Part-exchange Sample Clauses

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Part-exchange. In the event that the Seller agrees to accept a used motor vehicle from the Purchaser as partial payment for the price of the Goods ("Allowance") such agreement shall be subject to the following conditions: a. The Purchaser warrants that; i. The purchaser has good title to the used motor vehicle and it is unencumbered by any third party interest whatsoever; or ii. The purchaser has declared all interests to which the used motor vehicle is subject and whether (if known) the used motor vehicle was when new supplied via the manufacturers official distributor for Great Britain. iii. The particulars of the used motor vehicle given by the Purchaser are correct and that so far as the Purchaser is aware the mileometer reading is accurate. ▇▇. ▇▇ far as the Purchaser is aware the motor vehicle has not been the subject of any accident or any other damage of whatsoever nature and howsoever caused or any insurance claims or total loss claims. b. and if any interests declared pursuant to clause ((a)) ((ii)) are capable of cash settlement the Seller may elect to discharge such interests and deduct expenditure from the exchange value offered; c.the used motor vehicle will be delivered in the same condition as the date it was examined by the Seller (fair wear and tear excepted); d. that the used motor vehicle shall be delivered upon collection of the Goods together with any spare key sets spare alarm remotes registration documents service documentation MOT certificate service invoices warranty documentation and all other appropriate documentation and with the registration book completed and for the avoidance of doubt the Purchaser shall not be permitted to collect the Goods until the used motor vehicle shall have been delivered to the Seller; e. title to the used motor vehicle shall pass absolutely on delivery to the Seller; f. the exchange value quoted by the Seller shall be binding on the Seller for one calendar month from the estimated date of delivery of the Goods and thereafter, on giving notice to the Purchaser, may be reduced at a rate of 2.5% per month provided that nothing in this clause shall affect the rights of the Purchaser under clause 2 ((c)). In the event that any of the warranties in clause 6 ((a)) prove to be untrue or a breach of clause 6(c), the Seller shall be entitled to revise the Allowance to take account of such breach and where there is a reduction in the Allowance the Purchaser shall be liable to pay the difference between the original and reduc...

Part-exchange if you wish to provide us with a car in full or partial consideration for the value of your car ("part exchange car”) you must be the registered owner of the car and must elect to undertake the part exchange on the site. Our valuations are underwritten by AnyColourCar if you have a part-exchange vehicle your personal information could be shared with AnyColourCar, under specific terms which are found h ere I. you must provide us with any information regarding the part exchange car which we may reasonably request. II. If we agree to consider your part exchange car, we require that you make the part exchange car available for our inspection on the delivery or collection of your car. We are not obliged to provide a part exchange option when selling the car to you and our decision to examine and value a part exchange car, including the valuation we give, is solely at our discretion. III. If your part exchange car has outstanding finance, you must declare this to us when providing details of your part exchange car. You must provide accurate information about your finance provider and the settlement figure. IV. To use your part exchange car with outstanding finance to contribute towards the purchase of your car: you must have a settlement letter from your finance provider that is valid for not less than 7 days after the date of delivery or collection of your car; and the amount of the outstanding finance must not exceed our valuation of your part exchange car. If you don’t meet these conditions, we won’t be able to accept your part exchange car. V. We don’t have existing relationships with all car finance providers. So, if your part exchange car has outstanding finance, we might need your help contacting your finance provider to clear the outstanding finance on your part exchange car, both before and after you hand over your part exchange car to us. you agree to provide any information and assistance that we reasonably request to do this. If your finance provider refuses or otherwise fails to clear the outstanding finance on your part exchange car, we may require you to make an additional cash payment equal to the outstanding finance amount or to return your car to us. we will contact you if this happens. VI. For the avoidance of doubt we are entitled to amend any valuation for, or reject, a part exchange car for any reason, including but not limited to circumstances where a part exchange car: ● has changed condition since we provided the part exchange car valuat...

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Part-exchange. 8.1. if the buyer chooses to use a vehicle as part exchange, the value agreed by Norwich Cars and Vans will only be taken off the purchase price of the vehicle agreed to be supplied, if the following conditions apply: (i) the buyer owns the vehicle to be taken in part exchange absolutely and can transfer ownership to Norwich Cars and Vans, or (ii) if another party has interest in the vehicle the buyer will settle that interest, so Norwich Cars and Vans becomes absolute owner when delivery is taken, unless otherwise agreed in writing. 8.2. if Norwich Cars and Vans examined the part exchange before entering into this agreement with the buyer, the vehicle shall be delivered in the same condition but allowing for the fair wear and tear which may have occurred in the meantime. Norwich Cars and Vans, reserves the right to make further part exchange price reductions for any mechanical/cosmetic differences outside the fair and tear. 8.3. Norwich Cars and Vans must have the part exchange vehicle on or before the date the buyer takes delivery of the vehicle ordered. Ownership of the part exchange vehicle will transfer to Norwich Cars and Vans when the buyer takes delivery of the vehicle ordered. 8.4. if the buyer fails to satisfy any of these conditions the company will not be obliged to accept the part exchange or to make any allowance for it, and the buyer, might as a result, be required to pay the whole purchase price for the vehicle ordered before delivery can be taken.

Part-exchange. 4.1. Where the Seller agrees to allow part of the purchase price of the Goods to be paid by the Buyer delivering a used vehicle to the Seller, such allowance is agreed to be given and received and such used vehicle is agreed to be delivered and accepted as part of the sale and purchase of the Goods subject to the condition that when such used vehicle is delivered to the Seller after examination by the Seller, the used vehicle shall be delivered in the same condition as when originally examined subject only to fair wear and tear and provided always that either:- 4.1.1. the used vehicle for which the Buyer receives such allowance must be his or her property absolutely and not the subject of any hire purchase agreement or other legal encumbrance whatsoever; or 4.1.2. if such used motor vehicle shall be the subject of a hire purchase transaction then such hire purchase transaction must be capable of early settlement by the Seller and the Total Retail Price due to the Buyer shall be reduced by the amount of such settlement. 5.1. If the Buyer shall fail to take and or pay for the Goods within fourteen days after written notification by the Seller that the Goods are ready for delivery, the Seller shall be at liberty to treat the contract as repudiated by the Buyer, and thereupon the deposit shall be forfeited and any sums paid by the Buyer shall be returned less a sum equivalent to a reasonable administration fee, any damages, loss or expenses which the Seller may have suffered or incurred by reason of the Buyer’s default (including as a result of selling such vehicle at a lower value) and/or storage costs and the Seller shall be under no further liability to the Buyer. 5.2. The Seller may, at its option following such repudiation elect to return any part-exchange vehicle or to retain it at any agreed trade-in price (in which case the agreed trade-in price shall be treated as part of the sums paid for the purpose of this clause). This clause 5 shall be in addition to and without prejudice to the Seller’s right to recover from the Buyer by way of damages any loss or expense which the Seller may suffer or incur by reason of the Buyer’s default.

Part-exchange. 14.1 Where the Seller and the Buyer have agreed that payment of any part of the contract price shall be made by the Buyer transferring to the Seller ownership of specified goods of the Buyer then the Buyer warrants: 14.1.1 that it has at the contract date and will have at the date of delivery good and marketable title free of any lien, charge or encumbrance to the specified goods; and 14.1.2 that the specified goods will be in the same condition at the date of delivery as they were when inspected by the Seller. 14.2 Title to the goods shall be transferred by the Buyer making delivery to the Seller's premises at Falkirk, Scotland. 14.3 The Seller may at its sole discretion reject the goods delivered and recover from the Buyer the resulting unpaid balance of the Contract Price if upon inspection by the Seller the said goods are found not to be as represented originally by the Buyer or as inspected earlier by the Seller or his representative.