Private Car Sale Installment Agreement Template for Nigeria

1. Parties: Identification and details of the Seller and Buyer, including full names, addresses, and contact information

2. Background: Brief context of the transaction and purpose of the agreement

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

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and current condition

5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amount, payment schedule, and payment methods

6. Transfer of Title and Registration: Terms regarding when and how vehicle title will be transferred, and registration requirements

7. Delivery and Possession: Terms of vehicle delivery and possession arrangements

8. Warranties and Representations: Seller's warranties about vehicle condition and Buyer's acknowledgments

9. Default and Remedies: Consequences of payment default and available remedies for both parties

10. Insurance Requirements: Mandatory insurance coverage requirements during the installment period

11. Governing Law: Specification of Nigerian law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements

1. Schedule A - Vehicle Details: Comprehensive vehicle specifications, features, and known defects

2. Schedule B - Payment Schedule: Detailed installment payment schedule with dates and amounts

3. Schedule C - Vehicle Inspection Report: Pre-sale inspection report detailing vehicle condition

4. Schedule D - Vehicle Documents: List of all vehicle documents provided (registration, maintenance records, etc.)

5. Appendix 1 - Photographs: Dated photographs of the vehicle showing condition at time of sale