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1. Parties: Identification of the seller/finance company and the purchaser, including full legal names, addresses, and contact details
2. Background: Context of the agreement, including the seller's ownership of the vehicle and the buyer's intention to purchase through hire purchase
3. Definitions: Definitions of key terms used throughout the agreement, including 'Vehicle', 'Hire Purchase Price', 'Deposit', 'Installments', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, and current condition
5. Financial Terms: Details of the purchase price, deposit, interest rate, total amount payable, and payment schedule
6. Payment Terms: Specifics about payment methods, due dates, late payment penalties, and early payment options
7. Title and Ownership: Clarification that title remains with the seller until final payment, and conditions for transfer of ownership
8. Vehicle Use and Maintenance: Buyer's obligations regarding vehicle care, maintenance requirements, and permitted use
9. Insurance Requirements: Mandatory insurance coverage, named insured parties, and claims procedures
10. Default and Termination: Circumstances constituting default, remedies, and termination procedures
11. Return of Vehicle: Conditions and procedures for vehicle return in case of default or termination
12. General Provisions: Standard clauses including governing law, notices, amendments, and dispute resolution
1. Co-Signer Provisions: Required when a co-signer or guarantor is involved in the agreement
2. Trade-In Details: Include when the buyer is trading in another vehicle as part of the purchase
3. Extended Warranty: Required when an extended warranty or service plan is being purchased
4. Delivery Terms: Include when specific delivery arrangements need to be documented
5. Modifications: Required when the buyer is permitted to make specific modifications to the vehicle
6. Cross-Border Use: Include when the vehicle will be regularly used across provincial or international borders
7. Commercial Use: Required when the vehicle will be used for commercial purposes
8. Assignment Rights: Include when either party needs specific rights to assign the agreement
1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between principal and interest
3. Schedule C - Vehicle Condition Report: Detailed assessment of vehicle condition at time of agreement, including photographs
4. Schedule D - Insurance Requirements: Specific insurance coverage requirements and minimum policy terms
5. Schedule E - Warranty Details: Details of manufacturer's warranty and any extended warranty terms
6. Appendix 1 - Vehicle Maintenance Schedule: Required maintenance schedule and service intervals
7. Appendix 2 - Disclosure Statement: Mandatory financial disclosure statements required by provincial law
8. Appendix 3 - Trade-In Valuation: Details and valuation of any trade-in vehicle if applicable
Automotive
Financial Services
Consumer Retail
Insurance
Transportation
Fleet Management
Vehicle Leasing
Consumer Finance
Legal
Finance
Sales
Compliance
Risk Management
Credit Administration
Contract Administration
Customer Service
Vehicle Operations
Documentation
Finance Manager
Sales Manager
Automotive Finance Specialist
Legal Counsel
Compliance Officer
Credit Manager
Vehicle Sales Representative
Contract Administrator
Fleet Manager
Risk Assessment Officer
Consumer Credit Specialist
Dealership Manager
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