FREE 10+ Vehicle Exchange Agreement Samples in MS Word | Google Docs | Apple Pages | PDF

Do you have a vehicle that you plan to exchange with another type of vehicle? Car swapping, whether with dealerships or with private individuals, is a common practice that has been done countless times. It’s one way to save up a lot of cash since you don’t need to buy a brand new vehicle and it is also a good practice to salvage old vehicles since some dealerships or individuals fix the vehicle or sell it on an auction. When you get to working on exchanging your vehicle, you also need to create an agreement where you and the party you’re exchanging your vehicle with must sign to ensure that the whole process is legitimately done and you have proof that such transaction takes place. This article will guide you on how to make a vehicle exchange agreement.

Do you have a vehicle that you plan to exchange with another type of vehicle? Car swapping, whether with dealerships or with private individuals, is a common practice that has been done countless times. It’s one way to save up a lot of cash since you don’t need to buy a brand new vehicle and it is also a good practice to salvage old vehicles since some dealerships or individuals fix the vehicle or sell it on an auction. When you get to working on exchanging your vehicle, you also need to create an agreement where you and the party you’re exchanging your vehicle with must sign to ensure that the whole process is legitimately done and you have proof that such transaction takes place. This article will guide you on how to make a vehicle exchange agreement.

10+ Vehicle Exchange Agreement Samples

1. Vehicle Exchange Agreement Template

2. Commercial Vehicle Exchange Agreement

3. Vehicle Exchange Agreement Form

4. Vehicle Sales Exchange Agreement

5. Vehicle Management Exchange Agreement

6. Vehicle Information Exchange Agreement

7. Vehicle Data Exchange Agreement

8. Conditional Vehicle Exchange Agreement

9. Automated Vehicle Exchange Agreement

10. Motor Vehicle Exchange Agreement

11. Agreement for Vehicle Exchange

What is an Exchange Agreement?

An exchange agreement is a formal written document made between two individuals or businesses who are in the process of transferring property or goods with each other. Sometimes, the exchange agreement can also be used to replace a good or property to the seller.

Details to Include a Vehicle Exchange Agreement

1. Vehicles’ Owners Information

Write down the complete details of both parties involved in the exchange program such as their names and their address. Make sure that when you write their information, it should be accurate.

2. Proposed Date for Exchange

Include the agreed date of when you will do the exchange of vehicles process.

3. Description of the Vehicles

Write the complete details of the vehicles that are about to be exchanged such as their maker, model, the year it was made, and the registration number.

4. Registration and Insurance Details

Include more details regarding the vehicles’ registration and the insurance details that come along with it. State if the insurance is liable to cover other individuals who will use the car.

5. Restriction Details

If applicable, include details as to what each party has limits and restrictions on handling the car. For example, you can state what mileage limit the car can only reach and what areas are restricted for parking or driving.

6. Authorization Terms

Write down the name of the individuals who are authorized to drive the vehicles.

7. Signature Lines

Conclude the contract agreement by putting signatures lines where both parties put their signature and the date the agreement will be signed.

FAQs

Once you’re done drafting the agreement, make sure to review it first and check to see if there are any errors or wrong information being input. Discuss it first with your client and reach a mutual agreement with the contents first before you sign it. To help you get started making the contract, download our free sample templates above to use as your guide!