Download the Ultimate Car Purchase Deposit Contract Template in Valuengo (Word/PDF)

If you are planning to buy or sell a used car in Valuengo, securing the deal with a proper legal document is essential to avoid last-minute cancellations or misunderstandings. A Contrato de Arras (Earnest Money Contract) is a private binding agreement between a buyer and a seller where a financial deposit is handed over as a guarantee for the future purchase of the vehicle. This document protects both parties: if the buyer backs out, they lose the deposit; if the seller backs out, they must typically return double the amount.

Instructions on how and where to use this agreement in Valuengo

Unlike official administrative forms, a Contrato de Arras is a private contract between individuals or businesses and does not need to be submitted to a government office or town hall in Valuengo to be valid. However, you should follow these practical steps:

• Print two physical copies of the bilingual template provided below so both the buyer and the seller can sign each copy.
• Sign both copies in the presence of each other, preferably when the deposit is handed over via bank transfer or cash (keeping legal cash limits in mind under Spanish law).
• Keep the signed contract in a safe place until the final vehicle purchase contract (Contrato de Compraventa) is executed and ownership is transferred at the DGT (Dirección General de Tráfico).

CONTRATO DE ARRAS PENITENCIALES / EARNEST MONEY CONTRACT

En Valuengo, a [Día] de [Mes] de [Año].

REUNIDOS / THE PARTIES
De una parte, D./Dña. [Nombre y Apellidos del Vendedor], con DNI [Número de DNI] y domicilio en [Dirección en Valuengo], en adelante el VENDEDOR / THE SELLER.

Y de otra, D./Dña. [Nombre y Apellidos del Comprador], con DNI [Número de DNI] y domicilio en [Dirección], en adelante el COMPRADOR / THE BUYER.

Ambas partes reconocen capacidad legal suficiente para este acto y / Both parties acknowledge sufficient legal capacity for this act and,

MANIFIESTAN / DECLARE
1. Que el VENDEDOR es propietario del vehículo marca [Marca], modelo [Modelo], matrícula [Matrícula] y número de bastidor [Nº de Bastidor], en adelante el VEHÍCULO.
That the SELLER is the owner of the vehicle make [Make], model [Model], license plate [License Plate], and VIN [VIN], hereinafter the VEHICLE.

2. Que el COMPRADOR está interesado en la adquisición del VEHÍCULO en las condiciones que se estipulan en este documento.
That the BUYER is interested in purchasing the VEHICLE under the conditions stipulated in this document.

ESTIPULAN / STIPULATE
PRIMERA (Precio y Arras) / FIRST (Price and Deposit): El precio total pactado por la compraventa del VEHÍCULO es de [Cantidad en euros] euros ([000] €). En este acto, el COMPRADOR entrega en concepto de arras penitenciales la cantidad de [Cantidad del depósito] euros ([000] €) mediante [efectivo / transferencia bancaria], cantidad que se descontará del precio final de venta.
The total agreed price for the purchase of the VEHICLE is [Amount in words] euros ([000] €). In this act, the BUYER delivers as earnest money the amount of [Deposit amount] euros ([000] €) via [cash / bank transfer], which will be deducted from the final sale price.

SEGUNDA (Plazo) / SECOND (Deadline): La firma del contrato definitivo de compraventa y el pago del resto del precio pendiente se realizarán antes del día [Fecha límite] de [Mes] de [Año].
The signing of the final sales contract and the payment of the remaining balance shall take place before [Deadline Date], [Year].

TERCERA (Incumplimiento) / THIRD (Breach of Contract): Si el COMPRADOR desistiera de la compra, perderá la cantidad entregada. Si el Vendedor incumpliera, estará obligado a devolver el duplo de la cantidad recibida, conforme al artículo 1454 del Código Civil español.
If the BUYER withdraws from the purchase, they will lose the deposit. If the SELLER defaults, they shall be obliged to return double the amount received, in accordance with Article 1454 of the Spanish Civil Code.

Y en prueba de conformidad, firman el presente documento por duplicado y a un solo efecto en el lugar y fecha arriba indicados.
And as proof of conformity, the parties sign this document in duplicate at the place and date indicated above.

EL VENDEDOR / THE SELLER          EL COMPRADOR / THE BUYER
Fdo: _______________________          Fdo: _______________________

Additional documentation required

When you move from this deposit contract to the final vehicle purchase in Valuengo, ensure you have the following documents ready:

• Original and copy of the DNI, NIE, or Residence Permit of both the buyer and seller.
• Vehicle Registration Certificate (Permiso de Circulación) and ITV card (Tarjeta de Inspección Técnica) with a valid MOT.
• Proof of payment for the local circulation tax (IVTM - Impuesto sobre Vehículos de Tracción Mecánica) from the previous year.
• Official DGT transfer forms (Solicitud de Transmisión de Vehículos) signed by both parties.

Expert tip: Never hand over the full payment or the vehicle keys until the deposit contract is signed and you have verified through the DGT that the car has no outstanding fines, embargoes, or administrative liens ("cargas"). Taking these precautions in Valuengo will ensure a smooth, legally secure transaction.