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Loan of Personal Vehicle Agreement Template - South Africa
R 424.78
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Loan of Personal Vehicle Agreement Template - South Africa
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 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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