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The Car Sale Contract With Payments is essential for any vehicle sale transaction in Pakistan where the full purchase price is not paid upfront but through installments. This document is commonly used by individuals, dealerships, and businesses engaging in vehicle sales with payment plans. It provides comprehensive coverage of vehicle specifications, payment schedules, ownership rights, and security arrangements while ensuring compliance with Pakistani legislation including the Contract Act 1872 and Motor Vehicles Ordinance 1965. The contract is particularly important in protecting both parties' interests by clearly defining payment obligations, transfer conditions, and default remedies. It includes necessary provisions for vehicle registration transfer, insurance requirements, and maintenance obligations during the payment period, making it suitable for both private and commercial vehicle sales transactions.

1. Parties: Identification of seller and buyer with complete details including CNIC numbers, addresses, and contact information

2. Background: Context of the sale, including brief description of the transaction and intent of parties

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Installments', 'Transfer Date', etc.

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

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

6. Transfer of Ownership: Conditions and process for transfer of vehicle ownership, including documentation requirements and timing

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, encumbrances, and legal status

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

9. Default and Remedies: Consequences of payment default, repossession rights, and dispute resolution procedures

10. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation

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