Car sales contract in 2021

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

The sale and purchase agreement is compulsorily drawn up when the car is sold, therefore the correct procedure for drawing up the document deserves special attention. We will tell you if it is possible to fill out such a document in 2021 on your own, how to do it correctly and where to download the form.

The procedure for selling a car by an individual

The conclusion of such a document in accordance with paragraph 1 of Art. 454 of the Civil Code of the Russian Federation obliges the seller to transfer the car to the buyer in exchange for the amount specified in the contract. Together with the vehicle, the seller must hand over to the buyer all relevant documentation.

The registration certificate and vehicle passport will be transferred after the transaction is completed so that the new owner will register his vehicle with the traffic police. When making a sale, the seller must, without fail, put his visa in the “Signature of the previous owner” column in the TCP.

Otherwise, it will not be possible to re-register the car after the sale. It is noteworthy that the signature in the document must be put in the same pen that was used to draw up the contract.

The new owner must remember that the purchased vehicle must be registered within 10 days from the date of the transaction. The agreement must be drawn up between individuals in accordance with all the rules, since the new owner of a car without this document will not be able to register it.

What documents will be needed to complete the purchase and sale

To complete a successful transaction, the seller must submit:

1. A document proving his identity.
2. Vehicle passport (PTS). It should contain a note that the car has been removed from the traffic police register for sale.
3. If the seller was not entered in the Title Deed or is not the owner of the car, then a power of attorney from the present owner will be required for the sale.
4. If the contract is concluded by a legal entity, then one of the employees of the organization who will carry out the sale must have a power of attorney from the organization certified by a notary for the right to sell or buy a car, as well as its seal.

The buyer only needs a passport of a citizen of the Russian Federation.

What you need to pay attention to before making a deal

Before entering into a sales contract, the buyer must be sure that:

• the car is not stolen;
• no restrictions are imposed on registration actions;
• the vehicle is not under arrest;
• no fines were imposed (can be viewed on the traffic police website);
• TS is not a pledge property;
• is not in credit;
• check the history of participation in an accident and registration of a traffic accident;
• whether the mileage on the car has been twisted.

After analyzing the information, you can proceed to the execution of the contract.

How to fill out the document correctly

To draw up a document correctly, you will need an empty form, which can be downloaded from our website. It is advisable to print in advance a sample of the completed contract in order to, by analogy, correctly enter your data in an empty form.

Print out an empty form in triplicate at once (to the traffic police, to the buyer and seller). Forms are filled with a pen of the same color.

Step-by-step instructions for filling out the purchase and sale agreement form:

1. Preliminary check the identity of the buyer and seller with the registration certificate, vehicle passport, passport of a citizen of the Russian Federation.
2. Enter the date of the conclusion of the contract or the document number.
3. Fill in the column indicating the city or place of the transaction, and put the current date.
4. Indicate in the document the exact details of the passports of the buyer and seller.
5. Enter all the data about the car taken from the vehicle title. Fill in without errors.
6. Indicate the cost of the vehicle, upon agreement of the parties, both in numbers, in words, and in words.
7. At the end of the transaction, sign an agreement, attach the vehicle acceptance certificate to it. The contract must have two signatures: from the buyer and the seller.

You also need to remember that according to the result of the transaction, the new owner of the car must be entered into the TCP, indicate the number of the signed document and the date of purchase, and sign the buyer and seller on the printed original.

Payment of tax

If the vehicle has been in the possession of the seller for less than 3 years, then in this case, you will have to pay personal income tax and submit a declaration to the Tax Office after the sale of the car. This must be done no later than April 30 of the year that follows the year in which the income was received.

If the car was owned by the seller for 3 years or more, then the transaction is not taxed.

Having at hand detailed instructions on how to fill out a car sale and purchase agreement in 2021, all that remains is to download the form and draw it up correctly. After that, it is imperative to double-check each item and after that put your signature.

Summarize

1. To draw up a sales contract for a car, you need to have the appropriate documents from the buyer and the seller.
2. Fill out the form in triplicate.
3. If the vehicle has been in possession for less than 3 years, you need to pay personal income tax and file a tax return.
4. After completing the transaction, the new owner must be entered into the TCP.