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Car dealerships use a car purchase agreement, or car sale agreement, to finalize a sale. These contracts serve as a sales agreement between the buyer and seller. If you are purchasing a used vehicle from a private seller, the seller may ask you to sign a bill of sale, which is a very simplified form of car purchase agreement.
With a Purchase Agreement, normally what you find is language that says that as long as the purchase order issued complies with the terms of the Purchase Agreement it is issued under, that order is binding and enforceable. The difference between the two has nothing to do with the time period involved. A Blanket Purchase Order may be for long period and a purchase agreement may be for a very short period. The difference has nothing to do with the volume involved.