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1. Parties: Identification and full details of the Seller and Purchaser, including ID numbers, addresses, and contact information
2. Background: Context of the sale and confirmation that the Seller owns the vehicle and wishes to sell it to the Purchaser on terms set out in 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, engine number, registration number, color, and current mileage
5. Purchase Price: Total purchase price, deposit amount (if any), and balance to be paid in installments
6. Payment Terms: Monthly payment amount, payment dates, payment method, and total number of installments
7. Interest Rate: Applicable interest rate and compliance with National Credit Act requirements
8. Transfer of Ownership: Conditions for and timing of ownership transfer, including registration requirements
9. Seller's Warranties: Warranties regarding vehicle ownership, condition, and disclosure of known defects
10. Purchaser's Obligations: Responsibilities including insurance, maintenance, and restrictions on vehicle use until full payment
11. Default Provisions: Consequences of payment default and remedies available to the Seller
12. General Terms: Standard contract clauses including notices, entire agreement, and governing law
13. Signatures: Execution clause and space for parties' signatures, witnesses, and dates
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase price, to be included when there's a trade-in component
2. Insurance Requirements: Specific insurance requirements beyond standard coverage, used when Seller requires particular insurance arrangements
3. Early Payment Provisions: Terms for early settlement of the outstanding balance, including any applicable discounts or penalties
4. Co-signer Details: Information and obligations of a co-signer or guarantor, included when additional security is required
5. Vehicle Maintenance Requirements: Specific maintenance conditions while payments are ongoing, used for high-value or classic vehicles
6. Dispute Resolution: Detailed arbitration or mediation procedures, included for high-value transactions
1. Schedule A - Vehicle Condition Report: Detailed inspection report of the vehicle's condition at time of sale, including photographs
2. Schedule B - Payment Schedule: Detailed breakdown of all payments, due dates, and allocation between principal and interest
3. Schedule C - Vehicle Service History: Documentation of vehicle's service history and maintenance records
4. Schedule D - Vehicle Accessories: List of all accessories and extra features included in the sale
5. Appendix 1 - Vehicle Registration Documents: Copies of current registration documents and roadworthy certificate
6. Appendix 2 - Insurance Certificates: Copies of insurance documentation as required by the agreement
Balance Owing
Business Day
Commencement Date
Default
Deposit
Due Date
Effective Date
Engine Number
Events of Default
Initial Payment
Installation
Insurance
Interest Rate
Monthly Payment
Parties
Payment Schedule
Purchase Price
Purchaser
Registration Documents
Registration Number
Roadworthy Certificate
Seller
Signatures
Term
Transfer Date
Vehicle
Vehicle Condition Report
Vehicle Documentation
Vehicle Identification Number
Vehicle Specifications
Warranties
Payment Terms
Interest
Vehicle Description
Transfer of Ownership
Warranties
Insurance
Risk and Possession
Default
Security
Vehicle Maintenance
Registration and Licensing
Representations
Force Majeure
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Governing Law
Amendment
Costs
Good Faith
Indemnification
Termination
Automotive
Financial Services
Consumer Goods
Insurance
Legal Services
Private Transport
Vehicle Finance
Retail
Legal
Finance
Sales
Compliance
Risk Management
Credit Control
Documentation
Customer Service
Vehicle Administration
Legal Counsel
Contract Manager
Finance Manager
Sales Manager
Compliance Officer
Risk Manager
Credit Controller
Documentation Specialist
Legal Administrator
Vehicle Sales Representative
Business Owner
Private Seller
Financial Advisor
Insurance Agent
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