Used Truck Sales Contract: The A-Z Guide for Buyers & Sellers

Mr. Ba, a hardworking farmer from Soc Son District, Hanoi, decided to buy a used truck to transport agricultural products. Trusting a friend’s recommendation, he hastily made a deposit and received the truck without signing a sales contract.

As a result, the truck constantly broke down, and the paperwork was not in his name. Mr. Ba had to spend a large sum of money on repairs and even faced legal trouble.

Mr. Ba’s story is a lesson for many when buying and selling used trucks. A solid contract is a “protective amulet” that safeguards the interests of both buyers and sellers. So, what should a used truck sales contract include? Let’s find out with Hanoi Trucks!

Used Truck Sales Contract Template: What You Need to Know

1. What is a used truck sales contract?

This 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 helps avoid disputes and legal risks later on.

2. Essential content in the contract:

• Buyer and seller information: Full name, address, ID/Citizen ID number, phone number… must be clearly and accurately stated. If one party is a business, information about the company name, tax code, legal representative… is also required.
• Vehicle information: Includes technical specifications, chassis number, engine number, license plate, brand, year of manufacture, number of seats…
• Selling price and payment method: Clearly state whether the selling price includes taxes and fees, payment method (cash, bank transfer…), and payment deadline.
• Seller’s responsibilities: Proving the origin and legal ownership of the vehicle, handing over all relevant documents and accessories.
• Buyer’s responsibilities: Full and timely payment, carrying out the name transfer procedures according to regulations.
• Cases of contract breach: Clearly state the penalties for either party violating the agreed terms.
• Signatures and date of signing: The contract is valid when signed by both parties.

3. “Golden” notes when signing the contract:

• Carefully check the information: Ensure the accuracy and completeness of all information in the contract.
• Clearly negotiate: Both parties need to agree on all terms before signing to avoid future disputes.
• Prepare 2 copies: Each party keeps one copy of the contract with equal legal validity.

Inspecting a used truck

Used Truck Price List at Hanoi Trucks (October 2023)

Note: The price list is for reference only, actual prices may vary depending on the vehicle’s condition, mileage, etc.

Frequently Asked Questions When Buying and Selling Used Trucks

1. Where to buy reputable used trucks in Hanoi?

Hanoi Trucks, with a showroom system stretching from Cau Giay, Hai Ba Trung, Long Bien districts to Gia Lam and Dong Anh districts, is a trusted address for customers.

2. What is the procedure for transferring the ownership of a used truck?

After signing the contract, both parties need to go to the vehicle registration office to carry out the name transfer procedures. Hanoi Trucks assists customers in completing the procedures quickly and conveniently.

3. What criteria should be used to choose a used truck?

Depending on your needs, you should consider the payload, truck bed size, brand, year of manufacture, vehicle condition,…

Buying and selling used trucks

Truck Feng Shui: Choosing the Right Color for Your Truck

Vietnamese people believe in “buying a car on the right day, choosing the right color for your destiny”. Choosing a car color that matches Feng Shui helps the owner have good luck, fortune, and prosperity in business.

For example, people with the Metal element should choose white or silver gray cars; people with the Water element should choose black or navy blue…

Conclusion

Hopefully, this article has provided useful information about the used truck sales contract template. Be a smart buyer and seller, choose a reputable unit like Hanoi Trucks to ensure your benefits.