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1. Parties: Identification of the Seller/Finance Company and the Purchaser with complete details
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number
5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amounts, payment schedule, and interest rate
6. Delivery and Acceptance: Terms regarding vehicle delivery and acceptance conditions
7. Title and Risk: Provisions regarding ownership, transfer of title, and risk allocation
8. Insurance Requirements: Mandatory insurance coverage and terms
9. Maintenance and Use: Purchaser's obligations regarding vehicle maintenance and permitted use
10. Default and Repossession: Events of default and the Seller's rights of repossession
11. Termination: Circumstances and procedures for early termination
12. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution
1. Guarantor Provisions: Required when a guarantor is involved in securing the purchaser's obligations
2. Additional Security: Used when additional security beyond the vehicle itself is required
3. Special Usage Terms: Included when the vehicle has specific usage restrictions or requirements (e.g., commercial use)
4. Cross-Default Provisions: Included when the purchaser has multiple agreements with the seller
5. Electronic Payment Terms: Specific terms for electronic payment arrangements if applicable
6. Assignment Rights: Detailed assignment provisions if the agreement may be assigned to third parties
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates and amounts
3. Schedule 3 - Insurance Requirements: Specific insurance requirements and minimum coverage details
4. Schedule 4 - Delivery Inspection Report: Condition report at the time of delivery
5. Appendix A - Required Documents: List of documents required from the Purchaser
6. Appendix B - Maintenance Schedule: Manufacturer's recommended maintenance schedule
7. Appendix C - Guarantor Details: Details of guarantor if applicable
Automotive
Financial Services
Banking
Insurance
Transportation
Fleet Management
Leasing
Retail
Legal
Finance
Risk Management
Sales
Compliance
Operations
Credit
Collections
Customer Service
Documentation
Finance Manager
Legal Counsel
Credit Risk Officer
Fleet Manager
Sales Manager
Compliance Officer
Contract Administrator
Credit Analyst
Vehicle Finance Specialist
Operations Manager
Insurance Coordinator
Collections Manager
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