When signing a transaction, you must indicate the real value of the car, state the seller’s guarantees that the car is not pledged, as well as his obligation to provide a full refund in case of claims. Maxim Shelkov, head of the Autocriminalist expert center, told Motor magazine about this.
“The car purchase and sale agreement should indicate that the seller guarantees that the car is free from claims of third parties, is not pledged and is not the subject of a dispute. It is also necessary to provide a clause stating that in the event of claims being made on the merits of the contract, the seller undertakes to return the buyer’s money in full within a certain period of time,” Shelkov listed in an interview with Motor magazine.
If payment is made in cash, the seller must certify with his signature that he has received the money in full. If by non-cash means, you need to provide the bank details to which the money was transferred, he added.
According to Shelkov, it is extremely important to indicate in the sales contract the real value of the car, and not the underestimated one. If there is a need to challenge the transaction in court, only the amount specified in the document can be returned by court decision.
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