Ƶ

Car Payment Agreement Between Two Parties for Singapore

Car Payment Agreement Between Two Parties Template for Singapore

A legally binding agreement governed by Singapore law that outlines the terms and conditions for the payment of a vehicle between two parties. The agreement incorporates requirements under Singapore's Road Traffic Act, Hire-Purchase Act, and relevant LTA regulations. It details payment schedules, ownership transfer conditions, and default provisions while ensuring compliance with local vehicle registration and transfer requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Car Payment Agreement Between Two Parties

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Car Payment Agreement Between Two Parties?

The Car Payment Agreement Between Two Parties is essential when structuring vehicle purchases with installment payments in Singapore. This document becomes necessary when a vehicle is being sold with payments spread over time, rather than a single lump sum transaction. It protects both parties by clearly defining payment terms, ownership rights, and responsibilities while ensuring compliance with Singapore's vehicle ownership and transfer regulations. The agreement typically includes detailed vehicle specifications, payment schedules, default provisions, and ownership transfer conditions, all aligned with Singapore's legal framework including the Road Traffic Act and Hire-Purchase Act.

What sections should be included in a Car Payment Agreement Between Two Parties?

1. Parties: Identification and details of both parties involved in the agreement

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Vehicle Details: Complete specification of the vehicle including registration number, make, model

5. Payment Terms: Amount, schedule, and method of payments

6. Transfer of Ownership: Conditions and process for ownership transfer

7. Default Provisions: Consequences of payment default

What sections are optional to include in a Car Payment Agreement Between Two Parties?

1. Insurance Requirements: Specific insurance obligations when insurance responsibilities need to be clearly allocated

2. Maintenance Obligations: Vehicle maintenance responsibilities when vehicle is under shared use or long-term payment plan

3. Early Payment Provisions: Terms for early settlement when early payment options are allowed

What schedules should be included in a Car Payment Agreement Between Two Parties?

1. Payment Schedule: Detailed breakdown of payment dates and amounts

2. Vehicle Inspection Report: Current condition of vehicle at time of agreement

3. Vehicle Registration Documents: Copies of official registration papers and COE

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

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Payment Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions






























Clauses




























Industries

Road Traffic Act (Chapter 276): Primary legislation governing road traffic, vehicles, and related matters in Singapore, including vehicle ownership and transfer regulations

Hire-Purchase Act (Chapter 125): Regulates hire-purchase agreements and provides protection for parties involved in credit purchase arrangements for vehicles

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumer interests in transactions, including vehicle purchases

Misrepresentation Act: Provides remedies for parties who enter into contracts based on false or misleading statements

Contract Law (Common Law): Fundamental principles governing contract formation, terms, and enforcement in Singapore's legal system

LTA Regulations: Land Transport Authority rules governing vehicle ownership, transfer, and registration requirements

MAS Guidelines: Monetary Authority of Singapore guidelines on private lending and financial arrangements

Registration and Identification of Vehicles Rules: Specific regulations concerning vehicle registration and identification procedures

Sale of Goods Act: Legislation governing the sale and purchase of goods, including vehicles, and related contractual obligations

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in transactions and agreements

Stamp Duties Act: Governs the payment of stamp duties on documents and transactions, including vehicle transfers

COE Requirements: Certificate of Entitlement regulations affecting vehicle ownership and transfer in Singapore

Insurance Requirements: mandatory insurance coverage requirements for vehicle ownership and operation in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Freelance Payment Contract

A Singapore-law governed contract defining payment terms and conditions between clients and freelancers.

Download

Undertaking Letter For Commission Payment

A Singapore law-governed undertaking letter that commits to specific commission payments, outlining terms and conditions between parties.

Download

Tripartite Agreement For Third Party Payment

A Singapore-law governed agreement establishing terms for a third party to make payments on behalf of a debtor to a creditor.

Download

Settlement Agreement Payment Terms

A Singapore law-governed document specifying the terms and conditions for settlement payments between parties to resolve a dispute.

Download

Royalty Agreement Form

A Singapore-law governed agreement establishing terms for intellectual property licensing and royalty payments.

Download

Recurring Payment Agreement

A Singapore-law governed agreement establishing terms for automated regular payments between parties, compliant with local payment services and consumer protection regulations.

Download

Rental Agreement Advance Payment

A Singapore-compliant legal document governing advance rental payments between landlord and tenant, including payment terms and conditions.

Download

Personal Loan Repayment Agreement

A legally binding agreement under Singapore law that establishes terms for personal loan repayment, including loan amount, interest, and payment schedule.

Download

Payment Plan Letter To Debtor

A Singapore-compliant formal agreement establishing structured repayment terms for outstanding debt.

Download

Payment For Non Compete Agreement

A Singapore-governed agreement providing payment in exchange for post-employment non-compete restrictions.

Download

Payment For Contract

A Singapore-law governed agreement establishing payment terms and conditions for contractual obligations.

Download

Pay Off Agreement

A Singapore-law governed agreement detailing terms and conditions for debt settlement, including payment schedule and release provisions.

Download

Pay Back Contract

A legally binding agreement under Singapore law that establishes terms for the repayment of funds between parties.

Download

Partial Payment Agreement For Lot

A Singapore-governed agreement establishing terms for purchasing a lot through structured partial payments, detailing payment schedule and parties' obligations.

Download

Partial Payment Agreement For House And Lot

A Singapore-compliant agreement outlining terms for purchasing property through structured partial payments.

Download

Loan Repayment Agreement Letter

A Singapore-compliant agreement outlining loan repayment terms and conditions between lender and borrower.

Download

Non Payment Agreement

A Singapore-law governed agreement that formally documents terms and conditions for the non-payment or modification of financial obligations between parties.

Download

Lot Payment Agreement

A Singapore-governed agreement establishing terms and payment schedule for purchasing a lot of land or property.

Download

Land Payment Agreement Letter

A formal document used in Singapore that specifies payment terms and conditions for land acquisition transactions.

Download

Install Agreement

A Singapore law-governed agreement defining terms and conditions for equipment or system installation services.

Download

Independent Contractor Payment Agreement

A Singapore-law governed agreement setting payment terms between companies and independent contractors, establishing service scope and compensation structure.

Download

Final Payment Agreement

A Singapore-law governed agreement that documents final payment terms and mutual releases between parties, concluding a contractual relationship.

Download

Employee Repayment Agreement Letter

A Singapore-compliant document establishing terms for employee repayment of costs to their employer.

Download

Down Payment Contract

A Singapore-compliant legal agreement establishing terms and conditions for an advance partial payment in a purchase transaction.

Download

Delayed Payment Agreement

A Singapore law-governed agreement that restructures existing debt payment terms between creditor and debtor.

Download

Commitment Letter To Pay Debt

A legally binding commitment under Singapore law to pay an acknowledged debt according to agreed terms.

Download

Commission Payment Agreement

A Singapore-law governed agreement establishing terms for commission-based compensation between parties, including payment terms and performance requirements.

Download

Car Payment Agreement Between Two Parties

A Singapore-law governed agreement establishing payment terms and conditions between two parties for vehicle purchase.

Download

Billing Agent Agreement

A Singapore-law governed agreement establishing terms for billing and collection services between a billing agent and principal.

Download

Arrears Repayment Agreement

A Singapore-compliant agreement establishing terms for repayment of outstanding debts in arrears.

Download

Agreement To Pay Rent Arrears

A Singapore-compliant agreement establishing terms for repayment of outstanding rent between landlord and tenant.

Download

Agreement Letter For Receiving Money

A Singapore-law governed agreement letter acknowledging and setting terms for the receipt of money between parties.

Download

Agreement For Cash Payment

A Singapore-law governed agreement establishing terms for monetary transactions between parties, including payment schedules and compliance requirements.

Download

Accident Payment Agreement Letter

A Singapore-compliant legal document outlining accident compensation terms and payment agreements between involved parties.

Download

Advance Payment Contract

A Singapore law-governed agreement establishing terms for payments made in advance of goods or services delivery.

Download

Advance Payment Agreement

A Singapore law-governed agreement establishing terms and conditions for advance payments between parties, including security arrangements and refund mechanisms.

Download

Third Party Payment Contract

A Singapore law-governed contract establishing terms for third party payment arrangements between a payor, debtor, and creditor.

Download

Tenancy Agreement Payment

A Singapore-compliant agreement outlining rental payment terms between landlord and tenant.

Download

Sale Payment Agreement

A Singapore-law governed agreement establishing payment terms and conditions for sales transactions.

Download

Prepayment Agreement

A Singapore law-governed agreement establishing terms for advance payment arrangements between parties.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it