Affidavit For Sale Of Vehicle

This affidavit is a declaration made by the seller of a vehicle that the seller has sold the vehicle to an another individual or company and will no longer be responsible for any of the liabilities concerning the vehicle. The affidavit is needed to declare that a vehicle has been sold by the owner to the buyer and therefore, the liabilities concerning the vehicle are the responsibility of 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 can be used by an individual or a company who have sold their vehicle and the buyer of the vehicle will be solely responsible for the liabilities concerning the vehicle henceforth.

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Frequently Asked Questions

This affidavit is a declaration made by the seller of a vehicle that the seller has sold the vehicle to an another individual or company and will no longer be responsible for any of the liabilities concerning the vehicle. The affidavit is needed to declare that a vehicle has been sold by the owner to the buyer and therefore, the liabilities concerning the vehicle are the responsibility of the buyer.
Who needs this agreement and why?
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 can be used by an individual or a company who have sold their vehicle and the buyer of the vehicle will be solely responsible for the liabilities concerning the vehicle henceforth.
Below are the legal jargons used in the agreement which which you should know about for a better understanding of this agreement:
  1. Deponent- a person who makes a deposition or affidavit under oath.
What are the legal jargons used in this agreement?
There is no Annexure section in this affidavit.

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