AUTOMOBILE DEPOSIT FORM

This Automobile Deposit Receipt and Agreement (the "Agreement") is entered into on the (the "Effective Date"), by and between the Seller and the Buyer identified below.

I. THE PARTIES

Seller Information
Seller Name:
Address:
City: State: Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Zip:
Phone:
Email:

Buyer Information
Buyer Name:
Address:
City: State: Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Zip:
Phone:
Email:

II. VEHICLE DESCRIPTION

The Seller agrees to sell and the Buyer agrees to purchase the following motor vehicle (the "Vehicle"):

Make:
Model:
Year:
Body Type:
Color:
Vehicle Identification Number (VIN):
Odometer Reading: miles

III. TRANSACTION DETAILS

The Parties agree to the following financial terms regarding the sale of the Vehicle:

1. Total Purchase Price: $
2. Deposit Amount: $
3. Balance Due: $

The Deposit has been paid by the Buyer to the Seller via the following method:

IV. TERMS OF DEPOSIT

The Parties agree that the status of the Deposit is as follows (check one):

V. HOLD PERIOD AND CLOSING

In consideration of the Deposit, the Seller agrees to remove the Vehicle from the market and hold it for the Buyer until at

If the Buyer fails to pay the Balance Due and take possession of the Vehicle by the Closing Date, the Seller may declare this Agreement null and void and apply the Deposit terms outlined in Section IV.

VI. CONTINGENCIES

This Agreement is subject to the following contingencies (check all that apply):

VII. BUYER'S ACKNOWLEDGMENT

The Buyer acknowledges that they have had the opportunity to inspect the Vehicle. Unless otherwise stated in writing, the Vehicle is sold "AS IS" with no warranties, express or implied, regarding its condition, merchantability, or fitness for a particular purpose, except for any manufacturer warranty that may still be in effect.

VIII. SELLER'S REPRESENTATIONS

The Seller represents and warrants that:
1. The Seller is the legal owner of the Vehicle.
2. The Seller has full authority to sell and transfer the Vehicle.
3. The Vehicle is free and clear of all liens, encumbrances, and liabilities, unless otherwise noted here:

IX. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming.

X. ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Parties regarding the Deposit and supersedes all prior agreements, whether written or oral. Any amendments to this Agreement must be in writing and signed by both Parties.

XI. ADDITIONAL TERMS

Additional terms and conditions of this Agreement are:

XII. SIGNATURES

SELLER:

Signature: _________________________
Date:
Print Name: _______________

BUYER:

Signature: _________________________
Date:
Print Name: _______________