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1. Parties: Identification of the credit provider/seller and the purchaser/borrower with full legal names and addresses
2. Background: Context of the agreement including the purpose of the payment plan and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the contract
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and condition
5. Financial Terms: Purchase price, deposit amount, total amount financed, interest rate, payment schedule, and total amount payable
6. Payment Obligations: Details of payment amounts, frequency, method of payment, and due dates
7. Security Interest: Creation and registration of security interest in the vehicle under the PPSA
8. Insurance Requirements: Mandatory insurance requirements and specifications
9. Default and Enforcement: Consequences of default, enforcement rights, and remedies
10. Warranties and Representations: Warranties about the vehicle and representations by both parties
11. Termination: Circumstances and process for early termination or payout
12. General Provisions: Standard contract clauses including governing law, notices, and amendments
13. Execution: Signing provisions and execution blocks
1. Guarantor Provisions: Required when a guarantor is providing additional security for the payment plan
2. Trade-In Details: Include when there is a trade-in vehicle involved in the transaction
3. Additional Features: Details of any additional features or modifications to be included with the vehicle
4. Balloon Payment: Include when the payment plan includes a final balloon payment
5. Special Conditions: Any special or unusual conditions specific to this transaction
6. Credit Assessment: Include detailed credit assessment information when required by specific lender policies
1. Schedule 1 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between principal and interest
2. Schedule 2 - Vehicle Condition Report: Detailed report of the vehicle's condition at time of sale including photographs
3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
4. Appendix A - Credit Information Statement: Mandatory credit information statement as required by the National Credit Code
5. Appendix B - Statutory Warranties: Details of statutory warranties and consumer guarantees that apply
6. Appendix C - Direct Debit Request: Direct debit authorization form if applicable
Annual Percentage Rate
Balloon Payment
Business Day
Commencement Date
Contract Price
Credit Provider
Default Event
Default Interest Rate
Deposit
Due Date
Early Termination Fee
Guarantor
Installation Payment
Insurance Policy
Interest Charges
Late Payment Fee
Loan Term
Manufacturer's Warranty
Payment Date
Payment Schedule
PPSA
PPSR
Principal Amount
Purchaser
Registration
Repayment Amount
Schedule
Security Interest
Settlement Date
Statutory Warranty
Term
Total Amount Payable
Trade-in Vehicle
Vehicle
Vehicle Condition Report
Vehicle Documents
Vehicle Identification Number
Vehicle Registration Number
Vehicle Details
Security Interest
Insurance Requirements
Default and Enforcement
Warranties and Representations
Credit Terms
Interest Charges
Vehicle Maintenance
Risk and Title
Registration and Transfer
Early Termination
Default Interest
Repossession Rights
Consumer Protection
Privacy and Data Protection
Force Majeure
Assignment and Transfer
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Costs and Expenses
GST and Taxes
Execution
Guarantee and Indemnity
Automotive
Financial Services
Consumer Finance
Vehicle Sales
Insurance
Legal Services
Retail Banking
Consumer Credit
Legal
Finance
Compliance
Sales
Risk Management
Collections
Customer Service
Credit Assessment
Documentation
Operations
Finance Manager
Sales Manager
Compliance Officer
Legal Counsel
Credit Manager
Automotive Finance Specialist
Contract Administrator
Risk Manager
Collections Manager
Customer Service Representative
Vehicle Sales Executive
Dealership Manager
Credit Assessment Officer
Documentation Specialist
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