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1. Parties: Identification of the Owner/Finance Company and the Hirer with complete details including name, address, and registration numbers
2. Background: Brief context of the transaction and the parties' intentions to enter into a hire purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement including 'Hire Purchase Price', 'Initial Payment', 'Installments', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, chassis number, engine number, and registration details
5. Payment Terms: Details of the total hire purchase price, initial payment, number and amount of installments, and payment schedule
6. Delivery and Acceptance: Terms regarding the delivery of the vehicle and the hirer's acceptance conditions
7. Title and Ownership: Clarification that title remains with the owner until final payment, and conditions for transfer of ownership
8. Insurance Requirements: Mandatory insurance requirements and responsibilities for maintaining insurance coverage
9. Maintenance and Use: Hirer's obligations regarding vehicle maintenance, permitted use, and restrictions
10. Default and Repossession: Consequences of default and the owner's rights of repossession
11. Termination: Circumstances and procedures for early termination of the agreement
12. Governing Law: Specification of Pakistani law as governing law and jurisdiction details
1. Guarantor Provisions: Required when a guarantor is involved in securing the hire purchase agreement
2. Registration Transfer Authorization: Used when specific authorization for future transfer of registration is required
3. Additional Services: Included when maintenance, service packages, or extended warranties are part of the agreement
4. Cross-Border Usage: Required when the vehicle may be used across provincial or international borders
5. Early Payment Terms: Optional section detailing terms and calculations for early settlement of the hire purchase
6. Vehicle Modification: Included when specific modifications are permitted or prohibited
7. Assignment Rights: Required when either party needs specific rights to assign the agreement
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and condition report of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and payment methods
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including minimum coverage and approved insurers
4. Schedule 4 - Delivery Receipt: Form for acknowledging delivery and acceptance of the vehicle
5. Schedule 5 - Maintenance Schedule: Required maintenance intervals and authorized service providers
6. Appendix A - Required Documents: List of documents required from the hirer (ID proofs, license, etc.)
7. Appendix B - Vehicle Inspection Report: Initial condition report with photographs and noted defects
Automotive
Financial Services
Banking
Insurance
Vehicle Leasing
Consumer Finance
Transportation
Fleet Management
Retail Automotive
Legal
Finance
Credit
Sales
Compliance
Risk Management
Collections
Customer Service
Documentation
Operations
Finance Manager
Credit Officer
Legal Counsel
Compliance Officer
Auto Finance Specialist
Sales Manager
Vehicle Finance Coordinator
Risk Assessment Officer
Contract Administrator
Collections Manager
Customer Service Manager
Documentation Specialist
Branch Manager
Dealership Manager
Financial Controller
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