The Auto Finance Contract is a crucial document used in South African vehicle financing transactions, designed to comply with the National Credit Act 34 of 2005 and other relevant legislation. It is employed when a borrower requires financing to purchase a vehicle, whether for personal or business use. The contract establishes the legal framework for the credit arrangement, including payment terms, interest rates, security provisions, and ownership conditions. It incorporates mandatory consumer protection provisions required by South African law, details the rights and obligations of all parties, and includes specific requirements for vehicle maintenance, insurance, and default remedies. This document is essential for financial institutions, dealerships, and borrowers in structuring compliant vehicle financing arrangements within the South African jurisdiction.
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.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the credit provider, borrower, and any guarantors with their full details as required by the National Credit Act
2. Background: Context of the agreement and purpose of the vehicle finance
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the financed vehicle including make, model, year, VIN, engine number, and registration details
5. Financial Terms: Purchase price, deposit, loan amount, interest rate, term, and payment schedule as per NCA requirements
6. Payment Terms: Payment method, dates, and consequences of late or missed payments
7. Insurance Requirements: Mandatory insurance coverage requirements and consequences of non-compliance
8. Vehicle Use and Maintenance: Conditions for vehicle use, maintenance obligations, and restrictions
9. Security and Ownership: Retention of title, registration of security interest, and transfer of ownership conditions
10. Default Provisions: Events of default and creditor's remedies in compliance with the NCA
11. Representations and Warranties: Declarations by the borrower regarding their financial status and intended use of the vehicle
12. General Terms: Standard contract provisions including notices, amendments, and governing law
13. Signatures: Execution clause and signature blocks for all parties
1. Guarantor Provisions: Additional terms when a guarantor is involved in the finance agreement
2. Balloon Payment Terms: Specific provisions for agreements including a balloon payment structure
3. Trade-in Details: Terms relating to any vehicle trade-in forming part of the transaction
4. Additional Security: Terms for any additional security required beyond the vehicle itself
5. Value-Added Services: Terms for optional services like extended warranties or service plans
6. Early Settlement: Detailed terms for early settlement options beyond the NCA requirements
7. Cross-Border Use: Special conditions for vehicles that will be used across borders
1. Schedule A - Payment Schedule: Detailed amortization schedule showing all payments, interest, and fees
2. Schedule B - Vehicle Specification: Detailed technical specifications and features of the vehicle
3. Schedule C - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
4. Schedule D - Delivery Acceptance: Vehicle condition report and acceptance confirmation
5. Appendix 1 - Statement of Account: Initial statement of account as required by the National Credit Act
6. Appendix 2 - Pre-agreement Statement: Statutory pre-agreement statement and quotation as per NCA requirements
7. Appendix 3 - Cost of Credit: Detailed breakdown of all costs associated with the credit agreement
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Automotive
Insurance
Banking
Consumer Credit
Transportation
Fleet Management
Retail
Relevant Teams
Legal
Compliance
Credit
Sales
Risk Management
Operations
Collections
Customer Service
Finance
Documentation
Dealer Services
Relevant Roles
Credit Manager
Finance Manager
Legal Counsel
Compliance Officer
Sales Manager
Fleet Manager
Financial Advisor
Credit Analyst
Risk Manager
Operations Manager
Dealership Manager
Contract Administrator
Collections Manager
Customer Service Manager
Find the exact document you need
Commercial Loan Contract
A South African law-governed agreement establishing terms for commercial lending between a financial institution and a business borrower.
Download
Hire Purchase Agreement For Motorcycle
A South African law-governed agreement for the purchase of a motorcycle through installment payments, with ownership retention by the seller until full payment.
Download
Hire Purchase Agreement Motor Vehicle
A South African law-compliant Hire Purchase Agreement for motor vehicles, governing installment-based vehicle purchases with retention of ownership until final payment.
Download
Business Investment Loan Agreement
A South African law-governed agreement establishing terms and conditions for a business investment loan, including loan amount, interest rates, repayment terms, and security arrangements.
Download
Auto Loan Promissory Note
A South African law-governed promissory note documenting a vehicle loan agreement with associated security and payment terms under the National Credit Act.
Download
Facility Agreement Loan
A South African law-governed agreement establishing terms and conditions for a loan facility, including amount, interest, repayment terms, and security arrangements.
Download
Computer Equipment Loan Agreement
A South African law-governed agreement for the temporary loan of computer equipment, establishing terms, conditions, and responsibilities between lender and borrower.
Download
Sellers Finance Agreement
A South African legal agreement where the seller provides direct financing to the purchaser, combining sale and credit terms in compliance with local credit legislation.
Download
Master Securities Loan Agreement
A South African law-governed agreement establishing terms for securities lending transactions between financial institutions, including collateral, margin, and regulatory requirements.
Download
Hand Loan Agreement
A South African legal document formalizing a loan agreement between parties, typically for private lending, outlining loan terms and conditions in accordance with local law.
Download
Co Financing Agreement
A South African law-governed agreement establishing terms and conditions for multiple lenders to jointly provide financing, including rights, obligations, and security arrangements.
Download
Litigation Funding Agreement
A South African law-governed agreement establishing terms for third-party funding of legal proceedings, including funding commitments, success fees, and risk allocation.
Download
Owner Finance Vehicle Contract
A South African law-governed agreement combining vehicle sale and owner-provided financing terms, compliant with National Credit Act requirements.
Download
Loan Facilitation Agreement
A South African law-governed agreement establishing terms between loan facilitators and lenders for loan origination and management services.
Download
Royalty Financing Agreement
A South African law-governed agreement establishing terms for royalty-based financing, including payment terms, calculations, and regulatory compliance requirements.
Download
Loan Participation Agreement
A South African law-governed agreement establishing terms for a participant's acquisition of an interest in a loan facility, including risk-sharing and administrative arrangements.
Download
Overfacility Agreement
A South African law-governed agreement establishing terms for additional credit facilities provided by a financial institution to a borrower beyond existing arrangements.
Download
Loan And Mortgage Agreement
A South African law-governed agreement establishing terms for a property-secured loan, combining lending provisions with mortgage security arrangements.
Download
Hire Purchase Agreement For Car
A South African law-governed agreement for the purchase of a vehicle through installment payments, with the seller retaining ownership until full payment is made.
Download
Film Financing Agreement
A South African law-governed agreement establishing terms and conditions for film production financing, including funding structure, security arrangements, and regulatory compliance requirements.
Download
Vehicle Payment Plan Agreement
A South African law-compliant agreement governing the purchase of a vehicle through scheduled payments, detailing financial terms and ownership conditions.
Download
Vehicle Finance Contract
A South African law-compliant agreement for vehicle financing between a credit provider and customer, outlining terms of credit, vehicle details, and security arrangements.
Download
Undertaking Loan Agreement
South African-compliant loan agreement establishing terms for lending money, including repayment conditions and borrower undertakings.
Download
Trade Finance Facility Agreement
A South African law-governed agreement establishing terms for trade finance facilities between a financial institution and corporate borrower, including facility structure, utilization, and compliance requirements.
Download
Seller Financing Real Estate Contract
A South African law-compliant agreement for property sale with seller-provided financing, combining real estate transfer and credit provision terms.
Download
Master Loan Agreement
A South African law-governed framework agreement establishing terms and conditions for ongoing lending arrangements between a financial institution and borrower.
Download
Margin Loan Agreement
A South African law-governed agreement establishing terms for lending against securities as collateral, with provisions for margin maintenance and regulatory compliance.
Download
Installment Loan Agreement
A South African law-governed agreement setting out terms for a loan repayable in installments, compliant with the National Credit Act.
Download
Financial Support Agreement
A South African law-governed agreement establishing terms for financial support between parties, including payment terms, obligations, and compliance requirements.
Download
Financial Assistance Agreement
South African law-governed agreement establishing terms for providing financial assistance, compliant with the National Credit Act and financial sector regulations.
Download
Car Installment Agreement
A South African law-compliant agreement for vehicle purchase through installment payments, detailing financial terms, obligations, and ownership conditions.
Download
Bridge Financing Agreement
South African law-governed agreement for temporary financing arrangements, typically used as interim funding until permanent financing is secured.
Download
Auto Finance Contract
South African vehicle financing agreement that establishes terms for vehicle purchase financing under National Credit Act requirements.
Download
Municipal Lease Purchase Agreement
A South African law-governed agreement enabling municipalities to acquire assets through lease-to-own arrangements while ensuring compliance with municipal finance regulations.
Download
Vehicle Finance Agreement
A South African law-governed agreement setting out terms for vehicle financing, compliant with the National Credit Act and Consumer Protection Act.
Download
Loan Payoff Agreement
A South African law-governed agreement that documents the terms and conditions for settling and terminating an existing loan, ensuring compliance with local credit legislation.
Download
Mortgage Bond Agreement
A South African law-governed security agreement creating a mortgage bond over immovable property to secure a loan or other obligation.
Download
Master Asset Finance Agreement
A South African law-governed master agreement establishing terms for multiple asset financing transactions between a finance provider and customer.
Download
Development Credit Agreement
A South African law-governed agreement for providing credit facilities for development projects, incorporating local regulatory requirements and development objectives.
Download
Small Credit Agreement
A South African law-governed credit agreement for small loans, compliant with the National Credit Act, documenting terms between a credit provider and consumer.
Download
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
.png)