Car Bill Of Sale With Payment Plan

I. Introduction

This Vehicle Sale Payment Plan ("Plan") is made and entered into on [Date], by and between [Your Company Name] ("Seller"), located at [Your Company Address], and [Buyer's Full Name] ("Buyer"), residing at [Buyer's Address]. This agreement outlines the terms and conditions for the sale of a vehicle, including the details of the vehicle, total purchase price, payment terms, late payment penalties, vehicle delivery, and transfer of ownership. The agreement ensures that both parties understand and agree to the payment schedule and other pertinent terms related to the vehicle sale.

II. Vehicle Details

Make: Toyota
Model: Camry
Year: 2050
VIN (Vehicle Identification Number): 1HGBH41JXMN109186

III. Total Purchase Price

The total purchase price of the vehicle is 20,000 USD.

IV. Payment Terms

The Buyer agrees to pay the total purchase price through installments under the following terms:

Payment Number	Payment Amount	Due Date	Payment Method
1	5,000 USD	June 1, 2050	Bank Transfer
2	5,000 USD	July 1, 2050	Bank Transfer
3	5,000 USD	August 1, 2050	Bank Transfer
4	5,000 USD	September 1, 2050	Bank Transfer

V. Late Payment Penalties

If any payment is not received by the Seller on or before the applicable due date, the Buyer shall pay a late payment charge of 50 USD for each delinquent payment.

VI. Vehicle Delivery

Upon receipt of the initial payment, the Seller agrees to deliver the vehicle to the Buyer's address or arrange for the Buyer to pick up the vehicle from the Seller's address, as mutually agreed upon.

VII. Vehicle Ownership

Ownership of the vehicle shall remain with the Seller until the total purchase price is paid in full. Upon full payment, the Seller will provide the Buyer with a signed title transfer document, transferring ownership of the vehicle to the Buyer.

VIII. Governing Law

This Agreement shall be governed by and construed by the laws of the state of [State of Jurisdiction].

IX. Entire Agreement

This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, both oral and written, between the parties.