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Loan Vehicle Sale Agreement
"I need a Loan Vehicle Sale Agreement for a Toyota dealership in Kuala Lumpur selling a new Camry to a private buyer with bank financing, including a trade-in provision for the buyer's old vehicle and an extended warranty package."
1. Parties: Identification of the Seller, Buyer, and Financier with complete details as required under Malaysian law
2. Background: Context of the transaction, including the Seller's ownership of the vehicle and Buyer's intention to purchase with financing
3. Definitions: Definitions of key terms used throughout the agreement, including technical and financial terms
4. Sale and Purchase: Core terms of the vehicle sale, including the purchase price and confirmation of the sale
5. Financing Terms: Details of the loan arrangement, including principal amount, interest rate, and repayment terms
6. Vehicle Details: Comprehensive description of the vehicle including make, model, registration number, and chassis number
7. Payment Terms: Structure and schedule of payments, including deposit and installment details
8. Delivery and Transfer: Terms regarding vehicle delivery and transfer of ownership
9. Warranties and Representations: Warranties from seller regarding vehicle condition and title
10. Insurance Requirements: Mandatory insurance requirements and responsibilities
11. Default and Remedies: Consequences of default and available remedies for all parties
12. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Trade-In Provisions: Used when the buyer is trading in another vehicle as part of the purchase
2. Security Interest: Additional security requirements beyond the vehicle itself
3. Guarantor Provisions: Required when a guarantor is involved in the financing arrangement
4. Early Payment Terms: Specific terms for early loan settlement or early payment discounts
5. Extended Warranty: Terms for any additional warranty coverage beyond statutory requirements
6. Vehicle Modifications: Terms regarding permitted or prohibited modifications to the vehicle
7. Cross-Default Provisions: Used when the buyer has other financing arrangements with the same financier
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all features and accessories
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between principal and interest
3. Schedule 3 - Vehicle Inspection Report: Professional inspection report detailing the condition of the vehicle at time of sale
4. Schedule 4 - Insurance Requirements: Specific insurance coverage requirements and terms
5. Schedule 5 - Transfer Documents: List of all documents required for vehicle ownership transfer
6. Appendix A - Vehicle Registration Documents: Copies of current vehicle registration and ownership documents
7. Appendix B - Warranty Documentation: Manufacturer's warranty and any extended warranty documentation
Authors
Automotive
Financial Services
Banking
Insurance
Transport
Retail
Fleet Management
Vehicle Leasing
Legal
Finance
Sales
Compliance
Risk Management
Credit Administration
Operations
Customer Service
Documentation
Business Development
Legal Counsel
Finance Manager
Credit Officer
Automotive Sales Manager
Compliance Officer
Risk Manager
Contract Administrator
Vehicle Finance Specialist
Business Development Manager
Insurance Coordinator
Documentation Officer
Fleet Manager
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