Car Purchase Installment Agreement Template for Qatar

The Car Purchase Installment Agreement is essential for vehicle sales transactions in Qatar where the purchase price is paid in installments rather than as a lump sum. This document is specifically designed to comply with Qatar's legal framework, including the Civil Code, Commercial Code, and Consumer Protection Law, while adhering to Islamic finance principles that prohibit conventional interest. It's commonly used by car dealerships, financial institutions, and vehicle purchasers to document the terms of sale, payment obligations, vehicle specifications, ownership transfer conditions, and security arrangements. The agreement includes mandatory provisions required by Qatar authorities for vehicle registration and transfer, insurance requirements, and consumer protection measures. It serves as both a sale agreement and a financing document, protecting the interests of all parties involved while ensuring regulatory compliance.

1. Parties: Identification of the Seller (dealer/finance company) and the Buyer (customer), including full legal names, addresses, and identification numbers

2. Background: Context of the transaction, including brief description of the vehicle sale and installment arrangement

3. Definitions: Key terms used throughout the agreement, including Vehicle, Purchase Price, Installment Amount, etc.

4. Sale and Purchase: Core agreement to sell and purchase the vehicle, including the total purchase price and payment structure

5. Payment Terms: Detailed breakdown of installment payments, including amount, frequency, and payment methods

6. Vehicle Details and Delivery: Specifications of the vehicle and conditions for delivery

7. Title and Registration: Terms regarding transfer of ownership, registration process, and retention of title until full payment

8. Insurance Requirements: Mandatory insurance coverage requirements and responsibilities

9. Warranties and Representations: Warranties provided by both parties, including vehicle condition and capacity to enter agreement

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

11. Termination: Circumstances under which the agreement can be terminated and consequences

12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes