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The Car Sale Contract With Payments is essential for transactions where vehicles are sold with payment installments in Singapore. This document is commonly used by both dealerships and private sellers to protect their interests while offering flexible payment options to buyers. It ensures compliance with Singapore's strict vehicle ownership and transfer regulations, including the Road Traffic Act and Hire Purchase Act. The contract typically includes detailed vehicle information, payment schedules, ownership retention clauses, and default remedies, making it suitable for both commercial and private vehicle sales with payment plans.
