Buying or Selling a Car with a Power of Attorney in Vietnam

Buying or selling a car with a power of attorney is common in Vietnam. However, not everyone understands the legal regulations and important considerations. This article provides detailed information about car sale power of attorney contracts.

What is a Car Sale Power of Attorney Contract?

A car sale power of attorney contract is a legal document between the grantor (car owner) and the grantee, authorizing the grantee to buy or sell the car on their behalf. The grantee can be an individual or an organization specializing in car sales.

When Should You Use a Car Sale Power of Attorney?

Several situations may require a car sale power of attorney:

• The car owner is busy and unable to handle the transaction personally.
• The car owner lives far from the place of sale.
• The owner wants to authorize someone with more car knowledge to negotiate the price.

Essential Content of a Car Sale Power of Attorney Contract

For legal validity, the contract must include:

• Personal information of the grantor and grantee.
• Car details: license plate number, chassis number, engine number, make, year of manufacture.
• Sale price (if agreed upon beforehand).
• Rights and obligations of the grantor and grantee.
• Contract validity period.
• Other terms and conditions (if any).

Sample Car Sale Power of Attorney Contract

Important Considerations When Drafting a Car Sale Power of Attorney

• The contract must be in writing, signed by both parties, and notarized by a competent authority.
• Verify the grantee’s information to ensure they are trustworthy.
• Clearly and detailedly state all terms to avoid future disputes.
• After the sale, the grantor must transfer ownership at the vehicle registration office.

Advantages and Disadvantages of Using a Car Sale Power of Attorney

Advantages:

• Saves time and effort for the car owner.
• Facilitates a smoother and faster transaction.

Disadvantages:

• Potential legal risks if regulations are not understood.
• Risk of encountering an untrustworthy grantee.

Safe and Reliable Car Transactions with Power of Attorney at XE TẢI HÀ NỘI

XE TẢI HÀ NỘI is a reputable company specializing in car sales using power of attorney contracts.

• Experienced and legally knowledgeable staff.
• Assistance in drafting contracts, protecting both parties’ interests.
• Professional, fast, and transparent workflow.
• Commitment to customer satisfaction and peace of mind.

Conclusion

A car sale power of attorney is a helpful solution for easier and more convenient transactions. However, to protect your interests, thoroughly research legal regulations and choose a reputable service provider.

FAQ

1. How long is a car sale power of attorney valid?

The contract duration is agreed upon by both parties and stated in the contract, with a maximum of 05 years.

2. Can I authorize multiple people to sell my car?

You can authorize multiple people, but clearly define each person’s responsibilities in the contract.

3. What if the grantee sells the car for less than the agreed price?

This should be clearly addressed in the contract. If the grantee breaches the agreement, the grantor can file a lawsuit.

4. How can I cancel a car sale power of attorney?

The grantor can unilaterally terminate the contract in writing.

Learn More

• Procedures for Buying and Selling Used Cars
• Tips for Inspecting a Used Car Before Purchase

Contact Us

For assistance, please call: 0968239999, Email: [email protected] Or visit us at: TT36 – CN9 Road, Tu Liem Industrial Park, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer support team.