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The Vehicle Purchase Agreement With Down Payment is a crucial legal document used in Canadian vehicle sales transactions where the buyer provides an initial down payment followed by the remaining balance. This document is essential for both private sales and dealership transactions, providing legal protection for all parties involved. It complies with federal and provincial regulations governing vehicle sales, consumer protection, and financial transactions in Canada. The agreement includes comprehensive details about the vehicle, payment terms, warranties, and conditions of sale, while specifically addressing the down payment structure and remaining balance payment arrangements. It's designed to protect both buyer and seller interests by clearly documenting all aspects of the transaction, from vehicle condition to payment terms, in accordance with Canadian legal requirements.

1. Parties: Identification of the Seller and Buyer with full legal names and addresses

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

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Down Payment', 'Purchase Price', 'Closing Date'

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

5. Purchase Price and Payment: Total purchase price, down payment amount, payment method, and balance payment details

6. Deposit Terms: Amount of deposit, when it's due, whether it's refundable, and conditions for refund

7. Balance Payment: Details of remaining payment, including method and timing

8. Transfer of Title: Process and timing for transferring vehicle ownership

9. Seller's Representations: Seller's warranties about vehicle ownership, condition, and liens

10. Buyer's Representations: Buyer's acknowledgments about vehicle inspection and purchase conditions

11. Delivery: Details about vehicle delivery or pickup arrangements

12. Risk and Insurance: Transfer of risk and insurance requirements

13. Default and Remedies: Consequences of default by either party

14. General Terms: Standard legal provisions including governing law, notices, and amendments

15. Execution: Signature blocks and date of agreement