The Ultimate Guide to Vehicle Purchase Agreements in Vietnam

“A durable possession depends on its owner,” as the old saying goes. But acquiring a satisfactory, durable, and aesthetically pleasing truck requires some experience and understanding of legal procedures, especially the vehicle purchase agreement. This article by Xe Tai Ha Noi will decipher this crucial document in the vehicle purchasing process.

What is a Vehicle Purchase Agreement?

A vehicle purchase agreement is a mandatory document that legalizes the sale and transfer of vehicle ownership according to Vietnamese law.

Why is a Vehicle Purchase Agreement Important?

Imagine you’ve just found the perfect Dongfeng closed-container truck at your trusted dealership on Nguyen Van Linh Street, Long Bien. The truck has a lucky license plate, perfectly matching your birth year, promising prosperity. But without a valid vehicle purchase agreement, it’s all just a dream. Here’s why:

• Proof of Legal Ownership: The agreement serves as the most crucial legal evidence confirming you as the new owner.
• Ownership Transfer Procedures: Without it, you can’t complete the ownership transfer procedures at the relevant authorities.
• Avoid Legal Disputes: This document helps you avoid future legal complications regarding vehicle ownership.

A Dongfeng truck with an enclosed cargo box.

Step-by-Step Guide to Filling Out a Vehicle Purchase Agreement

1. Buyer and Seller Information

• Full Name: Provide the full legal name as it appears on your ID card or Citizen Identification Card.
• Address: State your permanent residential address, including a phone number for easy contact.
• ID/Citizen ID Number: Accurately write your ID or Citizen Identification Card number.

2. Vehicle Information

• Vehicle Type: Specify the vehicle type (truck, bus, car, etc.).
• Make: Clearly state the vehicle’s brand (e.g., Hyundai, Thaco, Hino).
• Chassis and Engine Numbers: Accurately record the vehicle’s chassis and engine numbers.
• License Plate Number: Provide the vehicle’s license plate number.

3. Sale Price

• State the sale price in both numerical and written formats.
• Note: The sale price should reflect the actual transaction value.

4. Buyer and Seller Signatures

• Both the buyer and seller must sign the agreement.
• Note: Signatures should match those on your ID card or Citizen Identification Card.

Frequently Asked Questions about Vehicle Purchase Agreements

1. Can I print the vehicle purchase agreement myself?

Absolutely. You can easily find and download vehicle purchase agreement templates online. However, ensure the template is from a reliable source and complies with current regulations.

2. Does a vehicle purchase agreement need to be notarized?

According to current regulations, notarization is not mandatory. However, to ensure legal validity and prevent future disputes, notarization at a notary public or notary office is recommended.

3. What should I note about the purchase agreement when buying a truck through financing?

When financing a truck, request a suitable vehicle purchase agreement from the bank or financial institution. Typically, the seller in this case will be the lending bank or institution.

A Vehicle Purchase Agreement form.

Xe Tai Ha Noi – Your Trusted Source for Trucks

If you’re searching for a reliable truck dealer in Hanoi, Xe Tai Ha Noi is an excellent choice. Offering a wide range of trucks from renowned brands like Hyundai, Thaco, Hino, and Isuzu, we guarantee quality products at competitive prices.

Contact us for expert advice and assistance:

• Address: [Street Number], [Street Name], [Ward Name], [District Name], Hanoi
• Hotline: [Phone Number]
• Website: https://xetaihanoi.edu.vn