Buying a car from a friend need a agreement

sjreilly72

As the title says , I have just passed my test:j:beer: and I am buying a car from a friend. As much as I trust this friend I want to cover myself, therefore I need a agreement that we can sign. I have looked on the internet and all the agreements you have to pay for :mad:. Does anybody out there know of a free agreement I can either copy and paste or just fill in and print. :T

Thanks in advance

Serena x

TonyMMM

What sort of an "agreement" are you expecting .... wouldn't a simple receipt be enough ( e.g "Received the sum of £xxx in full payment for motor vehicle A123BCD") ?

Then all you need to do is make sure you both fill in and send off the relevant bits of the registration document (V5).

djheath

What do you want to cover yourself from?

If from mechanical or history problems, then get a mechanic to look at the car. Get a HPI check on the car. Buy a Warranty from a warranty company.

Other than that all you need to do is pay your friend, fill in the reg doc and both or you sign a receipt which says when (time and date) you bought the car, mileage, reg number and how much you paid.

That's about it!

Congrats on passing by the way!

masterlumps

what kind of agreement? its a second hand car you are buying from a freind, presuming he doesnt own his own garage i dont think he will be offering any kind of warranty

maninthestreet

Don't buy a car from a friend if you are expecting some sort of come-back if it turns out to be faulty.

Ebe_Scrooge

Cars sold privately are generally "sold as seen", you have no comeback if anything goes wrong ( there are a few exceptions, but that's generally the case ). That's why some people choose to pay a higher price from a dealer, against whom you DO have some comeback.

If you were buying from someone you didn't know, it would be sensible to get an HPI check to make sure it's not stolen or subject to finance.

Given that you're buying from a friend, you may feel you don't need to do this - that's your call.

Other than that, anything that may go wrong with the car is your problem. If your friend is a good friend, he / she may warn you of things that have given problems in the past, or parts that he knows are on the way out. But assuming he's not a mechanic, you can't blame him if something goes wrong in a few weeks time.

The only thing you can do is get a mechanic to look over the car for you and re-negotiate the price if he finds something wrong. But that may cause a strain on the friendship :-)

Buying a car from a friend is sometimes a bad idea .......

discplayer

maninthestreet wrote: »

Don't buy a car from a friend if you are expecting some sort of come-back if it turns out to be faulty.

Very wise words.

jd82

An HPI check is still vital. Your friend may not know its history so may tell you the car is clean when they may not know. It could be stolen, have finance owing on it, be a cat C etc.

King_Nothing

What I would do is, if you really want to cover all the bases is;

HPI check
Check the VIN locations for signs of damage or alteration
Get an RAC/AA/Mechanic check thing done on it
Negotiate price, and fill in V5, and post it off

Going into the realms of agreements between friends if your looking to cover faults in the car might be better covered with a third party warranty company.

Gavin83

If you want my advice, and Im talking from experience here, don't buy a car from a friend.