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1. Parties: Identification and details of the Debtor and Creditor, including full legal names, identification numbers, and contact details
2. Background: Context of the debt, including original purchase details, circumstances leading to the promise to pay, and acknowledgment of the debt
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current condition
5. Acknowledgment of Debt: Formal acknowledgment of the exact amount owed, including any interest and charges already incurred
6. Payment Terms: Detailed payment arrangements including total amount, installment amounts, payment dates, and payment methods
7. Interest and Charges: Specification of interest rates, additional charges, and penalties for late payment in accordance with the National Credit Act
8. Default Provisions: Consequences of default, notice requirements, and remedies available to the Creditor
9. Vehicle Usage and Maintenance: Obligations regarding vehicle maintenance, usage restrictions, and insurance requirements during the repayment period
10. Dispute Resolution: Process for handling disputes and jurisdiction details
11. General Terms: Standard contractual provisions including notices, amendments, and entire agreement clause
1. Guarantee: Terms of third-party guarantee, to be included when a guarantor is part of the agreement
2. Insurance Requirements: Detailed insurance obligations, included when specific insurance arrangements are required
3. Security Provisions: Additional security arrangements, included when collateral beyond the vehicle is provided
4. Early Settlement: Terms for early payment settlement, included when specific early payment arrangements are agreed
5. Vehicle Tracking: Requirements for vehicle tracking systems, included when mandatory tracking is part of the agreement
6. Cross-border Usage: Provisions for vehicle use outside South Africa, included when international travel is anticipated
1. Schedule A - Vehicle Specification: Detailed technical specifications of the vehicle, including accessories and modifications
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payments, dates, and allocation between capital and interest
3. Schedule C - Vehicle Condition Report: Detailed report of vehicle condition at agreement date, including photographs
4. Schedule D - Insurance Details: Comprehensive insurance information including policy numbers and coverage details
5. Appendix 1 - Copy of Vehicle Registration: Certified copy of vehicle registration documents
6. Appendix 2 - Proof of Ownership: Documentation proving current ownership and title of the vehicle
Vehicle
Purchase Price
Outstanding Amount
Payment Date
Interest Rate
Default Interest
Debtor
Creditor
Guarantor
Payment Schedule
Business Day
Commencement Date
Default
Due Date
Effective Date
Force Majeure
Installment
Insurance Provider
Legal Costs
Material Breach
Notice
Parties
Principal Debt
Registration Documents
Security
Terms and Conditions
VAT
Vehicle Identification Number
Vehicle Registration Number
Vehicle Documents
Maintenance Requirements
Tracking Device
Default Provisions
Early Settlement Amount
Settlement Date
Insurance Requirements
Applicable Laws
National Credit Act
Consumer Protection Act
Payment Terms
Interest Rate
Vehicle Details
Ownership Rights
Security Interest
Insurance Requirements
Default Provisions
Acceleration
Repossession Rights
Maintenance Obligations
Risk and Liability
Force Majeure
Dispute Resolution
Jurisdiction
Notices
Assignment
Warranties
Indemnification
Confidentiality
Entire Agreement
Amendment
Severability
Governing Law
Costs
Registration
Early Settlement
Default Interest
Breach
Termination
Vehicle Usage
Inspection Rights
Performance Warranty
Miscellaneous
Compliance with Laws
Automotive
Financial Services
Transportation
Fleet Management
Vehicle Leasing
Insurance
Legal Services
Logistics
Car Rental
Asset Finance
Legal
Finance
Credit Control
Collections
Risk Management
Compliance
Vehicle Finance
Asset Management
Contract Administration
Customer Relations
Finance Manager
Credit Manager
Legal Counsel
Fleet Manager
Risk Officer
Collections Manager
Compliance Officer
Credit Controller
Vehicle Finance Specialist
Account Manager
Business Development Manager
Contract Administrator
Chief Financial Officer
Legal Administrator
Asset Finance Manager
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