Reservation
Reservation Deposit Agreement
This is the agreement you are asked to sign when you reserve a BYD with a deposit. It is shown here in full, before you pay, with your details left blank.
Refunds — in plain language
- • Your reservation deposit is 50% refundable. We retain half.
- • You may cancel any time before the Sale & Purchase Contract is signed and before your vehicle is delivered.
- • Once the Sale & Purchase Contract is signed, the vehicle is your asset and no refund is possible — the same as at every BYD dealership.
- • Refunds are arranged by our team directly, by bank transfer or at the showroom.
Specimen — the highlighted fields are completed with your name, vehicle, colour and amounts when you reserve.
Deposit Agreement
This Deposit Agreement is made on the [Deposit Date], between Modern Auto Co., Ltd (BYD Sihanoukville), having its registered business address at National Highway 4, AH 11, Quarter 1, Sihanoukville, Preah Sihanouk, Kingdom of Cambodia, hereinafter referred to as the “Seller”.
and
Mr./Ms. [Buyer Name], [Gender], holder of National ID No.: [National ID], Cambodian, currently residing at [Address], contact phone number: [Phone], hereinafter referred to as the “Buyer”.
Article 1: Purpose of the Deposit
1.1 The Buyer agrees to pay a deposit to the Seller as a confirmation of intent to purchase one (01) motor vehicle to be supplied by the Seller.
1.2 This Deposit Agreement serves solely as a reservation and payment confirmation and does not constitute full payment or transfer of ownership of the motor vehicle.
Article 2: Vehicle Information
2.1 The motor vehicle intended to be purchased by the Buyer is described as follows:
Model: [Model]
Color: [Color]
Vehicle Price: [Price]
2.2 Final vehicle specifications shall be confirmed in the Vehicle Sale and Purchase Contract to be executed subsequently.
Article 3: Deposit Amount and Payment
3.1 The Buyer made the following deposit payment to the Seller:
No deposit has been received from the Buyer.
3.2 The deposit shall be applied toward the total purchase price of the motor vehicle upon execution of the Vehicle Sale and Purchase Contract.
Article 4: Effect and Refundability of the Deposit
4.1 The deposit made under this Agreement shall be treated as a reservation deposit for the motor vehicle and shall be applied toward the final purchase price upon completion of the vehicle purchase.
4.2 Except as expressly provided in this Article, the deposit made under this Agreement shall be non-refundable.
4.3 If the Buyer withdraws, cancels, or refuses to proceed with the purchase of the motor vehicle within fourteen (14) days from the date the deposit was made, the Seller shall refund fifty percent (50%) of the deposit to the Buyer, and the remaining fifty percent (50%) of the deposit shall be retained by the Seller as compensation for vehicle reservation and administrative costs.
4.4 If the Buyer is unable to obtain financing and the loan application submitted to a financial institution is rejected, the deposit shall be fully refunded to the Buyer, provided that the Buyer supplies reasonable evidence proving that the loan application was rejected.
4.5 The deposit shall also be fully refunded to the Buyer if the Seller is unable to supply the motor vehicle for reasons solely attributable to the Seller itself.
Article 5: Subsequent Agreement
5.1 Upon fulfillment of the conditions agreed by both parties, the Seller and the Buyer shall separately enter into a Vehicle Sale and Purchase Contract to govern the complete terms and conditions of the transaction.
5.2 This Deposit Agreement shall form an integral part of this transaction but shall not replace the Vehicle Sale and Purchase Contract.
Article 6: Governing Law
6.1 This Agreement shall be governed by and construed and enforced in accordance with the laws of the Kingdom of Cambodia.
Article 7: Number and Effectiveness of the Contract
7.1 This Agreement is made in the Khmer language in two (02) originals of equal legal validity, distributed as follows:
Buyer: 01 copy
Seller: 01 copy
7.2 This Agreement shall take effect from the date of signing by both parties.
Executed in Preah Sihanouk on [Deposit Date].
In witness whereof, both parties confirm that they have read, understood, and agreed to all provisions of this Agreement as legally binding, and that no party has the right to unilaterally amend this Agreement. Therefore, both parties affix their right thumbprints or signatures as legal evidence.
For the Seller — Modern Auto Co., Ltd.
Name, signature and date
The Buyer
Name, signature and date