Taxi and Ride-Share Vehicle Sale Agreement

What a good one includes

• A clear clause specifying whether municipal taxi medallions, commercial plates, or ride-share permits are included in the sale or must be transferred separately.
• A detailed inventory of installed commercial equipment being transferred, such as fare meters, partitions, roof signs, and dispatch terminals.
• Documentation of the vehicle's most recent municipal safety inspections and its current eligibility status for major ride-share platforms.
• An exact date and time when the buyer assumes responsibility for toll road charges, traffic violations, and commercial insurance liability.
• A formal agreement that the seller will immediately de-register the vehicle's VIN from all active ride-share and taxi dispatch apps.
• A certified odometer statement combined with a disclosure of the vehicle's commercial service and maintenance history.

Common mistakes to avoid

• Using a generic car bill of sale that fails to address the transfer of specialized livery equipment and local taxi licensing.
• Failing to explicitly state who is responsible for clearing outstanding toll violations and traffic camera fines incurred before the exact hour of transfer.
• Neglecting to de-register the vehicle from ride-share apps, which can block the new buyer from registering the vehicle on their own driver account.
• Forgetting to specify the "as-is" condition of high-wear commercial components, leaving the seller vulnerable to disputes over mechanical failures post-sale.

Frequently asked questions