What Is a Buyer’s Order?

A buyer’s order is a contract detailing the terms agreed upon by the buyer and seller. Although it contains the price of the vehicle, information on the buyer and the dealership selling the vehicle, and other pertinent information, it is not the same as the sales contract for the vehicle.

The buyer’s order contains a detailed description of the vehicle being purchased, including its make, model, colour, and any requested enhancements, such as warranties, vehicle options, and alarm systems. The agreed purchase price should also be included in the buyer’s order, along with the vehicle identification number (VIN), if one has been assigned. The buyer’s order is a legally binding contract, and by signing the paper, both parties agree to proceed with the sale. However, money is typically not exchanged at the time a buyer’s order is issued because the order must first be reviewed and approved by the seller.

Typically, the buyer’s order includes a complete analysis of all vehicle-related expenditures, including dealer’s fees, paperwork fees, and taxes. Before signing the contract, Auto Trader urges purchasers to carefully review these orders and confirm that they understand and agree with all the data.

Joel Gomez
Joel Gomezhttps://www.gadgetclock.com
Joel Gomez is an Avid Coder and technology enthusiast. To keep up with his passion he started Gadgetclock 3 years ago in 2018. Now It's his hobby at the night :) If you have any questions/queries and just wanna chit chat about technology, shoot a mail - Joel at gadgetclock com.

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