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
III. Total Purchase Price
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.
X. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[YOUR NAME]
[YOUR TITLE]
[YOUR COMPANY NAME]
[DATE SIGNED]
[BUYER'S FULL NAME]
[DATE SIGNED]
XI. Contact Information
For any inquiries or further information regarding this Vehicle Sale Payment Plan, please contact:
Contact Person: [YOUR NAME]
Position: [YOUR POSITION]
Address: [YOUR COMPANY ADDRESS]
Social Media: [YOUR COMPANY SOCIAL MEDIA]
Plan Templates @ Template.net
