![]() As a whole, the contents of the deed of sale should indicate exact details of the transaction-think of it as a detailed summary report of the transaction. Once furnished, the deed of sale should then be signed by both the seller and the buyer. In addition, the deed of sale should include the details of the buyer such as the full name and address. It should also have the personal details of the seller, which includes the Full Name, Marital Status, Address, and the Exact Amount of the Vehicle sold. The deed of sale should have the details of the motor vehicle such as the Make, Color, Body Type, Plate Number, Model, and Engine Number. ![]() What details should be indicated in the Deed of Sale? As a result, it will defeat the main purpose of the deed of sale, which is to protect both the buyer and the seller. The document should then be notarized by a lawyer, otherwise, it will have no power when presented to authorities or court. The deed of sale is drafted by the seller and it includes the details of the transaction. With this, the deed of sale protects both the buyer and the seller should disagreements or problems arise in the future. Specifically, it serves as proof that both the buyer and the seller have reached an agreement of sale or purchase. The deed of sale is a legal document that proves and records the sale of a vehicle. Here are the things you should know about the deed of sale. With that in mind, if you prefer to purchase a used car, you should then be aware of the term 'Deed of Sale.' The said term is a legal document that every buyer and seller of used cars should know because a deed of sale can save you a lot of headache when things go out of hand. As such, Filipinos living and/or working within Metro Manila tend to buy a brand-new or a used car just to be able to arrive at work on time. The reason for this is that the Philippines' urban jungle lacks a decent and reliable public mass transport system. Driving a car to get to and from a certain place in Metro Manila is considered by many as the most comfortable means of transportation.
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