number, engine number, color, year of manufacture.
• Vehicle price: Clearly state the agreed-upon price in both numbers and words.
• Deposit amount: Clearly state the deposit amount in both numbers and words.
• Payment deadline: Specify the deadline for paying the remaining balance.
• Responsibilities of both parties: Clearly outline the responsibilities of each party in case of unilateral termination of the contract.
• Signatures and full names of both parties: Both the buyer and the seller must sign and write their full names on the receipt.

Important Considerations

• It’s recommended to create two copies of the deposit receipt, one for each party.
• Carefully review the content before signing.
• Keep the receipt in a safe place.

Frequently Asked Questions

Is it mandatory to notarize a car deposit receipt?

According to the law, notarization of a car deposit receipt is not mandatory. However, for enhanced legal validity, it’s advisable to have it notarized at a notary public office or certified at the local People’s Committee.

What happens if one party breaches the contract?

In this case, the breaching party will be liable for compensating the other party for damages as agreed upon in the deposit receipt.

Buying a truck in Hanoi

Buy Trucks at XE TẢI HÀ NỘI – Your Trusted Choice

If you’re looking to buy a truck, visit XE TẢI HÀ NỘI – a reputable provider of high-quality trucks at competitive prices.

We are proud partners of leading truck brands such as Hino, Isuzu, Hyundai, Thaco Trường Hải,… with a dealer network covering all districts in Hanoi, including Cau Giay, Long Bien, Hoai Duc…

Similar Products

Besides trucks, XE TẢI HÀ NỘI also offers a wide range of other vehicles, such as:

• Dump trucks
• Tractor trucks
• Specialized vehicles

Conclusion

A car deposit receipt is a crucial legal document that helps you secure your dream vehicle. Be an informed consumer, equip yourself with sufficient knowledge, and choose a reputable dealer to protect your rights.