Section 1 - Party Identification
DELAWARE VEHICLE PURCHASE AGREEMENT
Date of Agreement: [[Date of Agreement]]
SELLER (Dealer / Private Party)
Name / Dealership Name: [[Seller Full Legal Name or Dealership Name]]
Dealer License Number (if dealer): [[Delaware Dealer License Number]]
Address: [[Seller Street Address]], [[Seller City]], Delaware [[Seller ZIP Code]]
Phone: [[Seller Phone Number]]
Email: [[Seller Email Address]]
BUYER
Name: [[Buyer Full Legal Name]]
Address: [[Buyer Street Address]], [[Buyer City]], [[Buyer State]] [[Buyer ZIP Code]]
Phone: [[Buyer Phone Number]]
Email: [[Buyer Email Address]]
Driver's License Number / State: [[Buyer Driver's License Number]] / [[Issuing State]]
Section 2 - Vehicle Description
| Field | Details |
|---|
| Year | [[Vehicle Year]] |
| Make | [[Vehicle Make]] |
| Model | [[Vehicle Model]] |
| Trim / Body Style | [[Vehicle Trim / Body Style]] |
| Exterior Color | [[Vehicle Exterior Color]] |
| Interior Color | [[Vehicle Interior Color]] |
| VIN (17 Characters) | [[Vehicle Identification Number (VIN)]] |
| License Plate (if transferring) | [[Current License Plate Number]] |
| Current Mileage (Odometer) | [[Current Odometer Reading]] miles |
| Title Number | [[Existing Title Number (if known)]] |
| Title State | [[Title-Issuing State]] |
Section 3 - Itemized Purchase Price
| Item | Amount |
|---|
| Cash Sale Price (before adjustments) | $[[Cash Sale Price]] |
| Trade-In Vehicle Allowance (credit) | - $[[Trade-In Allowance]] |
| Trade-In Payoff Amount (if financed) | + $[[Trade-In Payoff Amount]] |
| Dealer Documentation Preparation Fee (cap: $200) | $[[Doc Prep Fee - max $200]] |
| Dealer Accessories / Add-Ons | $[[Accessories / Add-Ons Total]] |
| Extended Warranty / Service Contract (if applicable) | $[[Extended Warranty Amount]] |
| GAP Insurance (if applicable) | $[[GAP Insurance Amount]] |
| Other Fees / Dealer Charges | $[[Other Fees Description and Amount]] |
| Subtotal (before taxes and government fees) | $[[Subtotal]] |
| Delaware Document Fee (4.25% of purchase price) | $[[Delaware Document Fee]] |
| Delaware Title Fee | $[[Title Fee]] |
| Delaware Registration / Tag Fee | $[[Registration / Tag Fee]] |
| Other Government Fees | $[[Other Government Fees]] |
| Total Amount Due | $[[Total Amount Due]] |
| Less: Deposit / Down Payment Paid | - $[[Deposit / Down Payment Amount]] |
| Balance Due at Signing / Delivery | $[[Balance Due at Signing]] |
> Note on Delaware Document Fee: Delaware's motor vehicle document fee (transfer tax) is 4.25% of the vehicle's purchase price, collected by the Delaware DMV at the time of title transfer. This fee is paid by the buyer unless otherwise negotiated. Source: Del. Code tit. 30, § 5116; DMV Schedule of Fees, 2026.
> Note on Dealer Doc Prep Fee: Dealer document preparation fees are capped at $200 in Delaware. Any dealer fee listed above must not exceed this cap. Source: Delaware DMV Dealer Regulations, 2026.
Section 4 - Payment Method
Select one:
- [ ] Cash / Certified Check / Wire Transfer - Full balance of $[[Total Amount Due]] due at time of delivery.
- [ ] Dealer-Arranged Financing - See Section 5 (TILA Financing Disclosure) for complete terms.
- [ ] Outside / Third-Party Financing - Buyer has arranged financing through [[Buyer's Lender Name]]. Loan approval letter / commitment required prior to delivery. Lender lien will be noted on title.
- [ ] Other: [[Describe Payment Method]]
Section 5 - Financing Disclosure (Truth in Lending Act - TILA / Regulation Z)
Complete this section only if the dealer is arranging or extending credit (retail installment sale). If the buyer is paying cash or using outside financing, mark "N/A" and skip to Section 6.
> Federal Law Disclosure (15 U.S.C. § 1601; Regulation Z, 12 C.F.R. Part 1026): When a dealer extends credit or arranges a retail installment sale, the following disclosures are required by the Truth in Lending Act. These figures must be accurate before the buyer signs.
| TILA Term | Amount / Rate |
|---|
| Annual Percentage Rate (APR) | [[APR]]% per year |
| Finance Charge (total cost of credit in dollars) | $[[Finance Charge]] |
| Amount Financed (net amount of credit extended) | $[[Amount Financed]] |
| Total of Payments (sum of all scheduled payments) | $[[Total of Payments]] |
| Total Sale Price (total cost including down payment) | $[[Total Sale Price]] |
Payment Schedule:
| # of Payments | Payment Amount | Payment Frequency | First Payment Due |
|---|
| [[Number of Monthly Payments]] | $[[Monthly Payment Amount]] | Monthly | [[First Payment Due Date]] |
Security Interest: The seller/lender retains a security interest in the vehicle described in Section 2 until all amounts are paid in full. The lien will be noted on the Delaware certificate of title.
Prepayment: The buyer [ ] may / [ ] may not pay the balance before it is due without penalty. If the buyer prepays, the buyer [ ] will / [ ] will not be entitled to a refund of part of the finance charge.
Late Charge: If a payment is more than [[Late Payment Grace Period (days)]] days late, the buyer will be charged $[[Late Fee Amount]] or [[Late Fee Percentage]]% of the overdue payment, whichever is greater.
Balloon Payment: [ ] No balloon payment. / [ ] Final balloon payment of $[[Balloon Payment Amount]] due on [[Balloon Payment Date]].
> The figures above are estimates if the loan has not been finally approved. Final TILA disclosures will be provided on the Retail Installment Sale Contract (RISC) at time of signing, which forms part of this agreement.
Section 6 - Federal Odometer Disclosure (Required by Federal Law)
> Federal Odometer Act (49 U.S.C. § 32705; 49 C.F.R. Part 580): Federal law requires the seller to disclose the vehicle's mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
Vehicle Identification Number (VIN): [[Vehicle Identification Number (VIN)]]
Odometer Reading at Transfer: [[Odometer Reading at Transfer]] miles
The seller certifies that to the best of their knowledge the odometer reading reflects:
- [ ] The actual mileage of the vehicle.
- [ ] Mileage EXCEEDS mechanical limits - The odometer reading is NOT the actual mileage. WARNING: Odometer has rolled over.
- [ ] Odometer reading is NOT the actual mileage - WARNING: Odometer discrepancy.
> Exemptions: Vehicles with a Gross Vehicle Weight Rating (GVWR) over 16,000 lbs, vehicles 10 model years old or older (as of the calendar year of transfer), new vehicles (prior to first retail sale), and certain other transfers are exempt from federal odometer disclosure requirements. Dealers transferring non-exempt vehicles to consumers must comply.
Seller Certification:
I, [[Seller Full Legal Name]], hereby certify the odometer reading stated above under penalty of law.
Seller Signature: ___________________________ Date: [[Date of Odometer Certification]]
Buyer Acknowledgment:
I, [[Buyer Full Legal Name]], have read and acknowledge the odometer disclosure.
Buyer Signature: ___________________________ Date: [[Date of Buyer Acknowledgment]]
Section 7 - Warranty / As-Is Status
Select one - this selection is binding:
Option A - As-Is / No Warranty (Most Common for Used Vehicles)
AS-IS - NO DEALER WARRANTY
> The vehicle described in this agreement is sold AS IS. The dealer/seller makes no warranty, express or implied, regarding the vehicle's condition, fitness, or merchantability. The buyer assumes full responsibility for the vehicle from the moment of delivery. Any existing defects, whether known or unknown to the seller, are the buyer's responsibility.
> Implied Warranties Disclaimed: To the fullest extent permitted by Delaware law, all implied warranties - including the implied warranty of merchantability and the implied warranty of fitness for a particular purpose - are hereby DISCLAIMED. This disclaimer is valid under Delaware's Uniform Commercial Code (Del. Code tit. 6, § 2-316) when made in a conspicuous manner in writing.
> Federal Warranty Rule (FTC Magnuson-Moss, 16 C.F.R. Part 455): Dealers selling used vehicles must display a Federal Trade Commission (FTC) Buyers Guide on the vehicle. A copy of the signed Buyers Guide forms part of this agreement. The Buyers Guide controls if there is a conflict between it and this agreement regarding warranty status.
[ ] Buyer initials confirming As-Is purchase: ______ / ______
Option B - Dealer Limited Warranty
The vehicle is sold with a Dealer Limited Warranty as follows:
| Warranty Component | Coverage Period | Coverage Details |
|---|
| Powertrain (Engine, Transmission, Drive Axle) | [[Powertrain Warranty Period]] | [[Powertrain Coverage Details]] |
| Bumper-to-Bumper / Comprehensive | [[Bumper-to-Bumper Period]] | [[Bumper-to-Bumper Coverage Details]] |
| Other Components | [[Other Coverage Period]] | [[Other Coverage Details]] |
Deductible per repair visit: $[[Warranty Deductible]]
A written warranty document describing covered components, exclusions, and claim procedures will be provided at delivery.
Option C - Manufacturer's Warranty (New Vehicle or CPO)
The vehicle is covered by the manufacturer's original warranty or a Certified Pre-Owned (CPO) warranty as described in the separate manufacturer warranty booklet provided at delivery.
Remaining Factory Warranty: [[Remaining Manufacturer Warranty Description]]
Section 8 - Trade-In Vehicle Description (if applicable)
Complete only if the buyer is trading in a vehicle.
| Field | Details |
|---|
| Year / Make / Model | [[Trade-In Year]] / [[Trade-In Make]] / [[Trade-In Model]] |
| VIN | [[Trade-In VIN]] |
| Odometer at Trade-In | [[Trade-In Odometer Reading]] miles |
| Existing Lien Holder (if any) | [[Trade-In Lender Name]] |
| Estimated Payoff Amount | $[[Trade-In Estimated Payoff]] |
| Agreed Trade-In Allowance | $[[Agreed Trade-In Allowance]] |
The buyer certifies they are the legal owner of the trade-in vehicle (or have authority to transfer it), that the odometer reading above is accurate, and that there are no undisclosed liens or encumbrances other than those listed above.
Trade-In Owner Signature: ___________________________ Date: [[Trade-In Signature Date]]
Section 9 - Cancellation / Rescission Policy
> Delaware does not provide a statutory 2-day right to cancel a used-vehicle purchase (unlike California, which offers a 2-business-day cancellation option under Cal. Veh. Code § 11713.21 for used vehicles priced under $40,000). Once this agreement is signed and the vehicle is delivered in Delaware, the sale is final unless:
- The dealer voluntarily offers a contractual cancellation option (described below), or
- The buyer has a legal rescission right under federal or state consumer-fraud law (e.g., the FTC Holder Rule, Delaware Consumer Fraud Act, Del. Code tit. 6, § 2511 et seq.).
Dealer Cancellation Option (if offered):
[ ] No cancellation option is offered. This sale is final upon signing.
[ ] Dealer offers a voluntary cancellation option: The buyer may cancel this agreement within [[Cancellation Window (e.g., 2 business days)]] business days of the date of delivery by returning the vehicle in the same condition as delivered (normal wear excepted), provided the buyer pays a cancellation fee of $[[Cancellation Fee]] or [[Cancellation Fee Percentage]]% of the purchase price, whichever is greater. To exercise this option, the buyer must deliver written notice to the dealer at the address in Section 1 before the cancellation window expires. This option is not a test drive; the buyer takes delivery and assumes all risk of loss during the cancellation period.
Section 10 - Delaware DMV Title Transfer Steps
After this agreement is executed and the vehicle is delivered, the following steps must be completed to transfer title in Delaware:
- Obtain signed title from seller. The seller must sign the back of the existing Delaware certificate of title (or out-of-state equivalent) in the "Seller's Signature" section and complete the odometer disclosure on the title if required.
- Complete Bill of Sale (Form MV-186 or equivalent). A Delaware Bill of Sale or this signed purchase agreement serves as proof of sale. Retain a copy for your records.
- Gather required documents. Buyer brings to the DMV: (a) signed title, (b) this signed purchase agreement or bill of sale, (c) government-issued photo ID, (d) proof of Delaware auto insurance (minimum 15/30/10 liability), and (e) payment for fees.
- Pay Delaware Document Fee (4.25%). The buyer pays the Delaware document fee (transfer tax) - currently 4.25% of the purchase price - directly to the DMV at time of title transfer.
- Pay title and registration fees. Current Delaware title fee: $55 (subject to change). Registration fees vary by vehicle weight and type.
- Receive new Delaware title and registration. The DMV issues a new Delaware certificate of title listing the buyer (and lien holder, if financed) and new registration/license plates (or transfers existing plates).
- Lien notation (if financed). If the vehicle is financed, the lender's name and address must be listed on the title application as the first lien holder. The lender typically holds the title until the loan is paid in full.
- Out-of-state titles. If the vehicle has an out-of-state title, the buyer must also complete a Delaware VIN inspection. Contact the Delaware DMV for current inspection requirements.
> All fees and procedures are current as of June 2026. Verify current fees at the Delaware Division of Motor Vehicles: dmv.de.gov.
Section 11 - Additional Conditions and Representations
Seller Representations:
- Seller represents that they have legal title to (or authority to sell) the vehicle and that the vehicle is free and clear of all liens and encumbrances except as disclosed in this agreement.
- Seller discloses the following known material defects or conditions: [[Known Defects / Disclosures - or "None known to seller"]]
- Seller discloses the following accident / damage history known to seller: [[Accident / Damage History - or "None known to seller"]]
- Seller discloses the following flood, fire, or salvage history: [[Flood / Fire / Salvage History - or "None known to seller"]]
Buyer Representations:
- Buyer has had the opportunity to inspect the vehicle and/or obtain an independent inspection prior to signing this agreement.
- Buyer acknowledges receipt of (check all applicable):
- [ ] Signed copy of this Purchase Agreement
- [ ] FTC Buyers Guide (used vehicles sold by dealers)
- [ ] Odometer Disclosure Statement
- [ ] Retail Installment Sale Contract / TILA Disclosure (if financed)
- [ ] Extended Warranty / Service Contract (if purchased)
- [ ] GAP Insurance Agreement (if purchased)
- [ ] Manufacturer's Warranty Booklet (new or CPO vehicles)
Section 12 - Governing Law and Dispute Resolution
- This agreement is governed by the laws of the State of Delaware, including the Delaware Uniform Commercial Code (Del. Code tit. 6) and the Delaware Motor Vehicle Code (Del. Code tit. 21).
- Any dispute arising from this agreement that cannot be resolved informally shall be submitted to [[Dispute Resolution Method: e.g., binding arbitration / mediation / Delaware Court of Common Pleas - Small Claims Division]] in [[Venue City]], Delaware.
- If any provision of this agreement is found to be unenforceable, the remaining provisions shall remain in full force and effect.
- This agreement constitutes the entire agreement between the parties regarding the sale of the vehicle described herein and supersedes all prior negotiations, representations, or agreements, whether written or oral.
Section 13 - Signature Block
By signing below, both parties acknowledge they have read, understood, and agree to the terms of this Delaware Vehicle Purchase Agreement.
SELLER
Signature: ___________________________ Date: [[Date Seller Signs]]
Printed Name: [[Seller Full Legal Name]]
Title (if dealer): [[Seller Title (e.g., Finance Manager / General Manager)]]
Dealer License #: [[Delaware Dealer License Number]]
BUYER
Signature: ___________________________ Date: [[Date Buyer Signs]]
Printed Name: [[Buyer Full Legal Name]]
Address: [[Buyer Street Address]], [[Buyer City]], [[Buyer State]] [[Buyer ZIP Code]]
Driver's License #: [[Buyer Driver's License Number]] / [[Issuing State]]
CO-BUYER (if applicable)
Signature: ___________________________ Date: [[Date Co-Buyer Signs]]
Printed Name: [[Co-Buyer Full Legal Name]]
Address: [[Co-Buyer Street Address]], [[Co-Buyer City]], [[Co-Buyer State]] [[Co-Buyer ZIP Code]]
Driver's License #: [[Co-Buyer Driver's License Number]] / [[Issuing State]]
Section 14 - Notary Acknowledgment (Optional - for Private Party Sales)
Not required for dealer sales in Delaware. Recommended for private party sales involving large transaction amounts.
State of Delaware
County of [[County Name]]
On this [[Day]] day of [[Month]], [[Year]], before me personally appeared [[Seller Full Legal Name]] and [[Buyer Full Legal Name]], known to me (or satisfactorily proven) to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Notary Public Signature: ___________________________
Notary Printed Name: [[Notary Full Name]]
My Commission Expires: [[Notary Commission Expiration Date]]
Notary Seal:
> ⚠️ Template example - not professional (legal/financial/medical) advice. This document is a general template for informational purposes only. Figures, fees, and legal requirements change frequently. All statutory figures (document fee rate, dealer doc prep fee cap, title fees) must be verified against current Delaware law and DMV schedules before use. TILA disclosures must be reviewed by a licensed finance professional. Consult a licensed Delaware attorney for transactions involving complex financing, disputes, or high-value vehicles. Sources verified as of June 2026: Del. Code tit. 6, tit. 21, tit. 30 § 5116; 49 U.S.C. § 32705; 15 U.S.C. § 1601; Delaware DMV Fee Schedule 2026; FTC Used Car Rule (16 C.F.R. Part 455).
