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Private Party Car Sale With Payments Contract Template
I need a Private Party Car Sale With Payments Contract Template for selling my BMW 3 Series, where the buyer will pay £15,000 in monthly installments over 18 months, with specific provisions for early payment options and clear consequences for payment defaults.
1. Parties: Full legal names and addresses of buyer and seller
2. Background: Context of the sale and basic transaction structure
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Complete description of vehicle including make, model, registration, VIN, mileage
5. Purchase Price and Payment Terms: Total price and detailed payment schedule
6. Transfer of Title: Conditions for ownership transfer and documentation requirements
7. Representations and Warranties: Seller's statements about vehicle condition and ownership
8. Default Provisions: Consequences of payment default or breach
9. Governing Law: Specification of English and Welsh law governance
1. Insurance Requirements: Specific insurance obligations during payment period when payments are spread over time and vehicle is in buyer's possession
2. Maintenance Obligations: Requirements for vehicle maintenance during payment period, typically used for higher-value vehicles or longer payment terms
3. Security Interest: Seller's security interest in vehicle until full payment, recommended for significant payment periods or higher-value transactions
4. Early Payment Provisions: Terms for early payment completion, included when allowing early payment option
1. Payment Schedule: Detailed breakdown of payment amounts and dates
2. Vehicle Condition Report: Detailed assessment of vehicle condition at sale
3. Vehicle Documentation: Copies of V5C, MOT, service history
4. Vehicle Photographs: Date-stamped photos documenting vehicle condition
Authors
Vehicle
Purchase Price
Completion Date
Deposit
Down Payment
Instalment Payment
Payment Schedule
Default
Transfer Date
Registration Document
Vehicle Documentation
VIN
MOT Certificate
Service History
Warranties
Seller's Representations
Payment Period
Business Day
Interest Rate
Late Payment Fee
Transfer of Title
Security Interest
Material Breach
Force Majeure
Completion
Early Termination
Outstanding Balance
Vehicle Condition Report
Effective Date
Payment Terms
Vehicle Description
Transfer of Title
Delivery
Representations and Warranties
Vehicle Condition
Default and Remedies
Insurance Requirements
Registration and Documentation
Risk and Possession
Maintenance Obligations
Security Interest
Early Payment
Termination
Force Majeure
Assignment
Notices
Dispute Resolution
Entire Agreement
Severability
Amendments
Governing Law
Counterparts
Data Protection
Signatures and Witnessing
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