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The Owner Finance Car Sale Contract is designed for situations where a vehicle seller in Ireland provides direct financing to the buyer, rather than the buyer obtaining third-party financing through a bank or traditional lender. This arrangement is particularly useful when buyers cannot secure traditional financing or when sellers prefer to earn interest income while selling their vehicle. The document incorporates requirements from Irish consumer credit legislation, vehicle sales regulations, and financial services laws, providing a comprehensive framework for the transaction. It includes essential elements such as vehicle details, payment terms, interest rates, security arrangements, maintenance requirements, and default provisions. This contract type is commonly used in private sales, small dealerships, and situations where traditional financing options may not be suitable or available.

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

2. Background: Context of the transaction, establishing that this is an owner-financed vehicle sale

3. Definitions: Key terms used throughout the agreement including Vehicle, Purchase Price, Finance Amount, etc.

4. Sale Agreement: Details of the vehicle sale including price, condition, and transfer of ownership

5. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, registration number, and current mileage

6. Purchase Price and Payment Terms: Total purchase price, down payment, and financing details including payment schedule

7. Interest and Finance Charges: Interest rate, APR, total amount of finance charges, and calculation method

8. Security Interest: Seller's security interest in the vehicle until full payment is made

9. Insurance Requirements: Mandatory insurance requirements and specifications

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

11. Default and Remedies: Consequences of payment default and available remedies

12. Transfer of Title: Process and conditions for final transfer of vehicle title

13. Governing Law: Specification of Irish law as governing law and jurisdiction

14. Signatures: Execution section with date and signatures