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Loan of Personal Vehicle Agreement
Loan of Personal Vehicle Agreement
Original price was: R 753,82.R 527,67Current price is: R 527,67.
Contract outlining terms for lending personal vehicle in exchange for monetary compensation.
- Flexibility in repayment terms.
- Ability to retain ownership.
- Clearly stipulated Terms and Conditions.
LOAN OF PERSONAL VEHICLE AGREEMENT TEMPLATE
Summary There may be situations where you lend your own vehicle to friends, family or acquaintances for a certain period of time. A Loan of Personal Vehicle Agreement can be used to set out the terms of the vehicle lending arrangement, and helps to provide the owner or lender of the vehicle some level of protection in the event of any loss or damage as a result of the borrower using the vehicle.
Why do I need a Loan of Personal Vehicle Agreement? The Loan of Own Vehicle Agreement sets out the terms on which your personal vehicle is lent to another person. The terms and conditions limit what the borrower is able to do with the car, for example s/he may not enter racing competitions using the vehicle. The template contract also specifies that the borrower is to pay for any damages to the vehicle while in his/her possession, as well as any speeding tickets and other traffic fines.
What does this template contract say? The document consists of: Lending and condition of the vehicle; Conditions of use; Insurance; Undertakings, Indemnities and Warranties.
What does the template look like? The agreement can be printed onto two pages.
What do you need to do to use this template?
- Read the sample Loan of Vehicle document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and get the driver to sign.
Also viewed: Terms of Use of a Courtesy Car
Also known as: Terms of Use of a Loan Vehicle; Loan of Personal Car Terms and Conditions; Conditions of Use of a Vehicle; Loan of Car Agreement
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Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.
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