������Ƶ

The Contract For Selling A Vehicle On Payments is essential for transactions where the full purchase price of a vehicle is paid in installments rather than as a lump sum. This document type is commonly used in Germany by both private sellers and dealerships, requiring careful attention to German consumer credit laws and vehicle registration regulations. It must include specific provisions required by German law regarding payment terms, interest calculations, early repayment options, and security interests (Sicherungsübereignung). The agreement serves as a comprehensive framework for protecting both parties' interests while ensuring regulatory compliance, particularly with the German Civil Code (BGB) and Consumer Credit Act. It's especially relevant in today's market where vehicle financing has become increasingly common and requires careful documentation of payment terms, vehicle condition, and ownership transfer conditions.

1. Parties: Identification of the seller and buyer with full legal names, addresses, and contact details

2. Background: Brief context of the sale, including the parties' intention to enter into a vehicle purchase agreement with payments

3. Definitions: Key terms used throughout the agreement, including 'Vehicle', 'Purchase Price', 'Payment Schedule', 'Transfer Date', etc.

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, mileage, and current condition

5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amounts, payment schedule, and interest rate in accordance with German consumer credit regulations

6. Security Interest: Establishment of security interest (Sicherungsübereignung) in favor of the seller until full payment

7. Transfer of Ownership: Conditions and process for the transfer of vehicle ownership, including registration requirements

8. Warranties and Representations: Seller's warranties about the vehicle condition and buyer's acknowledgments

9. Rights and Obligations: Ongoing responsibilities of both parties during the payment period

10. Default and Remedies: Consequences of payment default and available remedies for both parties

11. Insurance Requirements: Mandatory insurance coverage during the payment period

12. Governing Law: Specification of German law as governing law and jurisdiction