Car Note Contract Template for Canada

1. Co-Signer Provisions: Required when there is a co-signer for the loan, detailing their obligations and rights

2. Prepayment Terms: Include when early payment options are offered, detailing any penalties or calculations

3. Electronic Payment Authorization: Required when automatic payments are being set up

4. Trade-in Details: Include when there is a trade-in vehicle involved in the transaction

5. Assignment Rights: Include when the lender wishes to reserve the right to assign the loan

6. GPS Tracking Consent: Required when the vehicle includes GPS tracking or payment assurance devices

7. Language Rights: Required in Quebec or where language rights must be addressed

1. Schedule A - Payment Schedule: Detailed amortization schedule showing all payments, interest, and principal allocations

2. Schedule B - Vehicle Condition Report: Detailed description of vehicle condition at time of agreement

3. Schedule C - Insurance Requirements: Specific insurance coverage requirements and minimum limits

4. Schedule D - Cost of Credit Disclosure: Detailed breakdown of all costs of borrowing as required by provincial law

5. Appendix 1 - Vehicle Registration: Copy of vehicle registration documents

6. Appendix 2 - Insurance Certificates: Copies of insurance certificates showing required coverage