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1. Parties: Identifies the seller and buyer with full legal names and addresses
2. Background: Explains the context of the sale and financing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Description: Detailed description of the vehicle including make, model, VIN, year, mileage
5. Purchase Price and Payment Terms: Total price, down payment, monthly payments, interest rate, payment schedule
6. Transfer of Title: Conditions for transfer of ownership and registration
7. Security Interest: Seller's rights over the vehicle until full payment
8. Warranties and Representations: Statements about vehicle condition and seller's authority to sell
1. Insurance Requirements: Specific insurance requirements beyond statutory minimum, used when seller wants to ensure specific coverage
2. Early Payment Provisions: Terms for early repayment of the loan, used when early repayment is allowed
3. Maintenance Requirements: Specific maintenance obligations, used when seller wants to ensure vehicle preservation
4. Default and Repossession: Extended terms for default scenarios, used when additional default protections are needed
1. Payment Schedule: Detailed breakdown of all payments including dates and amounts
2. Vehicle Condition Report: Detailed report of vehicle condition at time of sale
3. Service History: Documentation of vehicle's maintenance history
4. Insurance Certificates: Copies of required insurance documentation
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