LOAN AGREEMENT

 

Agreement of sale.

AGREEMENT FOR THE SALE OF A MOTOR VEHICLE   Made and entered into by and between :- ______________________________________________(hereinafter called "the Seller") (insert seller's full names) and _____________________________________________ (herinafter called "the Purchaser") (insert Purchaser's full names) WHEREBY IT IS AGREED AS FOLLOWS :- The Seller sells and transfers to the Purchaser the following motor vehicle - Make: ________________________ Model : ________________________ Year : ________________________ Registration Number ; ________________________ (Hereinafter referred to as "the vehicle") The Seller warrants that the Seller has the full right and authority to sell and transfer the vehicle and hereby indemnifies the Purchaser against ejectment; The Seller warrants that the vehicle is sold free of liens and encumbrances; The vehicle is sold as is, voetstoots; The Seller shall sign such forms and deliver to the Purchaser such documents as may be necessary to enable the Purchaser to register the vehicle in his name; The price payable by the Purchaser to the Seller for the Vehicle is the sum of R___________(____________________________________________Rand) payable as to a deposit of R_______________(________________________________________Rand) upon the signing of this agreement and as to the balance of the purchase price by ______________________ (state number) monthly instalments of R__________________ (________________________________Rand) each payable on or before the first day of each and every month, commencing on the ___________________ (day, month year). SIGNED at ____________________ (place) on this ______________________ (day, month, year)   AS WITNESSES: _______________________ _______________________                                        _______________________                                                                                                           SELLER SIGNED at ___________________ (place) on this _____________________(day, month, year) ______________________ ______________________                                            _______________________                                                                                                            PURCHASER   Domestic employment | Offer to purchase | Lease agreement |  Loan agreement | Agreement of sale | Will