All Countries
Investment
Auto Finance Agreement

Auto Finance Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Auto Finance Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Auto Finance Agreement

"Need a standard Auto Finance Agreement under Malaysian law for financing a fleet of commercial vehicles for a logistics company, with quarterly payment terms and a loan period of 5 years starting March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Auto Finance Agreement is a crucial document used in Malaysia when a customer requires financing to purchase a motor vehicle. It establishes a legally binding relationship between the finance provider and the borrower/hirer, structured typically as a hire-purchase arrangement under Malaysian law. The agreement must comply with the Hire-Purchase Act 1967 and other relevant Malaysian financial regulations, including mandatory consumer protection provisions. It details all aspects of the financing arrangement, including vehicle specifications, payment terms, interest calculations, insurance requirements, and party obligations. This document is essential for both consumer and commercial vehicle financing transactions in Malaysia, providing security for the finance provider while ensuring borrower rights are protected under local law.
Suggested Sections

1. Parties: Identification of the finance provider and the borrower/hirer with complete details as required by law

2. Background: Context of the agreement and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the financed vehicle including make, model, year, chassis number, and engine number

5. Facility Terms: Core financial terms including principal amount, interest rate, payment period, and total amount payable

6. Payment Terms: Details of payment schedule, method of payment, and consequences of early or late payment

7. Security: Details of the security interest over the vehicle and any additional security required

8. Insurance Requirements: Mandatory insurance requirements and specifications as per Hire-Purchase Act

9. Representations and Warranties: Standard declarations by the borrower regarding their capacity and authority

10. Borrower Covenants: Ongoing obligations of the borrower including vehicle maintenance and usage restrictions

11. Events of Default: Circumstances constituting default and consequences thereof

12. Termination: Conditions and process for termination of the agreement

13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

Optional Sections

1. Islamic Finance Provisions: Required when the financing is Shariah-compliant, including specific terms and structure

2. Guarantor Provisions: Required when a guarantor is party to the agreement

3. Additional Security: Required when additional collateral besides the vehicle is provided

4. Electronic Communication Consent: Optional section for agreements allowing electronic notifications and statements

5. Special Conditions: For any non-standard terms specific to the particular financing arrangement

6. Direct Debit Authorization: When automatic payment arrangements are being established

Suggested Schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of all payments including principal and interest components

2. Schedule 2 - Vehicle Specification: Detailed technical specifications and condition report of the vehicle

3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

4. Schedule 4 - Fees and Charges: Comprehensive list of all applicable fees and charges

5. Appendix A - Direct Debit Authorization Form: Standard form for setting up automatic payments

6. Appendix B - Vehicle Delivery and Acceptance Certificate: Document confirming delivery and acceptance of the vehicle

7. Appendix C - Guarantor Declaration Form: Required documentation when a guarantor is involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Annual Percentage Rate
Business Day
Borrower
Commencement Date
Default Interest
Default Rate
Delivery Date
Down Payment
Early Settlement
Event of Default
Facility
Finance Amount
Finance Provider
Guarantor
Identity Card
Insurance Policy
Interest Rate
Late Payment Charge
Loan Term
Maturity Date
Monthly Installment
Payment Date
Principal Amount
Purchase Price
Rebate
Repayment Schedule
Security Interest
Stamp Duty
Term
Total Amount Payable
Vehicle
Vehicle Dealer
Vehicle Documents
Vehicle License
Vehicle Registration
Relevant Industries

Financial Services

Automotive

Banking

Insurance

Consumer Finance

Transportation

Fleet Management

Retail

Legal Services

Relevant Teams

Legal

Finance

Credit

Compliance

Risk Management

Sales

Operations

Collections

Customer Service

Documentation

Underwriting

Branch Operations

Relevant Roles

Legal Counsel

Finance Manager

Credit Officer

Compliance Officer

Risk Manager

Auto Finance Specialist

Sales Manager

Contract Administrator

Collections Manager

Customer Service Manager

Documentation Specialist

Vehicle Finance Officer

Branch Manager

Underwriter

Operations Manager

Industries
Hire-Purchase Act 1967: The primary legislation governing vehicle financing in Malaysia, setting out requirements for hire-purchase agreements, including mandatory terms, disclosure requirements, and consumer protection provisions
Financial Services Act 2013: Regulates financial institutions and financial service providers in Malaysia, including those offering auto financing services
Consumer Protection Act 1999: Provides general consumer protection provisions, including unfair contract terms and consumer rights that must be reflected in the agreement
Contracts Act 1950: Sets out the basic principles of contract law in Malaysia, including formation, validity, and enforcement of contracts
Stamp Act 1949: Governs the stamp duty requirements for financial documents and agreements in Malaysia
Road Transport Act 1987: Contains provisions regarding vehicle registration and ownership transfer that may affect the financing agreement
Personal Data Protection Act 2010: Regulates the collection, use, and handling of personal data in commercial transactions, including financial agreements
Islamic Financial Services Act 2013: Relevant if the auto financing is to be offered under Islamic banking principles (Shariah-compliant financing)
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Regulated Hire Purchase Agreement

A Malaysian regulated agreement for purchasing goods through installment payments, governed by the Hire Purchase Act 1967, establishing terms between financier and purchaser.

find out more

Personal Loan Agreement Contract

A Malaysian-law governed agreement establishing terms and conditions for a personal loan between a financial institution and individual borrower.

find out more

Agreement Between Financier And Producer

Malaysian law-governed agreement establishing terms for production financing between a financier and producer, including funding terms and compliance requirements.

find out more

Film Equity Investment Agreement

Malaysian-law governed agreement establishing terms for equity investment in film projects, including ownership, profit-sharing, and regulatory compliance.

find out more

Intercreditor Deed

A Malaysian law agreement establishing priorities and relationships between multiple creditors lending to the same borrower.

find out more

Trade Finance Agreement

A Malaysian law-governed agreement establishing trade finance facilities between a bank and commercial entity, outlining terms, conditions, and compliance requirements for trade financing.

find out more

Promissory Loan Agreement

A Malaysian law-governed agreement documenting a loan arrangement, including repayment terms, interest rates, and enforcement provisions.

find out more

Owner Finance Agreement

A Malaysian law-governed agreement where the property seller provides direct financing to the buyer, detailing purchase terms and payment arrangements.

find out more

Business Loan Term Sheet

A preliminary document outlining key terms and conditions for a business loan facility under Malaysian law and banking regulations.

find out more

Auto Finance Contract

A Malaysian law-governed agreement for vehicle financing, setting out terms and conditions for the purchase of motor vehicles through financial institutions.

find out more

Auto Finance Agreement

A Malaysian law-governed agreement setting out terms and conditions for vehicle financing between a finance provider and borrower, compliant with the Hire-Purchase Act 1967.

find out more

Loan Agreement Between Two Companies

A Malaysian law-governed agreement establishing loan terms and conditions between two companies, including financial obligations and legal safeguards.

find out more

Company Loan Agreement To Employee

A Malaysian law-governed agreement establishing terms for a company loan to an employee, including repayment terms and employment-related provisions.

find out more

Inter Company Loan Agreement

A Malaysian law-governed agreement establishing loan terms between related companies within the same corporate group, including financial terms and compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.