¶¶Òõ¶ÌÊÓƵ

Bill Of Sale With Promissory Note For Automobile Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Bill Of Sale With Promissory Note For Automobile

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Bill Of Sale With Promissory Note For Automobile

"I need a Bill of Sale with Promissory Note for Automobile for the private sale of my Toyota Camry, with monthly payments spread over 24 months starting March 2025, and I want to include a security interest clause that allows me to repossess the vehicle if the buyer defaults on payments."

Document background
The Bill Of Sale With Promissory Note For Automobile is a specialized legal instrument used in Australian jurisdictions when selling a vehicle with installment payments. This document type is particularly relevant when the full purchase price isn't paid upfront and a payment plan is established. It combines the essential elements of a vehicle bill of sale (documenting the transfer of ownership) with a promissory note (establishing the buyer's legal obligation to make future payments). The document must comply with Australian federal legislation such as the Personal Property Securities Act 2009 and state-specific motor vehicle regulations. It includes critical information such as vehicle details, purchase price, payment terms, interest rates, and security interests. This document type is commonly used in both private sales and commercial transactions, providing legal protection for both parties while ensuring clear documentation of the sale terms and payment obligations.
Suggested Sections

1. Parties: Identifies and provides full details of the Seller and Buyer, including names, addresses, and contact information

2. Background: Brief context of the transaction, stating the Seller's ownership of the vehicle and the Buyer's intention to purchase

3. Definitions: Defines key terms used throughout the document, including 'Vehicle', 'Purchase Price', 'Promissory Note', etc.

4. Sale and Purchase: Details the transfer of ownership and states the purchase price of the vehicle

5. Vehicle Description: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current odometer reading

6. Payment Terms: Specifies the payment structure, including any deposit and the terms of the promissory note

7. Promissory Note Terms: Details of the promise to pay, including payment schedule, interest rate, and consequences of default

8. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of encumbrances

9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

10. Transfer of Title: Process and timing for transferring vehicle title and registration

11. Governing Law: Specifies that Australian law governs the agreement and identifies relevant state jurisdiction

12. Execution: Signature blocks for both parties and witness requirements

Optional Sections

1. Security Interest: Required if the vehicle serves as collateral for the promissory note

2. Insurance Requirements: Include when specifying mandatory insurance coverage during the payment period

3. Maintenance Requirements: Include when imposing specific maintenance obligations during the payment period

4. Early Payment Provisions: Include when allowing for early payoff of the promissory note

5. Co-signer Details: Required when a co-signer is guaranteeing the promissory note

6. Trade-in Details: Include when a vehicle trade-in is part of the transaction

7. Default and Remedies: Detailed section on default scenarios and remedies when additional protection is needed

8. Dispute Resolution: Include when specific dispute resolution procedures are desired

Suggested Schedules

1. Schedule A - Vehicle Details: Detailed specifications of the vehicle, including all features, modifications, and known defects

2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payment dates, amounts, and interest calculations

3. Schedule C - Vehicle Condition Report: Comprehensive report on the vehicle's condition at time of sale, including photographs

4. Schedule D - Maintenance History: Documentation of vehicle's service history and maintenance records

5. Appendix 1 - Vehicle Registration Documents: Copies of current registration documents and transfer forms

6. Appendix 2 - Vehicle Insurance Details: Insurance documentation and requirements during the payment period

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































Clauses


























Relevant Industries

Automotive

Financial Services

Legal Services

Insurance

Transport & Logistics

Fleet Management

Vehicle Leasing

Auto Dealerships

Private Sales

Relevant Teams

Legal

Finance

Compliance

Sales

Risk Management

Operations

Documentation

Credit Administration

Business Development

Relevant Roles

Legal Counsel

Finance Manager

Compliance Officer

Sales Manager

Fleet Manager

Credit Manager

Vehicle Sales Representative

Contract Administrator

Risk Manager

Documentation Specialist

Finance & Insurance Manager

Business Development Manager

Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Promissory Note For Real Estate Purchase

An Australian-compliant financial instrument documenting a buyer's promise to pay for real estate purchase, including payment terms and security interests.

find out more

Promissory Note For Vehicle Purchase

An Australian-compliant promissory note documenting a buyer's legally binding promise to pay for a vehicle purchase, including payment terms and vehicle details.

find out more

Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specified sum of money under defined terms and conditions.

find out more

Promissory Note For Remaining Balance

An Australian law-compliant financial instrument documenting a promise to pay a remaining balance after initial payment, including specific repayment terms and conditions.

find out more

Hospital Promissory Note

An Australian-compliant promissory note documenting a patient's commitment to pay for hospital services received, incorporating healthcare regulations and payment terms.

find out more

Form Of Secured Promissory Note

An Australian law-governed financial instrument combining a promise to pay with security interests, documenting a secured debt obligation between lender and borrower.

find out more

Promissory Note For Rent Owed

An Australian legal document establishing a tenant's binding promise to pay outstanding rent arrears, governed by federal and state legislation.

find out more

Note Payable Form

An Australian-compliant legal document evidencing a promise to pay a specific sum of money, detailing payment terms and conditions between a borrower and lender.

find out more

Guarantor Promissory Note

An Australian law-governed document combining a promissory note with a guarantee agreement, where a guarantor backs the maker's promise to pay a specified sum to the payee.

find out more

Promissory Note For Services Rendered

An Australian legal document combining a promissory note with acknowledgment of services rendered, providing a binding payment promise governed by federal and state laws.

find out more

Mortgage Note Form

An Australian legal document that establishes the terms and conditions of a property-secured loan between a lender and borrower, compliant with federal and state mortgage regulations.

find out more

Unconditional Promissory Note

An Australian law-governed financial instrument containing an unconditional written promise to pay a specific sum of money, regulated under the Bills of Exchange Act 1909.

find out more

Cash Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specific sum of money, governed by the Bills of Exchange Act 1909.

find out more

Bill Of Sale With Promissory Note For Automobile

An Australian legal document combining vehicle sale documentation with a promissory note for installment payments, conforming to Australian federal and state vehicle transfer regulations.

find out more

Installment Promissory Note

An Australian law-governed document establishing a formal promise to repay a specified sum through scheduled installment payments, including interest terms and security provisions.

find out more

International Promissory Note

An Australian law-governed formal promise to pay a specified sum in an international context, compliant with the Bills of Exchange Act 1909.

find out more

Simple Promissory Note For Personal Loan

An Australian-compliant promissory note documenting terms and conditions for a personal loan agreement between a lender and borrower.

find out more

Loan Note

An Australian law-governed financial instrument documenting terms of a loan between an issuer and noteholder, including principal, interest, and repayment conditions.

find out more

Unsecured Promissory Note

An Australian law-governed financial instrument documenting an unsecured promise to pay a specified sum of money, with defined repayment terms and conditions.

find out more

Standard Promissory Note

An Australian-compliant financial instrument documenting a formal promise to pay a specified sum of money under defined terms and conditions.

find out more

Promissory Note With Notary

An Australian legal document containing a notarized promise to pay a specified sum of money, governed by federal and state legislation including the Bills of Exchange Act.

find out more

Promissory Note For Delayed Payment

An Australian-compliant financial instrument documenting a promise to pay a specified sum at a future date, governed by federal and state legislation.

find out more

Promissory Letter For Hospital Bill

An Australian-compliant legal document where a patient or guarantor formally commits to paying outstanding hospital bills according to specified terms and conditions.

find out more

Negotiable Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specified sum, governed by the Bills of Exchange Act 1909 (Cth).

find out more

Hospital Bill Promissory Note

An Australian-compliant promissory note documenting a patient's legally binding commitment to pay outstanding hospital bills according to agreed terms.

find out more

Financial Promissory Note

An Australian law-governed financial instrument documenting a formal promise to pay a specified sum of money, including payment terms and conditions.

find out more

Convertible Promissory Note

An Australian law-governed debt instrument that converts to equity shares under specified conditions, commonly used for startup bridge financing.

find out more

Balloon Promissory Note

An Australian-compliant financial instrument documenting a debt obligation with regular payments and a large final balloon payment, including all terms and conditions of the lending arrangement.

find out more

Shareholder Promissory Note

An Australian law-governed promissory note documenting a company's promise to pay a specified sum to a shareholder, including payment terms and security arrangements.

find out more

Promissory Note With Personal Guarantee

An Australian-law governed financial instrument combining a promise to pay a specified sum with a personal guarantee, establishing primary and secondary payment obligations.

find out more

Promissory Note Secured By A Mortgage

An Australian legal document combining a promissory note with a mortgage security interest, establishing both a promise to pay and a property security arrangement under Australian federal and state laws.

find out more

Promissory Note Repayment Schedule

An Australian legal document that outlines the structured repayment terms of a debt, including payment schedules, amounts, and interest calculations.

find out more

Promissory Note Letter

An Australian law-governed financial instrument documenting a written promise to pay a specific sum of money, including payment terms and conditions.

find out more

Payable On Demand Promissory Note

An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand to the payee.

find out more

Full Recourse Promissory Note

An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum, with full recourse rights against the maker's assets.

find out more

Personal Guarantee On Promissory Note

An Australian law-governed personal guarantee agreement securing a promissory note, establishing the guarantor's commitment to fulfill the debtor's obligations upon default.

find out more

Promissory Note For Business Purchase

An Australian legal document establishing a promise to pay a specified sum for a business purchase, governed by federal and state laws.

find out more

30 Day Promissory Note

An Australian-compliant financial instrument documenting a promise to pay a specified sum within 30 days, governed by federal legislation.

find out more

Interest Only Promissory Note With Balloon Payment

An Australian-governed promissory note featuring interest-only payments with a final balloon payment, incorporating required consumer protection elements and payment terms.

find out more

Business Promissory Note

An Australian-law governed financial instrument documenting a business's written promise to pay a specified sum under defined terms and conditions.

find out more

Vehicle Promissory Note

An Australian legal document combining a promissory note with vehicle security provisions, establishing a secured payment obligation under Australian federal law.

find out more

Trust Promissory Note

An Australian law-governed financial instrument documenting a promise to pay a specific sum held in trust, with defined payment terms and trust arrangements.

find out more

Short Form Promissory Note

An Australian-law governed financial instrument documenting a written promise to pay a specified sum of money, structured in a concise format for straightforward lending arrangements.

find out more

Promissory Note Secured By Real Property

An Australian law-governed document combining a promise to pay with real property security, establishing both debt obligations and property-based collateral rights.

find out more

Personal Loan Note Agreement

An Australian law-governed agreement establishing terms and conditions for a personal loan, including loan amount, interest rates, and repayment obligations.

find out more

Joint Promissory Note

An Australian law-governed financial instrument where multiple parties jointly promise to pay a specified sum to a payee, establishing joint and several liability among the makers.

find out more

Promissory Note For Lending Money To Friend

An Australian-compliant legal document that formalizes a personal loan arrangement between friends, specifying loan terms and repayment conditions.

find out more

Undertaking Promissory Note

An Australian law-governed financial instrument containing a written promise to pay a specific sum of money, either on demand or at a specified future date.

find out more

Standard Promissory Note Unsecured

An Australian-law governed unsecured promissory note documenting a promise to pay a specified sum of money, either on demand or at a specified future date.

find out more

Promissory Note With Payment Schedule

An Australian-compliant financial document establishing a formal promise to pay a specified sum with structured payment terms and schedules.

find out more

Promissory Note Settlement Agreement

An Australian law agreement that documents the settlement terms and conditions for an existing promissory note, outlining revised payment obligations between debtor and creditor.

find out more

Property Loan Note

An Australian legal document evidencing a property-secured loan, detailing loan terms and security arrangements in compliance with national credit legislation.

find out more

Promissory Note Secured By Deed Of Trust

An Australian legal instrument combining a promissory note with a deed of trust security structure, evidencing a debt obligation secured by property held in trust.

find out more

Interest Only Promissory Note

An Australian law-governed document establishing an interest-only loan arrangement where the borrower pays periodic interest with principal due at maturity.

find out more

Short Term Promissory Note

An Australian-law governed financial instrument documenting a promise to pay a specified sum within a short term, typically under one year.

find out more

Promissory Note Payable

An Australian law-governed financial instrument containing a written promise to pay a specified sum of money to a named payee under defined terms and conditions.

find out more

Promissory Note For Shares

An Australian legal document combining a promise to pay with share transfer provisions, governed by federal corporate and securities law.

find out more

Promissory Certificate

An Australian law-governed financial instrument documenting a formal promise to pay a specified sum under defined terms and conditions.

find out more

Owner Financing Promissory Note

An Australian-compliant promissory note documenting a seller-financed property purchase arrangement, including loan terms and security provisions.

find out more

Rental Promissory Note

An Australian legal document combining a promissory note with rental agreement terms, establishing formal commitment for rental payments under federal and state laws.

find out more

Non Interest Bearing Promissory Note

An Australian-law governed financial instrument documenting a promise to pay a specified sum without interest at a future date or on demand.

find out more

Intercompany Promissory Note

An Australian law-governed document evidencing a promise by one company to pay a specified sum to another company within the same corporate group.

find out more

Employee Promissory Note

An Australian-compliant financial instrument documenting an employee's promise to repay a specific sum to their employer under defined terms and conditions.

find out more

Promissory Note With Interest

An Australian-compliant Promissory Note With Interest that documents a formal promise to pay a specified sum with interest, subject to Australian federal and state laws.

find out more

I Owe You Promissory Note

An Australian law-compliant financial instrument containing a written promise to pay a specified sum of money, with defined terms and conditions.

find out more

Equity Promissory Note

An Australian law-governed financial instrument combining a promise to pay with equity conversion rights, commonly used in startup financing.

find out more

Unsecured Convertible Promissory Note

An Australian law-governed unsecured convertible promissory note establishing terms for debt that can convert to equity under specified conditions.

find out more

Subordinated Promissory Note

An Australian law-governed debt instrument documenting a subordinated payment obligation, including repayment terms, interest provisions, and subordination mechanics.

find out more

Purchase Promissory Note

An Australian law-compliant financial instrument documenting a promise to pay a specified sum of money, typically used in business transactions for deferred payment arrangements.

find out more

Guarantee Promissory Note

An Australian law-governed financial instrument combining a promissory note with a guarantee agreement, establishing primary and secondary payment obligations.

find out more

Demand Note Payable

An Australian-compliant financial instrument documenting an unconditional promise to pay a specified sum of money on demand, governed by federal and state legislation.

find out more

Promissory Note And Deed Of Trust

An Australian law-governed document combining a promise to pay with trust arrangements, used for secured lending and structured finance transactions.

find out more

Letter Of Credit Promissory Note

An Australian law-governed financial instrument combining a promissory note with a letter of credit, providing secured payment promise in commercial transactions.

find out more

Revolving Line Of Credit Promissory Note

An Australian law-governed document establishing a revolving credit facility with continuous borrowing and repayment capabilities, incorporating mandatory credit protection requirements.

find out more

Secured Loan Note

An Australian law-governed Secured Loan Note document setting out terms for a secured lending arrangement, including loan details, security provisions, and enforcement mechanisms.

find out more

Line Of Credit Promissory Note

An Australian-compliant financial instrument establishing a revolving credit facility with specified draw-down limits, repayment terms, and borrower obligations.

find out more

Unsecured Loan Note

An Australian law-governed agreement documenting an unsecured loan arrangement, specifying loan terms, repayment conditions, and parties' obligations without requiring collateral.

find out more

Promissory Note For Personal Loan

An Australian-compliant legal document evidencing a borrower's promise to repay a personal loan, including payment terms and conditions.

find out more

Discount Promissory Note

An Australian-compliant financial instrument where one party promises to pay another a specified sum at a future date, issued at a discount to face value.

find out more

Demand Promissory Note

An Australian-compliant financial instrument containing an unconditional promise to pay a specified sum of money on demand, governed by federal and state legislation.

find out more

Promissory Agreement

An Australian law-governed agreement documenting a formal promise to pay a specified sum of money under defined terms and conditions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.