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Bill Of Sale For Financed Vehicle
"I need a Bill of Sale for Financed Vehicle for my 2022 Toyota RAV4 being sold to a private buyer in Melbourne, with ABC Finance providing 80% of the $35,000 purchase price, scheduled for settlement on March 15, 2025."
1. Parties: Identifies and provides full details of the Seller, Buyer, and Financier including legal names, addresses, and ACN/ABN where applicable
2. Background: Sets out the context of the sale, including that the Buyer wishes to purchase the vehicle with financing assistance from the Financier
3. Definitions: Defines key terms used throughout the document including 'Vehicle', 'Purchase Price', 'Finance Amount', 'Security Interest', etc.
4. Sale and Purchase: Details the agreement to sell and purchase the vehicle, including the purchase price and payment terms
5. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current odometer reading
6. Finance Terms: Summary of the financing arrangement, cross-referencing the separate finance agreement
7. Transfer of Title: Specifies when and how legal title transfers, subject to the security interest of the Financier
8. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of other encumbrances
9. Security Interest: Details of the Financier's security interest and PPSR registration requirements
10. Risk and Insurance: Specifies when risk passes to the Buyer and insurance requirements
11. Execution: Formal signing section for all parties with witness requirements
1. Trade-in Vehicle: Required when there is a trade-in vehicle as part of the purchase arrangement, including details and value of the trade-in
2. Condition Report: Optional section detailing the current condition of the vehicle, recommended for used vehicles
3. Delivery Terms: Required when specific delivery arrangements need to be documented, including timing and responsibility for delivery costs
4. Outstanding Fines and Charges: Required when there are any outstanding fines, charges, or encumbrances that need to be addressed before completion
5. Cooling-off Period: Required in states where cooling-off periods apply to vehicle sales
6. Dealer Obligations: Required when the seller is a licensed motor vehicle dealer, incorporating statutory warranty obligations
1. Schedule 1 - Vehicle Details: Detailed technical specifications of the vehicle, including all features and modifications
2. Schedule 2 - Payment Schedule: Breakdown of the payment structure including deposit, finance amount, and payment timeline
3. Schedule 3 - Vehicle Condition Report: Detailed report of the vehicle's condition including photographs and noted defects
4. Schedule 4 - Included Accessories: List of all accessories and additional items included in the sale
5. Appendix A - Copy of Registration Certificate: Copy of current vehicle registration certificate
6. Appendix B - Service History: Vehicle's service history and maintenance records
7. Appendix C - PPSR Search Results: Results of Personal Property Securities Register search showing clear title
Authors
Approved Purpose
Business Day
Buyer
Completion Date
Deposit
Effective Date
Encumbrance
Finance Agreement
Finance Amount
Financier
GST
Guarantor
Insurance Policy
Interest Rate
Law
Manufacturer's Warranty
Motor Vehicle
Outstanding Amount
Payment Schedule
PPSA
PPSR
Purchase Price
Registration
Related Documents
Relevant Authority
Security Interest
Seller
Settlement Date
Statutory Warranty
Term of Finance
Title
Trade-in Vehicle
Vehicle
Vehicle Accessories
Vehicle Documents
Vehicle Identification Number
Vehicle Registration Number
Warranties
Vehicle Description
Purchase Price
Payment Terms
Finance Arrangements
Security Interest
Transfer of Title
Risk and Insurance
Warranties and Representations
Vehicle Condition
Registration and Compliance
Delivery
Seller's Obligations
Buyer's Obligations
Financier's Rights
Default and Enforcement
PPSR Registration
Insurance Requirements
Statutory Compliance
Cooling-off Rights
Trade-in Arrangements
Inspection Rights
Completion Requirements
Documentation
Costs and Expenses
GST
Notices
Governing Law
Dispute Resolution
Severability
Assignment
Entire Agreement
Automotive
Financial Services
Banking
Insurance
Legal Services
Consumer Lending
Motor Vehicle Retail
Fleet Management
Asset Finance
Vehicle Leasing
Legal
Finance
Compliance
Risk Management
Sales
Credit Assessment
Collections
Contract Administration
Business Development
Asset Management
Finance Manager
Automotive Sales Manager
Credit Officer
Legal Counsel
Compliance Officer
Fleet Manager
Vehicle Finance Specialist
Contract Administrator
Risk Manager
Automotive Finance Broker
Collections Manager
Dealership Manager
Business Development Manager
Asset Finance Manager
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