The Auto Consignment Form serves as a crucial document in Singapore's automotive market, providing a structured framework for vehicle owners to entrust their vehicles to professional dealers for sale. This document becomes necessary when vehicle owners prefer to delegate the sales process to experienced professionals while maintaining ownership until the final sale. The form includes comprehensive details about the vehicle, pricing terms, commission structures, and responsibilities of both parties, ensuring compliance with Singapore's automotive regulations and consumer protection laws. It's particularly important in protecting both parties' interests and establishing clear parameters for the consignment arrangement.
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1. Parties: Details of consignor and consignee
2. Background: Context of the consignment arrangement
3. Definitions: Key terms used in the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, registration number, chassis number
5. Consignment Terms: Duration, pricing, commission structure
6. Responsibilities: Obligations of both parties during consignment period
7. Insurance and Liability: Coverage requirements and risk allocation
8. Payment Terms: Payment process and timeline
1. Financing Declarations: Required if vehicle has existing loan - to be included when vehicle has outstanding financing
2. Marketing Rights: Permission to advertise vehicle - to be included when specific marketing arrangements needed
3. Maintenance Agreement: Vehicle maintenance during consignment - to be included for long-term consignments
1. Schedule 1 - Vehicle Condition Report: Detailed assessment of vehicle condition at time of consignment
2. Schedule 2 - Vehicle Documentation: Copies of registration, insurance, maintenance records
3. Schedule 3 - Pricing Schedule: Agreed pricing structure and commission rates
4. Schedule 4 - Vehicle Photos: Documentary evidence of vehicle condition
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