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1. Parties: Identifies and provides full details of the Seller and Buyer, including names, addresses, and contact information
2. Background: Brief context of the transaction, stating the Seller's ownership of the vehicle and the Buyer's intention to purchase
3. Definitions: Defines key terms used throughout the document, including 'Vehicle', 'Purchase Price', 'Promissory Note', etc.
4. Sale and Purchase: Details the transfer of ownership and states the purchase price of the vehicle
5. Vehicle Description: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current odometer reading
6. Payment Terms: Specifies the payment structure, including any deposit and the terms of the promissory note
7. Promissory Note Terms: Details of the promise to pay, including payment schedule, interest rate, and consequences of default
8. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of encumbrances
9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
10. Transfer of Title: Process and timing for transferring vehicle title and registration
11. Governing Law: Specifies that Australian law governs the agreement and identifies relevant state jurisdiction
12. Execution: Signature blocks for both parties and witness requirements
1. Security Interest: Required if the vehicle serves as collateral for the promissory note
2. Insurance Requirements: Include when specifying mandatory insurance coverage during the payment period
3. Maintenance Requirements: Include when imposing specific maintenance obligations during the payment period
4. Early Payment Provisions: Include when allowing for early payoff of the promissory note
5. Co-signer Details: Required when a co-signer is guaranteeing the promissory note
6. Trade-in Details: Include when a vehicle trade-in is part of the transaction
7. Default and Remedies: Detailed section on default scenarios and remedies when additional protection is needed
8. Dispute Resolution: Include when specific dispute resolution procedures are desired
1. Schedule A - Vehicle Details: Detailed specifications of the vehicle, including all features, modifications, and known defects
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payment dates, amounts, and interest calculations
3. Schedule C - Vehicle Condition Report: Comprehensive report on the vehicle's condition at time of sale, including photographs
4. Schedule D - Maintenance History: Documentation of vehicle's service history and maintenance records
5. Appendix 1 - Vehicle Registration Documents: Copies of current registration documents and transfer forms
6. Appendix 2 - Vehicle Insurance Details: Insurance documentation and requirements during the payment period
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