Car Purchase Payment Agreement Template for Philippines

1. Trade-In Provisions: Used when the buyer is trading in another vehicle as part of the purchase

2. Third-Party Financing: Required when a bank or financial institution is involved in financing the purchase

3. Insurance Requirements: Detailed insurance obligations when specific coverage is required during the payment period

4. Co-Buyer Provisions: Necessary when there is more than one buyer or a guarantor involved

5. Vehicle Maintenance Requirements: Used when specific maintenance conditions must be met during the payment period

6. Early Payment Provisions: Details terms for early payment or full settlement of the remaining balance

7. Security Interest: Required when the seller maintains a security interest in the vehicle until full payment

1. Schedule A - Vehicle Specifications: Detailed technical specifications of the vehicle and list of included accessories

2. Schedule B - Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance

3. Schedule C - Vehicle Inspection Report: Comprehensive inspection report documenting the vehicle's condition at sale

4. Schedule D - Warranty Details: Specific warranty terms, coverage, and claim procedures if applicable

5. Appendix 1 - Required Documentation: List of all required documentation for vehicle transfer and registration

6. Appendix 2 - Vehicle Photographs: Dated photographs of the vehicle documenting its condition at sale