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The Seller Financing Car Contract is essential when a vehicle seller wishes to provide direct financing to the buyer instead of requiring third-party financing through a bank or financial institution. This arrangement is commonly used in Australia by private sellers, small dealerships, and businesses looking to facilitate vehicle sales with flexible financing options. The document must comply with Australian federal legislation including the National Consumer Credit Protection Act 2009 and Personal Property Securities Act 2009, as well as state-specific motor vehicle regulations. It includes critical elements such as vehicle details, payment terms, security interests, maintenance requirements, and default procedures. This type of agreement is particularly useful in situations where traditional financing might be difficult to obtain or when sellers prefer to maintain control over the financing arrangement while earning interest on the sale.

1. Parties: Identifies the seller and buyer with full legal names and addresses

2. Background: Brief context explaining the seller's ownership of the vehicle and intention to sell with financing

3. Definitions: Defines key terms used throughout the agreement including Vehicle, Payment Terms, Security Interest, etc.

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, registration number, and current odometer reading

5. Purchase Price and Payment Terms: Total purchase price, down payment, financing amount, interest rate, payment schedule, and payment methods

6. Title and Security Interest: Provisions regarding transfer of title, retention of security interest, and PPSR registration

7. Buyer's Obligations: Maintenance requirements, insurance obligations, usage restrictions, and other ongoing responsibilities

8. Seller's Representations and Warranties: Statements about vehicle ownership, condition, and statutory warranties

9. Default and Remedies: Defines events of default and outlines the seller's remedies including repossession rights

10. Insurance Requirements: Specific insurance requirements including comprehensive coverage and naming seller as interested party

11. Notices: How and where formal notices must be given between parties

12. General Provisions: Standard contract clauses including governing law, entire agreement, amendments, and severability

13. Execution: Signature blocks and execution requirements