TRACTOR PARTS Allis Chalmers Case & David Brown Farmall & International Ferguson Ford & New Holland John Deere Massey Ferguson Massey Harris Minneapolis Moline Oliver & Cockshutt Kubota / Yanmar

TRACTOR MANUALS

Allis Chalmers	Case	Farmall IH	Ford 8N,9N,2N	Ford
Ferguson	John Deere	Massey Ferguson	Minn. Moline	Oliver

Discussion Forum

Sale agreements and documents when buying tractor (long post)

Welcome Guest, Log in or Register

Author

boondockjones

04-07-2002 12:57:07

Report to Moderator

I wondered how the rest of you handle setting up the terms of a sale. My son and I drove all over looking at different tractors before deciding on the H that he just got. We don't have a trailer to haul with, so we drove the car out to look them over and when we found one we liked put money down to hold it until we could pick it up. I'm no lawyer but I knew we needed something binding to describe what we were up to , so I wrote one up and printed a couple of copies on the computer. We both signed them and things worked out great with us getting the tractor home a few days later. I thought I'd share it with you in case it would be a help to any of you, or perhaps you would have thoughts on how to make it better. Here goes:

AGREEMENT FOR SALE OF TRACTOR DOWNPAYMENT & BILL OF SALE FOR FARMALL MODEL H

The two parties signed below have agreed on a sale price of_____ _____ with a downpayment today of_____ _____. The tractor is sold in an "as is" condition with no expressed warranty. The seller accepts downpayment and agrees to hold the tractor for the buyer until it can be picked up. The remainder of the money will change hands when the tractor is picked up at which time this document will become a bill of sale:

signed_____ _____ ___ date_____ _____ __ seller address_____ _____ _____ _____ _____ _____ _____

signed_____ _____ ____ date_____ _____ __ buyer address_____ _____ _____ _____ _____ _____ _____ _

Balance of _____ ___ paid Date_____ _____

Sale complete signature of seller_____ _____ _____

[Log in to Reply] [No Email]

04-08-2002 19:32:45

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

legal or not if the other party dosent live up to the agreement its difficult. Small calims court 100 miles away for a deposit isn't very convinent.

I do like to get everything down on paper - it's a good start

[Log in to Reply] [No Email]

boog

04-07-2002 22:53:23

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

I agree that this is a good practice. But as far as the legality of it, I doubt that it would hold up in a court of law. Especially being that it was not notarized. Still, it does show intent on both sides. Unfortunately the day of a man's word and handshake being worth something is all but gone.

boog

[Log in to Reply] [No Email]

boondockjones

04-08-2002 03:14:38

Report to Moderator

Re: Re: Sale agreements and documents when buying tractor (long post) in reply to boog, 04-07-2002 22:53:23

I'm not sure of the legality of it either. Sadly I have dealt with some individuals that a handshake didn't mean much to. I also realize that if a person took my downpayment (in this case $100) and decided to forget the deal , that it would cost me more than the downpayment to pursue it in court. I guess it was mainly for some piece of mind. The tractor was 84 miles from home and by far the best we had found. We wanted to hold it until we could arrainge trucking. I would greatly prefer driving out to see the tractor with a trailer in tow and bring it home with us that day if we bought it. Even then a bill of sale would probably be a wise thing to have, just in case the owner changed their mind and had to have grandpas tractor back.

[Log in to Reply] [No Email]

sod

04-08-2002 06:19:57

Report to Moderator

Re: Re: Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-08-2002 03:14:38

eighty miles ain't too far to drive it home.
have fun
sod

[Log in to Reply] [No Email]

Dave

04-07-2002 19:53:58

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

If I were selling to you I would want a definite day you were going to pick it up so I wouldn't have to store it for too many years

[Log in to Reply] [No Email]

redrev

04-07-2002 18:34:18

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

Whatever happened to the good ol' handshake. I've bought well over 100 tractors and haven't had any "paper" yet, unless I bought from a dealer.

[Log in to Reply] [No Email]

When theres no paper...

04-07-2002 18:05:37

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

My grandpa bought the Super A when he was up north, no paper, so they did it on a piece of birch bark.

[Log in to Reply] [No Email]

Glenn(WV)

04-07-2002 13:21:45

Report to Moderator

Re: Sale agreements and documents when buying tractor (long post) in reply to boondockjones, 04-07-2002 12:57:07

This is a good idea. When I bought my late granddad's tractor from my grandmother, we did the exact same thing and she put the bill of sale in her safe deposit box. We included full descriptions of the tractor and the equipment with it, and we included the tractor serial number. We did it that way to protect our hind-ends, since I have some greedy relatives who will say and do anything to make accusations and get at my grandmother's estate after she passes on.

[Log in to Reply] [No Email]

Dan Robertson

04-07-2002 20:22:40

Report to Moderator

Re: Re: Sale agreements and documents when buying tractor (long post) in reply to Glenn(WV), 04-07-2002 13:21:45

Glenn is right, I did the same thing when I bought Dad's old AL. fishing boat with 9hp Evinrude.--- Putter on paper with date, description of merchandise, agreed price, and both parties signature. A hand shake usually works fine for the two parties involved, BUT family, heirs, attorneys, and just plain old nasty people don't seem to remember verbal or handshake agreements that a deceased or now incompetant seller may have made previously. Kind of like buying insurance, you buy hoping that you will never need it. Protect yourself. Dan Robertson

[Log in to Reply] [No Email]

Buddyboy

04-07-2002 13:28:44

Report to Moderator

Re: Re: Sale agreements and documents when buying tractor (long post) in reply to Glenn(WV), 04-07-2002 13:21:45

You RASKEL you simpley stole Grandma's tractor. Grandpa esprecely stated that he wanted me to have that there tractor and the plow with it.+

[Log in to Reply] [No Email]

[Options] [Printer Friendly] [Posting Help] [Return to Forum] [Log in to Reply]

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home | Forums

Copyright © 1997-2023 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy