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Contracts

With any vehicle purchase, if you have specific requirements, now is the time to set them out in writing. Your requirements could include the obtaining of finance, a mechanical inspection or ensuring you receive certain agreed vehicle specifications such as colour, build date or delivery date for new vehicle purchases.

Such clauses might specify that:


When purchasing a second-hand vehicle from a licensed dealer, the contract should include Form 5 particulars (or Form 6 for motorcycles). Form 5 particulars include details such as:

The contract should also include information about your cooling off rights.

The dealer should provide you with an exact copy of the Form 1 (Section 16 Notice) that was displayed on the vehicle, and the Form 3 (Notice to Purchaser). The Form 1 gives a description of the vehicle and its price, the last owner, the dealer and information about duty to repair. The Form 3 confirms you as the actual purchaser of the vehicle and is a certification by the dealer that the information in the Section 16 Notice (Form 1) is correct. (For motorcycles, Form 2 and 4 apply).

Read and make sure you understand the form and check that the sale details and costs are correct before you sign it. Never sign an incomplete contract, and remember to keep a copy of what you sign. If you are unsure about anything in the contract, DON'T SIGN IT.

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