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1. Parties: Identification of the seller (dealer), buyer(s), and any co-signers, including full legal names, addresses, and contact information
2. Background: Brief context of the transaction, establishing the dealer's authority to sell and the buyer's intention to purchase
3. Definitions: Key terms used throughout the contract including but not limited to 'Vehicle', 'Purchase Price', 'Annual Percentage Rate', 'Term', and 'Payment Schedule'
4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, odometer reading, and condition
5. Purchase Price and Payment Terms: Complete breakdown of the purchase price, including taxes, fees, down payment, trade-in value, and financing details
6. Financing Terms: Details of the installment plan including APR, payment schedule, total cost of borrowing, and prepayment terms
7. Security Interest: Declaration of the seller's security interest in the vehicle until full payment is received
8. Insurance Requirements: Mandatory insurance coverage requirements and terms
9. Warranties and Conditions: Details of any warranties provided, condition of the vehicle, and as-is provisions if applicable
10. Default and Remedies: Consequences of default and available remedies for both parties
11. Assignment: Terms regarding the seller's right to assign the contract to a financial institution
12. Governing Law: Specification that the agreement is governed by Canadian law and applicable provincial legislation
13. Signatures: Execution block for all parties, including dates and witness requirements
1. Trade-In Vehicle: Details of any vehicle being traded in, including description, value, and condition - used when there is a trade-in vehicle
2. Co-Signer Agreement: Additional terms and obligations for co-signers - included when there is a co-signer on the loan
3. Extended Warranty: Terms of any extended warranty or service contract purchased - included when buyer opts for extended coverage
4. Gap Insurance: Terms of gap insurance coverage - included when buyer opts for gap insurance
5. Electronic Communication Consent: Terms for electronic delivery of notices and documents - included when parties agree to electronic communications
6. Language Selection: Choice of language declaration (English/French) - required in Quebec and optional in other bilingual regions
7. Negative Equity: Details of negative equity from trade-in vehicle being rolled into new financing - included when applicable
1. Schedule A - Vehicle Condition Report: Detailed inspection report of the vehicle's condition at time of sale
2. Schedule B - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between principal and interest
3. Schedule C - Warranty Documentation: Detailed warranty terms, conditions, and coverage periods
4. Schedule D - Insurance Requirements: Specific insurance coverage requirements and minimum terms
5. Appendix 1 - Vehicle History Report: CarFax or similar vehicle history report
6. Appendix 2 - Trade-In Vehicle Assessment: Detailed evaluation of any trade-in vehicle
7. Appendix 3 - Cost of Borrowing Disclosure: Detailed breakdown of all financing costs as required by federal regulations
Annual Percentage Rate (APR)
Assignee
Buyer
Co-Signer
Cost of Borrowing
Default
Delivery Date
Down Payment
Event of Default
Finance Charge
Financial Institution
Governing Law
Insurance Requirements
Installment Payment
Lender
Lien
Manufacturer's Warranty
Material Adverse Change
Maturity Date
Optional Equipment
Payment Date
Payment Schedule
Principal Amount
Purchase Price
Rate of Interest
Retail Selling Price
Security Interest
Seller
Term of Loan
Total Cost of Credit
Trade-In Vehicle
Unpaid Balance
Vehicle
Vehicle Identification Number (VIN)
Warranties
Business Day
Condition Precedent
Extended Warranty
Gap Insurance
Notice
Optional Products
Perfection
Place of Delivery
Prepayment
Registration
Taxes
Definitions
Vehicle Description
Purchase Price
Payment Terms
Financial Disclosure
Security Interest
Insurance Requirements
Warranties
Delivery
Title Transfer
Registration
Default
Remedies
Repossession Rights
Assignment
Notice Requirements
Representations and Warranties
Trade-In
Optional Products
Privacy
Electronic Communications
Governing Law
Dispute Resolution
Termination
Amendment
Severability
Entire Agreement
Force Majeure
Indemnification
Consumer Rights
Cooling-Off Period
Language Selection
Signature Requirements
Automotive Retail
Financial Services
Consumer Lending
Insurance
Automotive Manufacturing
Legal Services
Consumer Services
Legal
Finance
Sales
Compliance
Risk Management
Documentation
Credit
Operations
Customer Service
Administration
Finance Manager
Sales Manager
Automotive Sales Representative
Compliance Officer
Legal Counsel
Financial Services Representative
Contracts Administrator
Credit Manager
Dealership General Manager
Consumer Protection Officer
Risk Management Officer
Documentation Specialist
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