The act of buying a car is always accompanied by the execution of the relevant documents. Any car dealership will give you a complete set of papers. However, the matter becomes more complicated if you have to buy or sell a car from hands on in installments. There is also a legal basis for this case.
Some car owners are still buying and selling their cars under a general power of attorney. However, this method will not work if you decide to take your purchase seriously. The car can become your complete property only with the appropriate execution of all the necessary documents. And if, with full payment for a car with papers, everything is more or less clear, then what if the car is sold in installments?
Obligations, guarantees
If you are a buyer, the first thing to look out for is that there are no debts in payments related to the car and property rights. All taxes must be paid, otherwise you will have to pay. Therefore, ask the seller to provide the appropriate receipts, checks. The next step is to confirm the ownership of the car by the owner. Those. he must provide a technical passport, a technical standard, a certificate of passing MOT. It is also worth making sure that third parties do not have the rights to the car (which is quite rare).
Next, you need to draw up an agreement on the purchase and sale of a car in installments and an act of acceptance and transfer of the car. The last document is filled in by the seller or notary. Both parties must fulfill their obligations under the agreement, including not disclosing the terms of the transaction to third parties.
Payment
Because the car is bought in installments, then the documents must indicate the conditions for making payments. The contract specifies the number of stages (for example, 5 months) and the amount to be paid. There should also be the day of the month when the next installment is expected. If the buyer does not pay the required amount within the agreed period, then the seller has the right to demand the return of the car. At the same time, according to the Civil Code of Russia, an unscrupulous buyer will be forced to pay also a penalty (interest), which is also determined by the Civil Code of the Russian Federation. There is a "nuance" here: if the buyer managed to pay half of the required money, then he has the right not to give the car. The seller can only demand the remainder of the payment.
Additional points
In some cases, it makes sense in the contract to list the documents transferred with the car, as well as some items in the form of a fire extinguisher, jack, winter or summer tires, spare ignition keys, alarm key fob. The price can be requested in foreign currency, but it is better to take money in a local one. A prerequisite for the buyer when buying is a visual inspection and "test drive". After the parties have signed the agreement, the transaction can be considered completed.
