Free Vehicle Payment Schedule Template
Vehicle Payment Schedule
This Vehicle Payment Schedule outlines the payment plan for the purchase of a vehicle. It includes detailed information on payment dates, amounts, and methods, as well as other relevant terms and conditions.
I. Vehicle Details
|
Field |
Information |
|---|---|
|
Vehicle Make and Model |
Toyota Camry |
|
Vehicle Year |
2050 |
|
Vehicle Identification Number (VIN) |
1HGBH41JXMN109186 |
|
Purchase Price |
$35,000 |
|
Down Payment |
$5,000 |
|
Financing Amount |
$30,000 |
II. Buyer Information
|
Field |
Information |
|---|---|
|
Buyer's Name |
[YOUR NAME] |
|
Buyer's Email |
[YOUR EMAIL] |
III. Seller Information
|
Field |
Information |
|---|---|
|
Seller's Name |
Prime Motors |
|
Seller's Address |
Boaz, AL 35956 |
|
Seller's Contact Number |
222 555 7777 |
IV. Payment Schedule
|
Payment Date |
Payment Amount |
Principal Amount |
Interest Amount |
Remaining Balance |
|---|---|---|---|---|
|
01/01/2050 |
$500 |
$400 |
$100 |
$29,600 |
|
02/01/2050 |
$500 |
$405 |
$95 |
$29,195 |
|
03/01/2050 |
$500 |
$410 |
$90 |
$28,785 |
|
04/01/2050 |
$500 |
$415 |
$85 |
$28,370 |
|
05/01/2050 |
$500 |
$420 |
$80 |
$27,950 |
|
06/01/2050 |
$500 |
$425 |
$75 |
$27,525 |
|
07/01/2050 |
$500 |
$430 |
$70 |
$27,095 |
|
08/01/2050 |
$500 |
$435 |
$65 |
$26,660 |
|
09/01/2050 |
$500 |
$440 |
$60 |
$26,220 |
V. Payment Methods
Payments can be made via the following methods:
-
Bank Transfer: Transfer funds directly to the seller's bank account.
-
Credit/Debit Card: Payments can be made using major credit or debit cards.
-
Check: Send a check payable to Prime Motors to the address listed above.
-
Online Payment Portal: Use the seller's online payment portal to make secure payments.
VI. Late Payment Policy
A late fee of $50 will be charged for payments not received within 5 days of the due date. Continuous late payments may result in additional penalties and affect the buyer's credit score.
