![]() ![]() This is the unique number assigned to every vehicle that can typically be found on the driver-side dashboard nearest the windshield.Īn important area of the contract is the truth-in-lending disclosure area. The contract will also list the vehicle identification number or VIN. ![]() ![]() Basic information includes your name and address as well as the seller's name and address. Fortunately, car sale contracts are relatively simple. Components of a Contractįord also explains that to fully understand the contract, you need to recognize all of its components. Here's everything you need to know about a car sale contract so you're prepared when it comes time to make a purchase. An official contract is involved in the overwhelming majority of car sales and functions as an agreement between you and a dealer in which you promise to pay the cost of the vehicle in installments over time in addition to interest, according to Ford. ![]()
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