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1. Parties: Identification of the seller and buyer with complete contact details and proof of identity
2. Background: Brief context of the sale transaction and the parties' intention to enter into a payment-based vehicle purchase arrangement
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Installment', 'Payment Period', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current condition
5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amounts, payment schedule, and payment methods
6. Transfer of Title: Conditions and process for the transfer of vehicle ownership upon completion of payments
7. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
8. Buyer's Obligations: Buyer's responsibilities including insurance, maintenance, and usage restrictions during the payment period
9. Default and Remedies: Consequences of payment default and available remedies for both parties
10. Governing Law and Jurisdiction: Specification of applicable Indian law and jurisdiction for dispute resolution
1. Insurance Requirements: Detailed insurance obligations when specific types of coverage are required beyond statutory requirements
2. Third-Party Guarantor: Include when a guarantor is providing additional security for the payments
3. Early Payment Provisions: Terms for early payment of the full amount and any applicable discounts
4. Vehicle Use Restrictions: Specific restrictions on vehicle use, particularly relevant for commercial vehicles or luxury cars
5. Cross-Border Usage: Terms for using the vehicle outside the state/country, if permitted
6. Maintenance Requirements: Specific maintenance obligations beyond standard care, particularly for high-value vehicles
7. Refinancing Options: Terms for refinancing the remaining payments, if allowed
1. Schedule A - Vehicle Specification: Detailed technical specifications, features, and accessories of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and payment methods
3. Schedule C - Vehicle Inspection Report: Current condition report with photographs and noted defects or damage
4. Schedule D - Maintenance History: Record of previous maintenance and repairs
5. Appendix 1 - Required Documentation: List of documents required for vehicle transfer and registration
6. Appendix 2 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Vehicle
Purchase Price
Down Payment
Installment Payment
Payment Period
Payment Date
Default
Interest Rate
Late Payment Charges
Registration Certificate
Vehicle Documents
Effective Date
Completion Date
Transfer Date
Seller
Buyer
Guarantor
Insurance Coverage
Encumbrance
Force Majeure
Business Day
Registration Authority
Vehicle Identification Number
Maintenance Records
Warranties
Default Notice
Permitted Use
Territory
Repossession
Outstanding Balance
Early Payment
Transfer Documents
Applicable Law
Security Interest
Payment Terms
Vehicle Description
Title Transfer
Representations and Warranties
Delivery
Registration and Documentation
Insurance
Default and Remedies
Repossession Rights
Maintenance and Use
Risk and Liability
Force Majeure
Notices
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Indemnification
Termination
Survival
Further Assurance
Costs and Expenses
Automotive
Financial Services
Transportation
Fleet Management
Retail
Insurance
Legal Services
Logistics
Car Dealership
Vehicle Leasing
Legal
Sales
Finance
Compliance
Operations
Risk Management
Documentation
Business Development
Credit Assessment
Customer Service
Legal Counsel
Automotive Sales Manager
Finance Manager
Compliance Officer
Fleet Manager
Vehicle Sales Executive
Contract Administrator
Business Development Manager
Risk Manager
Documentation Specialist
Legal Administrator
Sales Director
Credit Manager
Operations Manager
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