¶¶Òõ¶ÌÊÓƵ

All Countries
Sales
Owner Finance Car Sale Contract

Owner Finance Car Sale Contract Template for Canada

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

4.6 / 5
4.8 / 5

Let's create your Owner Finance Car Sale Contract

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:

Owner Finance Car Sale Contract

"I need an Owner Finance Car Sale Contract for selling my 2020 Toyota Camry to a private buyer, with a purchase price of $15,000, requiring a 20% down payment and monthly payments over 36 months at 5% interest, for completion by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Owner Finance Car Sale Contract is essential for private sellers and small dealerships in Canada who wish to offer in-house financing options to buyers. This document is particularly useful when traditional financing options are not available or desired, allowing the seller to act as the lender while maintaining a security interest in the vehicle. It must comply with provincial consumer protection laws, motor vehicle regulations, and the Personal Property Security Act (PPSA) requirements. The agreement includes crucial elements such as vehicle identification, payment terms, interest rates, security arrangements, and default provisions. It's designed to protect both parties' interests while ensuring compliance with federal interest rate regulations and provincial secured transaction laws. The document becomes especially important in private sales where institutional lenders are not involved, providing a structured framework for the financial arrangement between buyer and seller.
Suggested Sections

1. Parties: Identifies and provides full legal names and addresses of the seller and buyer

2. Background: Brief context of the transaction and parties' intention to enter into owner-financed vehicle sale

3. Definitions: Defines key terms used throughout the agreement

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, mileage, and condition

5. Purchase Price and Payment Terms: Total purchase price, down payment, financing amount, interest rate, payment schedule, and payment methods

6. Security Interest: Establishes seller's security interest in the vehicle until full payment is received

7. Transfer of Title: Terms regarding when and how vehicle title will be transferred, including registration requirements

8. Warranties and Representations: Seller's warranties about vehicle condition and buyer's acknowledgments

9. Insurance Requirements: Buyer's obligations to maintain appropriate insurance coverage

10. Default and Remedies: Circumstances constituting default and seller's available remedies

11. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use

12. Notices: How formal communications between parties should be made

13. General Provisions: Standard contract clauses including governing law, entire agreement, amendments, and severability

Optional Sections

1. Trade-In Vehicle: Details of any trade-in vehicle being applied to the purchase price

2. Co-Signer Agreement: Terms applicable when a co-signer is guaranteeing the buyer's obligations

3. Early Payment Provisions: Terms regarding early payment options and any applicable penalties or benefits

4. Cross-Border Provisions: Additional terms for transactions where buyer and seller are in different provinces

5. Modification Restrictions: Restrictions on vehicle modifications during the financing period

6. Death or Disability Provisions: Terms addressing buyer's obligations in case of death or disability

7. Assignment Rights: Terms regarding whether and how the contract may be assigned by either party

Suggested Schedules

1. Schedule A - Vehicle Condition Report: Detailed inspection report documenting vehicle condition at time of sale

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

3. Schedule C - Insurance Requirements: Specific insurance coverage requirements and minimum policy terms

4. Schedule D - Warranty Details: Detailed description of any warranties provided or excluded

5. Appendix 1 - Vehicle Documentation: Copies of vehicle registration, maintenance records, and history reports

6. Appendix 2 - Photos: Dated photographs documenting vehicle condition at time of sale

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

alex.den.21@genieai.co
Relevant legal definitions














































Clauses



































Relevant Industries

Automotive

Financial Services

Transportation

Legal Services

Insurance

Retail

Private Sales

Used Car Dealerships

Fleet Management

Consumer Finance

Relevant Teams

Legal

Finance

Sales

Compliance

Risk Management

Documentation

Credit Administration

Customer Service

Operations

Business Development

Relevant Roles

Car Dealership Owner

Private Seller

Automotive Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Contract Administrator

Business Development Manager

Fleet Manager

Risk Manager

Credit Manager

Document Controller

Legal Administrator

Sales Executive

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

Purchase Agreement Car

A Canadian-compliant legal agreement documenting the sale and purchase of a motor vehicle, including essential terms and conditions of the transaction.

find out more

Private Party Car Sale With Payments Contract

Canadian private vehicle sale agreement with payment terms, incorporating provincial consumer protection and vehicle transfer requirements.

find out more

Vehicle Selling Contract

A Canadian-compliant legal agreement for the sale and purchase of vehicles, suitable for both private and commercial transactions under federal and provincial regulations.

find out more

Car Transfer Agreement

A Canadian legal document formalizing the transfer of vehicle ownership between parties, ensuring compliance with provincial regulations and protecting both buyer and seller interests.

find out more

Private Party Car Sale Agreement

A Canadian legal agreement for private vehicle sales between individuals, complying with provincial motor vehicle and sale of goods legislation.

find out more

As Is Private Car Sale Agreement

A Canadian legal agreement for private vehicle sales on an "as is" basis, documenting the sale terms and transfer of ownership without warranties.

find out more

Private Party Purchase Agreement

A legal agreement governing private party sales transactions in Canada, outlining sale terms and conditions while ensuring compliance with Canadian law.

find out more

Owner Finance Car Sale Contract

A Canadian legal agreement for vehicle sales with seller-provided financing, incorporating provincial vehicle transfer and security interest requirements.

find out more

Private Car Sale Deposit Contract

A Canadian legal agreement for securing a deposit between private parties in a vehicle sale transaction, outlining deposit terms and conditions under relevant provincial laws.

find out more

Private Car Sale Contract With Monthly Payments

A Canadian-compliant contract template for private vehicle sales with monthly payment arrangements, incorporating essential legal requirements and payment terms.

find out more

Car Purchase Agreement

A Canadian-law governed agreement that documents the terms and conditions for the sale and purchase of a motor vehicle between seller and buyer.

find out more

Car Sold As Is Contract

A Canadian legal agreement for the sale of a vehicle "as is" without warranties, compliant with provincial and federal regulations.

find out more

Motor Vehicle Sale Agreement

Canadian motor vehicle sale agreement template compliant with federal and provincial regulations, suitable for both private and dealership transactions.

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.

Read our Privacy Policy.