Contract For Selling A Car In Payments Template for Philippines

1. Co-Maker Provision: Required when there is a guarantor or co-maker for the payments

2. Insurance Requirements: Detailed insurance requirements beyond basic coverage, used when specific insurance terms are needed

3. Early Payment Provisions: Terms for early payment or full settlement, including any applicable discounts

4. Vehicle Inspection and Acceptance: Detailed inspection procedures and acceptance criteria, used for used vehicles or when specific conditions need to be documented

5. Assignment Rights: Terms allowing/restricting the assignment of the contract to third parties

6. Dispute Resolution: Specific procedures for handling disputes, including mediation or arbitration requirements

1. Schedule A - Vehicle Details: Comprehensive technical specifications, features, and accessories of the vehicle

2. Schedule B - Payment Schedule: Detailed amortization table showing all payment dates, amounts, and interest calculations

3. Schedule C - Vehicle Inspection Report: Current condition report with photographs and noted defects or damage

4. Schedule D - Maintenance Requirements: Required maintenance schedule and procedures to maintain warranty validity

5. Appendix 1 - Required Documents: List of all documents required for vehicle registration transfer and financing

6. Appendix 2 - Deed of Chattel Mortgage: Standard form of chattel mortgage document required by Philippine law