Car Payment Agreement Template

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Car Payment Agreement Template

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Car Payment Agreement Template (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This document serves to establish the terms of the car payment agreement executed on [Contract Date], detailing the purchase of the vehicle described below.
Vehicle Details:
Make: [Make]
Model: [Model]
Year: [Year]
VIN: [Vehicle Identification Number]
Clause 1: Purchase Price
The total purchase price for the vehicle is set at [Amount].
Clause 2: Payment Terms
The Buyer agrees to make a down payment of [Down Payment Amount] by [Payment Due Date]. The remaining balance of [Remaining Balance] is payable in [Number of Installments] installments of [Installment Amount] due on the [Specify Due Date].
Clause 3: Delivery of Vehicle
The Seller agrees to deliver the vehicle to the Buyer on or before [Delivery Date], provided that all initial payments are made as outlined.
Clause 4: Late Payment Penalties
In the event that payments are not made on time, a late fee of [Specify Amount] will be applied for each missed payment.
Clause 5: Title Transfer
The Seller agrees to transfer ownership and provide the title of the vehicle to the Buyer upon final payment completion.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Car Payment Agreement Template (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This Car Payment Agreement is made as of [Contract Date], outlining the conditions for the sale of the following vehicle.
Vehicle Information:
Make: [Make]
Model: [Model]
Year: [Year]
VIN: [Vehicle Identification Number]
Clause 1: Total Payment
The Buyer agrees to pay the Seller the total sum of [Amount] for the vehicle.
Clause 2: Payment Schedule
The payment will be made as follows: a down payment of [Down Payment Amount], with the remaining [Remaining Balance] to be paid in [Number of Installments] installments of [Installment Amount] each, due on [Specify Due Dates].
Clause 3: Delivery Conditions
The Seller will deliver possession of the vehicle upon receipt of the initial down payment, with full delivery upon receipt of the final installment.
Clause 4: Default Clause
In case of default on the payment, the Seller retains the right to repossess the vehicle and the Buyer will be held responsible for any accrued costs related to repossession.
Clause 5: Transfer of Ownership
The transfer of ownership will occur after the final installment has been paid, and the Seller will provide the title to the Buyer.
Clause 6: Applicable Law
This agreement shall be construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

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Please complete the form below to create the Car Payment Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Car Payment Agreement Template

1. Buyer Information


2. Seller Information


3. Vehicle Details



4. Payment Terms




5. Payment Schedule

6. Vehicle Condition

7. Default Terms

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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Car Payment Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Car Payment Agreement Template