Understanding Purchase and Sale Agreements at Kamal Auto TATA

At Kamal Auto TATA, we understand that the intricacies and nuances of purchase and sale agreements are important when it comes to purchasing a car for the average consumer. We also know how much you invest, so we want to provide practical advice and information that serves our customers’ best interests! The following 10 points will give you a deeper understanding of why comprehensive purchase and sale agreements in WA state matter when it comes to purchasing a vehicle, and what you need to know about these agreements in the State of Washington and about their importance when you purchase a Tata vehicle from Kamal Auto TATA!

1. The purchase and sale agreement is a legal contract, which states that the dealer receives money/consideration for providing the buyer with a car.
2. The purchase and sale agreement secures the financing and legal interests of the buyer and seller.
3. In the State of Washington, the terms and conditions of a purchase and sale agreement include: “Agreement made as of the ___ day of ____, 20___ between Kamal Global Auto Dealers, Inc. (“Dealer”) and _____ (“Buyer”). Dealer agrees to sell, and Buyer agrees to purchase, the following automobile, subject to the terms and conditions set forth herein. Make: _______________ ; Model: _________; Body Type: _____________; Year: _____; VIN: ________________; Color: ____________; Lic. No.: _______________.”
4. The sale date is the date on which the buyer takes possession of the car, but it could also be the date on which the buyer signs the legal purchase and sale agreement and makes the payment.
5. “Price paid” or “price owed” are various phrases used in relation to the amount that the buyer must pay to the dealer when obtaining possession of the vehicle.
6. The “final sale price” includes all the costs, including all taxes and fees related to the sale, such as excise taxes, doc fees, etc.
7. The agreement includes an indication of whether the buyer needs to make a down payment, and the amount of the down payment that the buyer needs to make at the time of the sale. The buyer may also need to make monthly payments. A portion of each monthly payment is considered “interest” which the dealer collects as a fee charged for the use of the money they lend you during the financing period.
8. Any delays in the buyer making the first payment are noted and may be charged as a late fee. The buyer may not be charged/required to pay any late fees if their loan agreement with the lender prohibits the imposition of late fees.
9. The buyer may be charged a penalty for failing to make timely payments, or the current interest rate may be raised, if the buyer fails to make timely payments.
10. Under certain circumstances, the dealer may be entitled to recover damages if the buyer fails to fully complete and comply with the requirements of the purchase and sale agreement.

At Kamal Auto TATA, we are on your side and want you to understand your rights and obligations under the purchase and sale agreement so you can focus on making a car payment.