Affidavit For Purchase Of Vehicle
This affidavit is used as a declaration by the purchaser mentioning the name of the seller and further that the ownership of the vehicle has been transferred and henceforth, all the liabilities concerning the vehicle are now the responsibility of the purchaser. The affidavit is needed in case an individual or an organisation has purchased a vehicle and wishes to transfer the rights from the seller to the buyer.
To make it legally enforceable, the document needs to be printed on a stamp paper of an appropriate value and be signed in the presence of an Oath Commissioner who shall attest the same. This Affidavit shall be used by an individual or a company who has purchased a vehicle and wishes to declare that they are the rightful owner of the same and will be responsible for all the liabilities concerning the vehicle.
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Frequently Asked Questions
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- Deponent- a person who makes a deposition or affidavit under oath.