Get it in writing.

[danno711]

You might be in the market to purchase a bike or you might be selling yours.
It's best to always get your agreement in writing.

After reading a few examples of Buyer/Seller Agreements form various dealers, I came up with my own version and thought I'd share it. Might come in handy if you ever find yourself in a selling or buying scenario...

This particular version includes room for a nonrefundable deposit.
Paying in full? Just put a zero or NA


Feel free to critique it...Would you add something or take something out?

NON-REFUNDABLE DEPOSIT AGREEMENT
I, ___________________________ (print name), hereinafter referred to as
“Buyer,” agree to pay the amount of $_____________ as a NON-REFUNDABLE
DEPOSIT toward the purchase of a scooter, to be sold AS IS, and acknowledging the representation to be accurate, to the Buyer, _______________________(print name) hereinafter known as “Seller,” owner of said vehicle.

VIN #/Make/Model:____________________________________________ ________

Seller hereby agrees in consideration of payment of said NON-REFUNDABLE
DEPOSIT to withdraw said scooter from the market until the above purchase of said scooter has been completed, and upon receipt of the remaining amount due for the purchase by the Buyer.

Buyer understands, acknowledges, and agrees that if he fails to pay the Seller the remaining amount due, when it is due, for the purchase of said scooter, the NON-REFUNDABLE DEPOSIT shall be forfeited. Buyer understands and agrees never to dispute representation of said scooter, sold AS IS, without any kind of warranty.

The seller understands, acknowledges, and agrees that if the condition of the scooter changes from the date of the deposit and the date the balance is due, or if the said scooter is found by a reputable 3rd party to be inaccurately or deceptively described by the seller, than the agreement shall be void and deposit will be returned to said buyer.

Purchase Price of said scooter Vin # ____________________

Deposit Amount for said vehicle ________________________

Balance Due ________________________________________

Date balance is to be received by: _____________________________
If balance is not received by the above date, the buyer forfeits the deposit.



Agreement by Buyer:

__________________________________________________ ________
(Print name/Signature/date)


Agreement by Seller

__________________________________________________ ____________
(Print name/Signature/date)