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Contract For Vehicle Sale With Payments
"I need a Contract For Vehicle Sale With Payments for selling my Toyota Camry to a private buyer, with monthly installments over 24 months starting March 2025, and I want to include strict default provisions and maintain a security interest until the final payment."
1. Parties: Identification of seller and buyer with full details
2. Background: Context of the sale and basic transaction information
3. Definitions: Key terms used throughout the agreement
4. Vehicle Description: Detailed description of the vehicle including registration number, make, model, year
5. Purchase Price: Total price and payment terms
6. Payment Schedule: Breakdown of installment payments, dates, and amounts
7. Transfer of Ownership: Terms regarding transfer of title and registration
8. Warranties and Representations: Seller's warranties regarding vehicle condition and ownership
9. Governing Law: Singapore law governance clause
1. Insurance Requirements: Specifies insurance arrangements required as part of the sale when insurance transfer or new policy is part of the agreement
2. Security Interest: Provisions for securing the unpaid balance when seller retains security interest until full payment
3. Default Provisions: Consequences of payment default, particularly relevant when installment payments are spread over longer periods
4. Maintenance Requirements: Vehicle maintenance obligations during payment period when seller wants to ensure vehicle upkeep during payment period
1. Vehicle Condition Report: Detailed inspection report of vehicle condition at time of sale
2. Payment Schedule: Detailed breakdown of payment installments with dates
3. Vehicle Documentation: Copies of registration card, insurance certificates, maintenance records
4. Transfer Forms: LTA transfer forms and related documentation
Authors
Vehicle
Purchase Price
Deposit
Installment Payment
Payment Schedule
Completion Date
Registration Number
Certificate of Entitlement
Transfer Date
Effective Date
Default Event
Interest Rate
Late Payment Fee
Security Interest
Vehicle Documents
Registration Card
Transfer Forms
Warranties
Permitted Use
Maintenance Requirements
Insurance Requirements
Force Majeure Event
Business Day
Notice
Governing Law
LTA
PARF Value
Vehicle Condition Report
Delivery Location
Transfer of Ownership
Delivery
Warranties and Representations
Vehicle Condition
Default and Remedies
Insurance
Security Interest
Registration and Documentation
Maintenance Obligations
Risk and Title
Termination
Force Majeure
Assignment
Notices
Dispute Resolution
Entire Agreement
Severability
Governing Law
Amendments
Waiver
Indemnification
Repossession Rights
Late Payment
Vehicle Use Restrictions
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