R & M Enterprises • 3
Stadler Street, Box 951, Belchertown, MA 01007 (413) 785 1665
Sales and Leasing of Fine European Vehicles
PURCHASE TO ORDER AGREEMENT
Buyer:
Danielle Putnam
87 Old Sudbury Road
Cambridge, MA 02141 |
Sale
date(s): July 22-Sep 20 2000
Auction location(s): Manheim, PA |
Phone:
000 000 0000W / 000 000 0000H / 000 000 0000FAX
Deposit received: $4,000
Maximum bid: $20,000 max total cost
Description of vehicle to be purchased: 97-8 Infiniti I30
or Acura 2.2CL. Must be 5 speed. Colors: black, navy, champagne,
silver. Prefer leather and CD.
Definition: This is an agreement between J E Robison Service
Co Inc, d/b/a R&M Enterprises of 3 Stadler Street in Belchertown,
MA 01007 and 347 Page Boulevard in Springfield, MA (hereafter
referred to as R&M) and the buyer listed above. It is understood
and agreed that buyer has engaged and authorized R&M to purchase
a vehicle for buyer’s use. It is understood that the final
cost of the subject vehicle will depend upon price paid by R&M
plus any service required, and cannot be fixed in advance.
Process and costs: It is understood that this vehicle is
to be purchased at the auction(s) specified above on the date(s)
shown above. After reviewing the auction choices, R&M’s
appraiser will discuss offered vehicles with buyer prior to bidding,
and bid according to buyer’s direction. The general guidelines
furnished by the buyer are shown above. The buyer understands
and agrees that the vehicle cost will be determined as shown below.
Initial here only ______ if R&M is authorized to bid without
contacting you first.
- Cost of the vehicle on the auction block (bid) including the
auction’s fee (generally $500 to $900 depending on block
price);
- R&M agent’s fee — the greater of $600 or 6%
of the block price;
- Shipping, travel and cellular phone costs for R&M’s
buyer (usually $350-400);
- Any service or repair necessary, in R&M’s judgment,
to render the vehicle safe and usable for a period of at least
90 days or 3,000 miles following delivery to the buyer.
- Any cleanup, service, or addition of accessories such as telephones,
floor mats, etc. which may direct or approved by buyer.
Payment: In the event a vehicle is purchased, customer
agrees to pay R&M the sum of the balance of items 1-5 above,
not later than four days prior to delivery.
Sales taxes due: R&M is required to collect Massachusetts
5% sales tax on vehicle sales prior to delivery. Buyer is responsible
for payment of this tax plus any additional tax that may be due
in the buyer’s home state. For example, if buyer’s state
has a 6% sales tax buyer pays 5% to Massachusetts and 1% to his
home state for a total of 6%.
Warranty on vehicle purchased as a result of this agreement:
Buyer understands that any manufacturer’s warranty will be
transferred to him without fee. Buyer understands that the vehicle
will be otherwise covered at no additional charge by the Massachusetts
Used Car warranty for a term defined by statute. Buyer authorizes
R&M to perform any service or repair necessary, in their judgment,
to ensure compliance with this warranty. Buyer understands that
any service or repair performed prior to delivery will be at buyer’s
expense, and the cost of such service cannot be determined in
advance of vehicle purchase.
Default of buyer: In the event the buyer fails to pay for
the vehicle as described above, and no other arrangements satisfactory
to R&M Enterprises are made, it is agreed and understood that
the vehicle may be resold by R&M. It is further agreed and
understood that any loss between the sum of items #1–6
and the net sale price will be deducted from buyer’s bid
deposit. The remainder of the buyer's deposit will be refunded.
Cancellation/expiration of agreement: In the event no vehicle
is purchased by the agreement expiration date, the buyer may renew
the agreement or the bid deposit will be returned. If the buyer
cancels this agreement within 60 days R&M may, at its option,
deduct a reasonable fee for travel and phone expenses of up to
a maximum of $500.
The laws of the Commonwealth of Massachusetts govern this agreement.
J E Robison Service Co. Inc. is a Massachusetts corporation and
a licensed Massachusetts motor vehicle dealer.
Accepted and understood, as of this day ______ ____, ________
___________________________________ ___________________________________
R&M Enterprises
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