Offer to Purchase a Vehicle is provided to inform you about this document in question and assist you in its preparation. This document serves the buyer by allowing them to have the vehicle inspected, arrange financing, or whatever else he or she can negotiate with the seller. This document permits the seller to lock up the sale by providing a short window of opportunity, time, to close on the open issues with the prospective buyer. It also serves to formalize the arrangement so there are no points of contention between the parties at a later date.
- Make multiple copies. Give one to each signatory. Keep one with the transaction file.
Offer to Purchase a Vehicle
__________________ offers to purchase the following vehicle:
Vehicle Identification Number:
for the following price: $ ______________
(___________________________________________ & no/100 dollars) plus applicable sales tax of ________ percent and the following described additional charges:
totaling $ ______________
(___________________________________________ & no/100 dollars) upon the following terms:
This offer shall expire unless accepted by ________________ at _____________.