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Car Purchase Payment Agreement
"I need a Car Purchase Payment Agreement for a used Toyota Camry sale with a 12-month installment plan, where the buyer will make monthly payments starting March 2025, and I want to include specific conditions about the vehicle's current mileage and maintenance history."
1. Parties: Identification of seller and purchaser with full details
2. Background: Context of the transaction and basic intent of parties
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, registration
5. Purchase Price: Total price and breakdown of components including taxes
6. Payment Terms: Payment schedule, method, and conditions
7. Delivery Terms: Timing and conditions of vehicle delivery
8. Warranties: Standard warranties and guarantees provided
1. Hire Purchase Terms: Additional terms and conditions when purchase involves hire purchase arrangement
2. Trade-in Details: Terms and conditions related to vehicle trade-in when applicable
3. Insurance Requirements: Specific insurance terms and conditions required by the seller
1. Vehicle Inspection Report: Detailed condition report of the vehicle
2. Payment Schedule: Detailed breakdown of payment installments if applicable
3. Vehicle Registration Documents: Copies of registration and COE documents
4. Warranty Terms: Detailed warranty terms and conditions
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