Car Pawn Agreement Template for Philippines

1. Insurance: Requirements for insurance coverage of the vehicle during the pawn period, recommended when the vehicle value is substantial

2. Third-Party Claims: Provisions dealing with potential third-party claims on the vehicle, useful when there's uncertainty about potential claimants

3. Maintenance and Storage: Specific terms regarding vehicle maintenance and storage arrangements, important for high-value or classic cars

4. Early Redemption: Terms for early redemption of the vehicle, including any applicable discounts or penalties

5. Extension Provisions: Terms for extending the pawn period, recommended when flexibility might be needed

6. Vehicle Usage Rights: Terms allowing limited usage of the vehicle during the pawn period, applicable in special arrangements

1. Schedule A - Vehicle Details: Detailed description of the vehicle including make, model, year, color, engine number, chassis number, plate number, registration details, and current market value

2. Schedule B - Loan Calculation: Detailed breakdown of loan amount, interest calculation, fees, and payment schedule

3. Schedule C - Vehicle Condition Report: Comprehensive report on the vehicle's condition at the time of pawning, including photographs and noted defects

4. Schedule D - Required Documents: List of all required documents submitted by the Pawner (e.g., OR/CR, valid ID, proof of ownership)

5. Appendix 1 - Vehicle Photos: Dated photographs of the vehicle from multiple angles showing its condition at the time of pawning