what is a sales contract ???

Conditional Retail Sales Contract

All vehicles sold must use a conditional sales contract.

The required disclosures on this form are mandated even in all cash sales.

The TriStar Motors LLC spreadsheet is formulated to assist you in completing this document.

Once the buyer signs the numerous provisions on this contract the buyer is given a copy.

We do not include this document in the transfer package sent to the DMV.

This document is stored in the selling dealers location in the deal jacket.

Spanish Copy, Spoken Language Disclosures

If the buyer has a Spanish surname, whether the buyer speaks Spanish or not, the selling dealer must offer Spanish copies of the Car Buyer Bill of Rights Option Form, The Federal Buyers Guide and the Conditional Sales Contract.

We offer a Spanish copy offer in our forms starter kit.

The selling dealer provides blank Spanish forms.

We include this document in the transfer package sent to the DMV.

Click here to order the gotplates retail car dealer starter kit:

http://www.gotplates.com/books.php

When the seller speaks any of 30 languages to the buyer and the buyer also speaks that language the selling dealer must offer copies of the Car Buyer Bill of Rights Option Form, The Federal Buyers Guide and the Conditional Sales Contract in the spoken language.

Spoken Languages copies for 30 languages can be obtained from Jody Forster

http://www.formslady.com

If the buyer speaks the spoken language to the customer

The blank forms must now be completed

But the buyer does not sign them.

The English version of each document is signed as the document of record

If the selling dealer and the buyer speak one of 30 languages and the selling dealer does NOT have the required copies we suggest a DMV statement of facts REG256 describing the languages spoken and that both buyer and seller accept English only documents as a waiver to this regulation.

We include this document in the transfer package sent to the DMV.

If the selling dealer does NOT offer documents in the spoken language and does not prepare the waiver the entire sales transaction is at risk of an unwind with penalties.

Report of Sale

The REG 51 must be completed by the selling dealer for each retail sale’

This four part form must be signed by the selling dealer and the buyer.