The Auto Loan Contract is a fundamental document used in Danish vehicle financing transactions, designed to comply with Danish financial regulations, including the Credit Agreements Act (Kreditaftaleloven) and relevant EU directives. This document is essential when a consumer seeks financing for vehicle purchase from a financial institution in Denmark. It encompasses crucial elements such as loan terms, interest calculations, repayment schedules, and security arrangements, while incorporating mandatory consumer protection provisions required under Danish law. The contract serves as a comprehensive framework for both lender and borrower, detailing their respective rights and obligations, insurance requirements, and default remedies. It's particularly important in establishing clear terms for vehicle-secured financing and ensuring compliance with Danish consumer credit regulations and financial services requirements.

1. Parties: Identification of the lender (financial institution) and borrower(s), including full legal names, addresses, and registration numbers

2. Background: Brief context of the loan agreement, purpose of the loan, and acknowledgment of the vehicle purchase

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Loan Amount', 'Interest Rate', 'Payment Date', etc.

4. Loan Details: Specific details of the loan including principal amount, interest rate, APR, total amount payable, and loan term

5. Vehicle Information: Detailed description of the financed vehicle including make, model, year, VIN, and registration number

6. Payment Terms: Payment schedule, payment methods, due dates, and consequences of late or missed payments

7. Security Interest: Details of the security interest in the vehicle, including registration of the security in the appropriate Danish registry

8. Insurance Requirements: Mandatory insurance requirements for the vehicle and consequences of non-compliance

9. Borrower's Representations: Borrower's confirmations regarding their ability to repay, understanding of terms, and vehicle ownership

10. Default and Remedies: Events of default and the lender's rights and remedies in case of default

11. Early Repayment: Terms and conditions for early loan repayment, including any applicable fees or calculations

12. Maintenance and Use: Requirements for vehicle maintenance and permitted use

13. Governing Law: Specification of Danish law as governing law and jurisdiction

14. Signatures: Execution blocks for all parties and date of signing