Contract For Selling A Car With Payments

Contract For Selling A Car With Payments Template for Nigeria

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

4.6 / 5

4.8 / 5

Let's create your Contract For Selling A Car With Payments

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

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:

"I need a Contract For Selling A Car With Payments for my 2022 Toyota Camry, where the buyer will pay a 30% down payment and the remaining amount in 24 monthly installments starting March 2025, with the contract governed by Nigerian law."

Document background

The Contract For Selling A Car With Payments is designed for use in Nigeria when transferring vehicle ownership through installment payments rather than a single lump sum payment. This document is essential when either private sellers or dealerships wish to sell vehicles while allowing buyers to pay in installments over time. It includes crucial elements such as vehicle specifications, payment schedules, ownership transfer conditions, and security interests, all compliant with Nigerian law. The agreement protects both parties' interests by clearly defining payment obligations, default consequences, and ownership rights during the payment period. It's particularly relevant in today's market where flexible payment options are increasingly important for vehicle purchases.

Suggested Sections

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

2. Background: Brief context of the transaction and the parties' intention to enter into a car sale agreement with payment terms

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Details: Complete description of the vehicle including make, model, year, VIN, color, mileage, and current condition

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

6. Transfer of Title and Ownership: Terms regarding when and how vehicle ownership will transfer, including registration requirements

7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and absence of liens

8. Buyer's Obligations: Buyer's responsibilities including payments, insurance, and maintenance during the payment period

9. Default and Remedies: Consequences of payment default and available remedies for both parties

10. Delivery and Possession: Terms for vehicle delivery and possession arrangements

11. Governing Law and Jurisdiction: Specification that Nigerian law governs the agreement and jurisdiction for disputes

Optional Sections

1. Insurance Requirements: Specific insurance requirements during the payment period - include if seller requires particular coverage

2. Trade-in Vehicle: Details of any trade-in vehicle being used as part of the purchase - include if there's a trade-in

3. Security Interest: Terms regarding seller's security interest in the vehicle - include if seller maintains legal interest until full payment

4. Early Payment Provisions: Terms for early payment or contract termination - include if early payment options are offered

5. Co-signer Details: Information and obligations of any co-signer - include if there's a co-signer

6. Maintenance Requirements: Specific maintenance requirements during the payment period - include if seller requires particular maintenance standards

Suggested Schedules

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

2. Schedule B - Payment Schedule: Detailed breakdown of payment dates, amounts, and methods

3. Schedule C - Vehicle Documents: List of all vehicle documents provided (registration, maintenance records, etc.)

4. Appendix 1 - Vehicle Photographs: Dated photographs of the vehicle showing condition at time of sale

5. Appendix 2 - Maintenance History: Vehicle's maintenance and repair history

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Legal Services

Insurance

Transportation

Retail

Consumer Goods

Private Transportation

Relevant Teams

Legal

Sales

Finance

Compliance

Risk Management

Documentation

Customer Service

Operations

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Car Dealer

Business Owner

Fleet Manager

Contract Administrator

Credit Manager

Risk Assessment Officer

Vehicle Sales Representative

Documentation Specialist

Find the exact document you need

Investment Agreement Between Individual And Individual

A Nigerian law-governed agreement establishing investment terms and conditions between two individuals, including investment amount, returns, rights, and obligations.

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Contract For Selling A Car With Payments

Authors

Alex Denne

Find the exact document you need

Investment Agreement Between Individual And Individual

Bike Purchase Agreement

Automobile Purchase Agreement

Agreement Of Purchase

Vehicle Purchase Agreement Form

House Offer To Purchase

Equity Investment Contract

Letter Of Intent To Purchase Goods

Agreement For Advance Payment For Purchase Of Land

Contract For Selling A Car With Payments

Agreement For Advance Payment For Purchase Of House

Shares Agreement

Car Lease To Own Agreement

Equipment Purchase Contract

Business Sale Contract

Public Offer Agreement

Buyback Agreement

Vehicle Hire Purchase Agreement

Lease Agreement With Option To Purchase

Home For Sale By Owner Contract

Bike Hire Purchase Agreement

Artwork Purchase Agreement

Aircraft Sale Agreement

Agreement For Advance Payment For Purchase Of Goods

Personal Property Purchase Agreement

Option To Purchase Contract

Non Binding Letter Of Intent To Purchase Product

Dealer Purchase Agreement

Cross Purchase Agreement

Asset Purchase Form

Seller Financed Purchase Agreement

Real Estate Contract Agreement

Offer To Purchase And Contract

Letter Of Intent To Buy A Business

Letter Of Intent For Purchase Order

High Purchase Agreement Form

Basic Real Estate Contract

Commercial Property Sale Agreement

Purchase Agreement For Car Loan

Car Dealer Purchase Agreement Form

Residential Lease Agreement With Option To Purchase

Equipment Purchase And Installation Agreement

Employee Laptop Purchase Agreement

Buy Sell Agreement Form

Wholesale Purchase Agreement Contract

Outright Purchase Agreement

Price Purchase Agreement

Asset Purchase Agreement Form

Product Purchase Agreement

Gas Sale Agreement

Letter Of Intent To Purchase Shares

Land Option Agreement

Entity Purchase Agreement

Mortgage Purchase Agreement

Aircraft Purchase Letter Of Intent

Option To Buy Contract

Security Purchase Agreement

Hardware Purchase Agreement

Direct Purchase Agreement

Software Purchase Agreement

Material Purchase Agreement

Car Purchase Agreement

Intent To Purchase Agreement

Power Sale Agreement

Special Purchase Agreement

Shares Purchase Agreement

Commercial Real Estate Purchase Agreement

Deferred Purchase Agreement

Contract For Purchase Of Goods

Bulk Purchase Agreement

Unit Purchase Agreement

Service Purchase Agreement

Private Sales Agreement

Letter Of Intent To Supply Goods

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise