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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.
Lease purchase is an alternative way to buy a home. A lease purchase agreement is an alternate way to buy or sell a home. Lease purchases help buyers who are having difficulty qualifying for a mortgage, and they help sellers get a better price in a tough market. The details of individual lease purchase agreements can vary, but the basic structure is widely used.