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The Selling A Car With Payments Contract is designed for transactions in Hong Kong where a vehicle is sold with payments spread over time rather than a single lump sum. This document is essential when either private individuals or businesses want to sell vehicles while offering flexible payment terms to buyers. It protects both parties' interests by clearly defining payment obligations, ownership rights during the payment period, and conditions for final transfer. The contract complies with Hong Kong's legal framework, including the Sale of Goods Ordinance, Road Traffic Ordinance, and relevant financial regulations. It is particularly useful for car dealers, private sellers, and businesses managing fleet sales who wish to offer payment plans while maintaining security over the vehicle until full payment is received.

1. Parties: Identifies and provides full details of the seller and buyer, including their names, identification numbers, addresses, and contact information

2. Background: Explains the context of the sale, stating that the seller owns the vehicle and wishes to sell it to the buyer who agrees to purchase it with a payment plan

3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Payment Schedule', 'Completion Date', etc.

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

5. Vehicle Description: Comprehensive details of the vehicle including make, model, year, color, engine number, chassis number, registration number, and current mileage

6. Payment Terms: Detailed structure of payments including deposit, installment amounts, payment dates, and payment methods

7. Title and Risk: Specifies when ownership transfers and who bears risk during the payment period

8. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances

9. Buyer's Obligations: Responsibilities of the buyer including maintenance, insurance, and usage restrictions during the payment period

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

11. Completion: Requirements and process for completing the sale once all payments are made

12. Governing Law: Specifies Hong Kong law as governing law and jurisdiction