Mr. Ba, residing in Dong Anh district, wanted a used truck to transport construction materials for his small shop. After days of searching through truck dealerships in Hanoi, from Cau Giay and Hai Ba Trung to Long Bien, he finally found a used Dongfeng B160 he liked at a shop on Nguyen Van Linh Street. The joy of purchasing the truck was short-lived as Mr. Ba became concerned about the paperwork and sales contract. Are there risks when buying a used truck, and how can he protect his interests?
This article provides a detailed guide to used truck sales contracts, ensuring peace of mind when buying or selling a used vehicle.
Used truck sales contract
A used truck sales contract is a legal document that records the agreement between the seller and the buyer regarding the transfer of ownership of a used truck. This contract protects the rights and obligations of both parties, preventing potential disputes.
Many people believe that a handwritten agreement or photocopies of ID cards and household registration books are sufficient for used truck transactions. However, according to traffic law expert Nguyen Van A, “The absence of a clear contract carries significant risks. For instance, if there’s a dispute regarding the vehicle’s origin, the truck could be confiscated without compensation. Moreover, the contract serves as a basis for resolving issues related to insurance and vehicle registration.”
A comprehensive used truck sales contract should include the following information:
Inspecting used truck documents
Consider reputable used truck dealerships in districts like Cau Giay, Long Bien, Hoang Mai, or browse reputable online vehicle marketplaces.
Gather all required documents as per regulations and visit the local police department to complete the transfer process.
Verify the origin by checking the chassis and engine numbers on the Vietnam Register website.
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This article provides valuable insights into used truck sales contracts. Be an informed buyer or seller, thoroughly research information, and choose a reputable dealer to protect your interests.
Visit Xe Tai Ha Noi’s website for more useful information about trucks.
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