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The Car Payment Agreement Between Two Parties is essential for transactions involving vehicle purchases with installment payments in Belgium. This document is commonly used when a buyer cannot or prefers not to make a full upfront payment for a vehicle. It provides legal protection for both parties by clearly defining payment terms, ownership rights, and obligations under Belgian law. The agreement incorporates requirements from the Belgian Civil Code, Consumer Credit Act, and vehicle registration regulations. It's particularly important for ensuring compliance with Belgian financial regulations regarding payment terms and ownership transfer. The document typically includes detailed vehicle information, payment schedules, insurance requirements, and default provisions, making it suitable for both private and commercial transactions.
