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1. Parties: Identifies and provides full details of the seller/creditor and the buyer/debtor
2. Background: Outlines the context of the agreement, including the intention to sell/purchase the vehicle under a payment plan
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Details: Specific information about the vehicle being sold including make, model, year, VIN, and registration number
5. Purchase Price and Payment Terms: Details of the total purchase price, deposit, interest rate, and payment structure
6. Payment Obligations: Specifies payment amounts, frequency, due dates, and acceptable payment methods
7. Security Interest: Establishes the security interest in the vehicle and related PPSR requirements
8. Insurance Requirements: Specifies required insurance coverage and obligations
9. Default and Enforcement: Defines events of default and enforcement rights
10. Title and Risk: Specifies when title passes and risk allocation
11. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use
12. General Terms: Standard contract terms including notices, amendments, governing law, and dispute resolution
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase, used when there is a trade-in component
2. Co-Buyer Provisions: Additional terms when there is more than one buyer, specifying joint and several liability
3. Early Payment Provisions: Terms for early repayment including any fees or calculations, used when early payment is permitted
4. Balloon Payment: Terms for final balloon payment if applicable to the payment structure
5. Guarantor Provisions: Terms applying to any guarantor of the buyer's obligations
6. Cross-Collateralization: Used when the security interest extends to other assets or agreements
1. Schedule 1 - Vehicle Specifications: Detailed description of the vehicle including all features, accessories, and condition report
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including amounts, due dates, and payment allocation
3. Schedule 3 - Fee Schedule: List of all applicable fees including establishment fees, maintenance fees, and default fees
4. Schedule 4 - Insurance Requirements: Specific insurance requirements including minimum coverage levels and named parties
5. Appendix A - Disclosure Statement: Required credit contract disclosure statement under CCCFA
6. Appendix B - Vehicle Inspection Report: Independent vehicle inspection report if applicable
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