Auto Sales Contract With Payments Template for New Zealand

The Auto Sales Contract With Payments is designed for use in New Zealand's automotive market where vehicles are sold with structured payment arrangements rather than full upfront payment. This document is essential for both dealerships and private sellers who wish to offer payment plans while protecting their interests through proper security registration. It incorporates requirements from New Zealand's consumer protection legislation, motor vehicle trading laws, and financial regulations, making it suitable for various transaction types from simple private sales to complex dealer arrangements. The contract includes comprehensive details about the vehicle, payment terms, security interests, and obligations of all parties, while ensuring compliance with the Credit Contracts and Consumer Finance Act 2003 and related regulations.

1. Parties: Identification of the seller and purchaser with full legal names and addresses

2. Background: Context of the transaction and acknowledgment of the parties' intention to enter into a vehicle sale agreement with payments

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Payment Schedule', 'Settlement Date'

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, odometer reading, and existing warranties

5. Purchase Price and Payment Terms: Total purchase price, deposit amount, payment schedule, interest rates if applicable, and payment methods

6. Transfer of Title and Risk: Conditions for transfer of ownership, retention of title until full payment, and transfer of risk provisions

7. Seller's Obligations: Obligations including delivering the vehicle, providing documentation, and warranties

8. Purchaser's Obligations: Obligations including making payments, maintaining insurance, and vehicle maintenance requirements

9. Security Interest: Creation and registration of security interest under the PPSA until full payment

10. Default and Enforcement: Consequences of default, enforcement rights, and remedies available to both parties

11. General Provisions: Standard contract clauses including governing law, notices, and dispute resolution