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The Car Purchase Installment Agreement is a crucial document used in Canadian vehicle sales when the buyer opts to finance their purchase through regular installment payments rather than a single lump sum. This agreement serves multiple purposes: it documents the sale of the vehicle, establishes the financing arrangement, and creates a security interest in favor of the lender. The document must comply with provincial consumer protection laws, federal interest rate regulations, and vehicle sales legislation. It includes essential information such as vehicle specifications, purchase price, payment terms, interest rates, and buyer/seller obligations. This agreement type is particularly important in the Canadian context where provincial regulations may add specific requirements for vehicle financing and consumer protection. It provides legal protection for all parties involved while ensuring transparency in the transaction as required by Canadian law.

1. Parties: Identifies the seller (dealer), purchaser, and financing party/lender with their complete legal names and addresses

2. Background: Brief context explaining the purchase and financing arrangement

3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Installment Payments', 'Security Interest', etc.

4. Vehicle Description and Purchase Price: Detailed description of the vehicle including make, model, year, VIN, and the agreed purchase price

5. Payment Terms: Details of the payment structure including down payment, installment amounts, payment schedule, and total cost of borrowing

6. Interest and Finance Charges: Specification of interest rate, APR, and all applicable finance charges as required by law

7. Security Interest: Creation and terms of the security interest in the vehicle, including PPSA requirements

8. Title and Registration: Provisions regarding vehicle ownership, title transfer, and registration requirements

9. Insurance Requirements: Mandatory insurance requirements and minimum coverage specifications

10. Representations and Warranties: Statements and guarantees from both parties regarding the vehicle and the transaction

11. Default and Remedies: Consequences of default and available remedies for both parties

12. General Terms: Standard contract provisions including notices, amendments, governing law, etc.