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The Car Sale Installment Agreement is essential for transactions where vehicles are sold through structured payment plans in India. It combines elements of sale, financing, and security agreements, ensuring compliance with Indian contract law, consumer protection regulations, and motor vehicle legislation. This document is particularly useful for car dealerships, financial institutions, and private sellers who wish to offer financing options to buyers. The agreement protects the seller's interests by retaining title until full payment while providing buyers with clear terms for vehicle acquisition. It includes crucial details about the vehicle, payment schedule, ownership transfer conditions, insurance requirements, and default remedies, making it a comprehensive instrument for installment-based vehicle sales.

1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and contact information

2. Background: Context of the sale, establishing the seller's ownership and buyer's interest in purchasing the vehicle through installments

3. Definitions: Definitions of key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Installments', 'Due Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration details

5. Purchase Price and Payment Terms: Total purchase price, down payment, number of installments, installment amounts, and payment schedule

6. Delivery and Registration: Terms regarding vehicle delivery, transfer of registration, and related documentation

7. Title and Ownership: Conditions regarding transfer of ownership, retention of title until full payment, and restrictions on sale or transfer

8. Insurance Requirements: Mandatory insurance requirements and responsibilities for maintaining insurance coverage

9. Representations and Warranties: Warranties regarding vehicle condition, seller's right to sell, and buyer's capacity to enter agreement

10. Default and Remedies: Consequences of payment default, repossession rights, and other remedies

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes