When purchasing a vehicle from a dealership, you may come across a term called a “dealer non-export agreement.” This agreement restricts the buyer from exporting the vehicle out of the country for a specific period of time. In this article, we will discuss what a dealer non-export agreement is, its purpose, and how it can affect you as a buyer.

What is a Dealer Non-Export Agreement?

A dealer non-export agreement is a legal document that restricts the buyer from exporting the purchased vehicle out of the country for a specific period of time. This agreement is usually signed by the buyer at the time of purchase and is included in the sale contract.

The purpose of this agreement is to prevent the buyer from exporting the vehicle to another country where it may be sold at a higher price. The dealer non-export agreement also protects the dealership from losing potential sales in their local market.

How Does a Dealer Non-Export Agreement Affect You?

As a buyer, a dealer non-export agreement can affect you in several ways. Firstly, it restricts your freedom to resell the car to a buyer in another country for a specific period of time. This can be frustrating if you have plans to move out of the country and need to sell your car before leaving.

Secondly, violating the terms of the dealer non-export agreement can have severe consequences. If caught exporting the vehicle, the dealership may take legal action against you, which could lead to fines and other penalties. Additionally, violating the agreement could harm your relationship with the dealership if you plan to purchase a vehicle from them in the future.

Lastly, it is important to note that the length of the dealer non-export agreement can vary depending on the dealership and the type of vehicle being purchased. Some agreements may only last for a few months, while others can last up to a year or more.

Conclusion

Overall, a dealer non-export agreement is a legal document that restricts the buyer from exporting the purchased vehicle out of the country for a specific period of time. This agreement is designed to protect the dealership from losing potential sales and to prevent the buyer from reselling the car at a higher price in another country. As a buyer, it is important to be aware of this agreement and its terms before purchasing a vehicle from a dealership.