Dealer Arranged Conditional Sale Agreement Template for Ireland

A Dealer Arranged Conditional Sale Agreement is essential when you're purchasing a vehicle in Ireland through dealer-facilitated financing. This legal document creates a structured three-way relationship between you as the customer, the vehicle dealer, and the finance provider, ensuring all parties understand their rights and obligations under Irish law.

When do you need this document?

You'll need this agreement whenever you're buying a new or used vehicle and the dealer arranges financing on your behalf through a third-party lender. This is particularly common when purchasing from established dealerships that have relationships with banks, credit unions, or specialist vehicle finance companies. The agreement is also required when you're trading in an existing vehicle as part of the transaction, or when you need a guarantor to secure the financing. Whether you're buying a family car, commercial vehicle, or motorcycle, if the dealer is facilitating the credit arrangement rather than you applying directly to a lender, this document becomes legally necessary to protect all parties involved.

Key legal considerations

Several critical legal elements must be carefully structured in your agreement. The APR calculation must be clearly displayed and accurately calculated according to regulatory standards, as this determines your total cost of borrowing. Payment schedules must specify exact amounts, due dates, and consequences of late payment, while the vehicle description must be detailed enough to avoid disputes. The agreement must clearly state that ownership remains with the finance provider until all payments are completed, and you should understand your rights regarding early settlement, including any applicable rebates. Default provisions need careful review, as they determine what happens if you miss payments, including the finance provider's rights to repossess the vehicle. Additionally, ensure the dealer's commission arrangements are transparent and don't create conflicts of interest that could affect the terms offered to you.

Legal requirements in Ireland

Under the Consumer Credit Act 1995, your agreement must include specific mandatory information and consumer protections. The document must contain statutory notices about your cooling-off period, during which you can withdraw from the agreement without penalty. APR calculations must follow prescribed regulatory formulas, and all charges and fees must be clearly disclosed upfront. The finance provider must be properly licensed under the Central Bank (Supervision and Enforcement) Act 2013, and if the dealer acts as a credit intermediary, they must also comply with relevant regulatory requirements. Your agreement must specify your rights under the Sale of Goods Act 1893 regarding the vehicle's condition and fitness for purpose. Additionally, the document must include clear information about your data protection rights and how your personal information will be used and shared between the parties. Ensure the agreement includes proper dispute resolution mechanisms and references to the Financial Services and Pensions Ombudsman for complaint handling.