San Francisco, Calle 72, Este and Avenida Los Fundadores
R.U.C. 1537561-1-654867 D.V 39
Phone 388-8564
ventas@f ullcarspanama.com
www.fullcarslcarspanama.com

Among the undersigned, namely, FULL CARS, inc., a corporation registered under the laws of the Republic of Panama, duly registered in the Commercial Folio 654867 of the Commercial Section of the Public Registry, who hereinafter will be referred to as THE SELLER, on the one hand, and on the other.

Adult
Domiciled in
cell phone number
email
and whoever hereinafter will nominate THE Buyer

FIRST: (Declaration of Ownership) THE SELLER declares and so declares, that he is the owner of the car described below that is described and detailed:
PLAQUE:
BRAND:
MODEL:
GUY:
COLOUR:
YEAR:
TRANSMISSION:
CURRENT MILEAGE:
MOTOR No.
CHASSIS No.
MUNICIPALITY OF:
FUEL:

SECOND: (Contract Amount) THE SELLER declares that the agreed price and is accepted by THE BUYER, will be paid or financed as follows:
ORIGINAL PRICE
DISCOUNT
I.T.B.M.S.
FINAL PRICE
FERTILIZER
BALANCE
PAYMENT METHOD
FINANCING WITH
FINANCING AMOUNT
TRANSFER

THIRD: (Administrative Expenses)
The final sale price of THE VEHICLE, described in the previous article, does not include.
*Transfer of the vehicle.
* Registration in the corresponding Municipality.
Processing fees.
*Other additional services.
The expenses detailed in the preceding paragraph must be paid in advance and separately by THE BUYER in favor of THE SELLER, for the registration and transfer of the car as part of the commercial transaction, which entails the delivery of the corresponding receipts.

FOURTH: THE BUYER declares that it undertakes to pay any outstanding balance within a period not exceeding (-) days.
counted from the signing of the contract.

FIFTH: Both parties establish that, once the entire final price has been paid by THE BUYER, THE SELLER, will proceed to carry out the transfer of
THE VEHICLE IN FAVOR OF THE BUYER AND WILL DELIVER THE CORRESPONDING DOCUMENTS.

SIXTH: THE BUYER, declares that he has been informed of the state of THE VEHICLE, which is acquiring in its mechanical elements, fundamental components, its age and mileage.
Likewise, THE BUYER states that he has carried out a test drive on THE VEHICLE in the facilities and vicinity of THE SELLER’s company, and that he has personally inspected it with the evidence that he has freely deemed relevant; including the technical inspection by a mechanic paid for at his own expense, in case he considers it necessary.
Therefore, he knows the conditions in which THE VEHICLE is.

SEVENTH: The buyer accepts that the vehicle is used, so its parts and pieces are also used, which may or may not be factory-made.

OCTAVE: Both parties, by mutual agreement, establish that in cases where the VEHICLE is physically delivered in favor of the BUYER, which acquires at the signing of this contract, not yet transferred, the same will assume directly and personally the responsibility in the legal cases in which they could face its improper use, possession, delegation or assignment to third parties of THE VEHICLE, for which it states that THE SELLER and so agreed, will be excluded and relieved of any liability in civil, criminal, administrative matters and before any authority, even if they have not been described in this contract.

NOVENA: THE BUYER accepts that, upon transfer of this contract, he/she has the obligation to take out a vehicle insurance policy, with the necessary coverages and
The limits of liability established in the market for the vehicle.

DECIMA: There will be no liability of THE SELLER, for breakdowns or deficiencies of the vehicle, appearing after the delivery of the same, when these circumstances occur or are motivated by its improper use; or as a result of force majeure, theft, theft, negligence, accident or lack of maintenance advised by the manufacturer, as well as defects existing at the time of delivery of the vehicle, provided that they have been known and consented to by THE BUYER and the BUYER persists in his desire to acquire the vehicle, in which case, the corresponding repair will be the exclusive responsibility of THE BUYER, which will be duly stated in the attached document of terms and conditions of the warranty.
which forms an integral part of this contract.

ELEVENTH: (Guarantee):
THE SELLER grants THE BUYER, and the BUYER so ACCEPTS, a WARRANTY of SIX (6) MONTHS or FIFTEEN THOUSAND (15,000) kilometers, whichever occurs first on THE VEHICLE, as established by the legal regulations on this matter.
The warranty EXCLUSIVELY covers labor and replacement charges for defects in the transmission’s engine and internal gearing that make it impossible to properly operate.

Consequently, it is established that the warranty does NOT include coverage in the following objects or situations that limit its normal use, as well as could Present THE VEHICLE:

Problems with the radiator, electrical system, alarms, suspension, steering, shock absorbers, glass or glass, lamps, bulbs, tires, alignment, balance, wheels, rearview mirror or mirrors, whistles, timing belts, brake systems, alternators, batteries, starter motor (clutch or clutch), rack, exhaust system, electrical sensors, radios or sound equipment, paint, bodywork, head, upholstery, maintenance wear parts, Normal wear or tear of any component, noise and bad smells.

Damage observed due to engine overheating will be observed if applicable due to lack of water, broken hose or any damage to the engine due to lack of any engine of the car.

Damage to the air conditioning system.

The warranty does not include, in addition: Costs for unavailability of THE VEHICLE while it is under repair, storage expenses.
transport, crane or towing costs, or any type of fuel.

In order for the warranty to be valid and remain in force, THE BUYER must perform the first preventive maintenance within a period of no more than FORTY-EIGHT, hours after THE VEHICLE is delivered.
The following preventive maintenance must be carried out on the VEHICLE every 5,000 kilometers or every 3 months.
This maintenance may be carried out at the agencies that represent the brand or at the workshop authorized by ELSELLER.

To confirm that the maintenance was carried out on time, THE BUYER must keep the original invoices for said maintenance, otherwise the warranty will not be valid.

Grounds for Exclusion of the Warranty:

For the incorrect use and/or omission of the instructions indicated in the manual of THE VEHICLE”
failing to comply with the 48-hour period indicated to carry out the first maintenance on THE VEHICLE.
The lack or omission of adequate preventive maintenance.
Maintenance and/or repair was performed by an unauthorized workshop or person.
The use of spare parts or components other than the original components.
Crash or collision.
Use of THE VEHICLE for commercial activities (not limited to *taxi, taxi-tourist, public transport and/or rental.
Use of THE VEHICLE for “off road” activities or unpaved streets.
Modification of the order.
THE SELLER declares and THE BUYER accepts it, that it is not responsible for the good or bad functioning of the airbags of THE VEHICLE, as well as THE SELLER and so accepts THE BUYER, for damages, alteration or any defect that the odometer described in this contract presents at the time of sale and that none of these aspects may be a cause for claim, accusation or demand of any kind.
For the validity, extension and coverage of the warranty, THE SELLER.
will notify the BUYER of the authorized workshop or workshops to carry out the corresponding diagnosis or revision and proceed with the necessary repairs or adjustments of THE VEHICLE.
THE BUYER declares that, in the event of receiving a discount, it will be used to repair any damage mentioned in this contract, exempting THE SELLER from future liability for such damage or breakdown.
For the purposes of calculating the term of the guarantee, it will come into force as of the date of subscription of this contract.

TWELFTH: This sale is constituted in accordance with the laws of the Republic of Panama.
All disagreements, controversies or conflicts arising between two or more parties by reason of the interpretation or execution of this Agreement shall be subject to the laws of the Republic of Panama.

THIRD ORDER: THE BUYER declares and acknowledges it: To have received an original of this contract; That the vehicle in question has its original engine and chassis number without any alteration; That in case of receiving a discount, this will be used to repair any damage mentioned in this contract, exempting Full Cars lNC from future liability for said damage or breakdown; I have received the vehicle to our complete satisfaction.

THE CONTRACTING PARTIES, after reading the contract, approve and sign this document in two originals of the same tenor and content, as a sign of acceptance.

Signed in the city of Pan8má in two copies, at _______________ (_____) del_________.

BY THE SELLER,

FULLCARS, INC