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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.
Buying a car through hire purchase. Car hire purchase (HP) is probably the simplest type of car finance plan. After paying a relatively low deposit, you hire your car with the option to buy it by the end of the contract. Here are the facts you need to decide whether a hire purchase agreement could be the right car-buying option for you.