Care sale agreement

What are the steps to register a vehicle sale and purchase contract?

After the template car sale contract has been signed by both parties, follow these steps for official registration:

• Visit the local tax office: submit the contract to obtain proof of tax payment for the vehicle.
• Vehicle registration: with the tax clearance, submit the contract to the competent authority to register the new owner.
• Verify documents: ensure you have all necessary documents, including the vehicle identity card, registration certificate, and others required by law.

What taxes need to be paid when concluding a vehicle sale and purchase contract?

In Romania, you may need to pay the following taxes:

• Property transfer tax: calculated based on the vehicle's value, paid by the seller at the local tax office unless otherwise stated in the contract.
• Registration fee: paid by the buyer when registering the vehicle in their name.
• Other fees: additional administrative fees related to registration and ownership transfer, such as certificate and license plate fees.

What are the seller's responsibilities after concluding the vehicle sale and purchase contract?

After the contract is concluded, the seller's main responsibilities include:

• Handing over the vehicle and documents: provide the vehicle and all necessary documents (vehicle identity card, registration certificate, technical inspection certificate, insurance policy) to the buyer.
• Notifying tax authorities: inform the local tax office about the ownership transfer to avoid future taxation on their name.
• Ensuring ownership transfer and vehicle condition: guarantee the accuracy of the information in the contract, that ownership has been transferred, and that the vehicle has no hidden defects not disclosed to the buyer.

What additional documents might be needed for concluding a vehicle sale and purchase contract?

In addition to the contract, the following documents might be required:

• Vehicle Identity Card (CIV): contains technical details about the vehicle.
• Registration Certificate: proof of the vehicle's registration in the seller's name.
• Technical Inspection Certificate (ITP): must be valid at the time of sale.
• Insurance Policy (RCA): mandatory auto liability insurance.
• Notarial Power of Attorney: if the sale is conducted through a legal representative of the seller or buyer.

What happens if one party does not comply with the terms of the vehicle sale and purchase contract?

If one party does not comply with the contract terms, the following measures can be taken:

• Contract termination: the affected party may request the termination of the contract.
• Compensation: the injured party can claim damages for any losses incurred due to non-compliance.
• Litigation remedies: if disputes cannot be resolved amicably, the affected party may file a lawsuit to seek remedies in court.

Can I sell a vehicle that is under leasing?

Yes, you can sell a vehicle under leasing in Romania, but you need to obtain the leasing company's approval and follow specific procedures and conditions in order to execute the car sale agreement.

How do I obtain the leasing company's approval to complete a sale and purchase contract?

You must contact the leasing company and request permission to sell the vehicle under a car sale agreement template. The company will evaluate the situation and decide whether to grant approval.

What are my options for selling a leased vehicle?

To complete a sale and purchase contract for a leased vehicle, you have two options:

• Early lease payoff: this involves paying all remaining lease payments and any applicable fees and penalties.
• Lease transfer: transfer the lease to another person with the leasing company's approval.

What does early lease payoff entail?

Early lease payoff involves paying off all remaining lease payments, plus any applicable taxes and penalties. After this, you can sell the vehicle without restrictions using a sale and purchase contract template.

How does lease transfer work?

Lease transfer involves finding a new user to take over the lease under the same terms. The leasing company must approve the transfer, and the new user must meet the eligibility criteria.

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• pre-sale purchase agreement (template)
• termination agreement (template)
• addendum template
• NDA template

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