When it comes to buying a car in Kenya, one of the most important documents you will encounter is the car purchase agreement. This is a legally binding agreement between the buyer and the seller that outlines the terms and conditions of the sale.
The car purchase agreement should include a description of the vehicle, including the make, model, year, and VIN number. It should also include the purchase price and any financing terms, such as the down payment and interest rate.
In addition, the agreement should outline the responsibilities of both the buyer and the seller. For example, the seller should agree to provide a clean title and transfer ownership of the vehicle to the buyer. The buyer should agree to make payments on time and maintain insurance on the vehicle.
It`s important to carefully review the car purchase agreement before signing it. Make sure you understand all the terms and conditions and ask any questions you may have. If there is anything you don`t agree with, don`t sign the agreement until it has been revised to your satisfaction.
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