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1. Parties: Identification of all parties involved - the potential borrower, the financial institution, and the car dealer
2. Background: Context of the agreement, including the intention to enter into a car finance arrangement and the purpose of this pre-contract agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Purpose and Scope: Clear statement of the agreement's purpose and what it covers/doesn't cover
5. Pre-Approval Process: Details of the credit check and approval process, including required documentation
6. Vehicle Details: Preliminary information about the vehicle to be financed (if already selected)
7. Financial Terms: Indicative financial terms including potential interest rates, loan amount ranges, and payment periods
8. Conditions Precedent: Conditions that must be met before proceeding to the main finance agreement
9. Confidentiality: Terms regarding the confidentiality of information shared during the pre-contract phase
10. Duration and Termination: How long the pre-contract agreement remains valid and circumstances for termination
11. Governing Law: Specification of applicable Canadian law and jurisdiction
1. Deposit Terms: Include when a deposit is required, specifying amount, payment terms, and refund conditions
2. Trade-in Provisions: Include when there's a trade-in vehicle involved, outlining preliminary valuation and conditions
3. Insurance Requirements: Include when discussing preliminary insurance requirements for the vehicle
4. Co-Signer Provisions: Include when a co-signer may be required based on initial credit assessment
5. Dealer Obligations: Include when the dealer has specific obligations during the pre-contract period
6. Vehicle Order Terms: Include when the vehicle needs to be ordered or manufactured
7. Digital Communication Consent: Include when parties agree to use electronic communications for document exchange
1. Schedule A - Vehicle Specification: Detailed description of the vehicle including make, model, year, and features
2. Schedule B - Required Documentation List: Comprehensive list of documents required for the final finance agreement
3. Schedule C - Preliminary Financial Terms: Detailed breakdown of indicative financial terms and conditions
4. Schedule D - Credit Check Authorization: Form for authorizing credit checks and financial verification
5. Appendix 1 - Privacy Notice: Details of how personal and financial information will be collected, used, and protected
6. Appendix 2 - Cost of Credit Disclosure: Preliminary disclosure of potential costs of credit as required by Canadian regulations
Automotive
Financial Services
Banking
Consumer Finance
Retail Automotive
Vehicle Leasing
Consumer Credit
Legal
Compliance
Finance
Sales
Risk Management
Customer Service
Credit Analysis
Operations
Documentation
Underwriting
Finance Manager
Sales Manager
Credit Analyst
Legal Counsel
Compliance Officer
Automotive Finance Specialist
Financial Services Representative
Contracts Administrator
Risk Assessment Manager
Customer Service Manager
Vehicle Finance Coordinator
Dealership Manager
Auto Finance Underwriter
Documentation Specialist
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