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The Car Sale Contract With Payments is essential for automotive transactions in Hong Kong where immediate full payment is not made. This document is commonly used by dealerships, private sellers, and financial institutions to facilitate vehicle sales with installment payments or financing arrangements. It ensures compliance with Hong Kong's legal requirements, including the Sale of Goods Ordinance, Road Traffic Ordinance, and Money Lenders Ordinance. The contract covers crucial elements such as vehicle specifications, payment schedules, title retention, and transfer procedures, while protecting both parties' interests throughout the payment period. It's particularly relevant in Hong Kong's dynamic automotive market where financing options are increasingly common for vehicle purchases.

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

2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the vehicle, including the basic terms of the transaction

5. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current mileage

6. Purchase Price and Payment Terms: Total purchase price, payment schedule, installment amounts, and payment methods

7. Delivery and Transfer: Terms regarding vehicle delivery, transfer of title, and registration requirements

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

9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

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

11. Title Retention: Provisions regarding retention of title until full payment is received

12. Insurance Requirements: Mandatory insurance requirements during the payment period

13. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

14. General Provisions: Standard contractual provisions including notices, amendments, and severability