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The Loan Vehicle Sale Agreement is a specialized legal document used in New Zealand when a vehicle purchase involves financing arrangements. This agreement is particularly relevant when the purchase price of a vehicle is being funded through a loan, whether from a third-party lender or the seller themselves. The document combines elements of both a sale agreement and a loan agreement, ensuring compliance with New Zealand's consumer protection laws, financial regulations, and motor vehicle sales legislation. It includes detailed provisions for the vehicle's specifications, payment terms, security interests, and ownership transfer conditions. The agreement is designed to protect all parties' interests while ensuring transparency in the transaction and compliance with the Credit Contracts and Consumer Finance Act 2003 and other relevant New Zealand legislation.

1. Parties: Identifies and provides full details of the seller, purchaser, and any finance provider involved in the transaction

2. Background: Sets out the context of the agreement, including the seller's ownership of the vehicle and the purchaser's desire to buy it with loan financing

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Sale and Purchase: Details the basic agreement to sell and purchase the vehicle, including the purchase price and payment terms

5. Loan Terms: Specifies the loan amount, interest rate, repayment schedule, and other financing terms

6. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current condition

7. Security Interest: Establishes the security interest in the vehicle and requirements for PPSR registration

8. Warranties and Representations: Sets out warranties from both parties regarding the vehicle condition, ownership, and financial capacity

9. Default and Enforcement: Specifies what constitutes default and the consequences, including repossession rights

10. Insurance Requirements: Details mandatory insurance coverage and requirements

11. Title and Risk: Specifies when title passes and who bears risk during the finance period

12. General Terms: Standard contract terms including notices, amendments, governing law, and dispute resolution