The Auto Finance Contract is a critical document used in Australian vehicle financing transactions to establish legally binding arrangements between finance providers and borrowers purchasing motor vehicles. It must comply with strict regulatory requirements under the National Consumer Credit Protection Act 2009, the Personal Property Securities Act 2009, and other relevant Australian legislation. The document is designed to protect both the lender's security interest in the financed vehicle and the borrower's consumer rights, incorporating mandatory disclosure requirements, responsible lending obligations, and clear terms for interest rates, payments, and default procedures. It's essential for both consumer and commercial vehicle financing, requiring careful attention to state-specific regulations and Australian consumer credit law compliance.

1. Parties: Identification of the finance provider, borrower(s), and any guarantors

2. Background: Context of the agreement including purpose of the loan and brief description of the transaction

3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation

4. Vehicle Details: Comprehensive description of the financed vehicle including make, model, VIN, registration number

5. Loan Amount and Purpose: Details of the amount being financed and confirmation of purpose

6. Interest Rate and Charges: Specification of interest rate, calculation method, and all applicable fees and charges

7. Repayment Terms: Payment schedule, amount, frequency, and method of payment

8. Security Interest: Creation and terms of the security interest over the vehicle

9. Insurance Requirements: Mandatory insurance requirements and obligations

10. Borrower's Warranties and Obligations: Borrower's representations and ongoing obligations regarding the vehicle and loan

11. Default and Enforcement: Events of default and lender's enforcement rights

12. Termination: Circumstances and process for early termination or payout

13. Privacy and Information Sharing: Privacy obligations and consent for information sharing

14. General Provisions: Standard contract terms including notices, amendments, governing law