Download now – instant access to a professionally-drafted, fully editable agreement.
What’s Included
- A clear, well-structured contract template outlining terms for selling a vehicle on installment.
- Sections covering vehicle details, purchase price, payment schedule, interest (if any), title and ownership transfer, insurance and risk, default remedies, warranties and governing law.
- Easy to customise in Word/Google Docs — insert your names, vehicle details, payment terms and applicable state/province law.
Why Use This Template?
If you’re buying or selling a vehicle via installments, this template helps you:
- Define the payment schedule and outstanding balance in one place.
- Clarify when ownership transfers and who bears risk of loss.
- Protect both parties by addressing default events, repossession rights and remedies.
- Remove ambiguity and reduce dispute risk by documenting expectations in advance.
- Get started quickly with a plug-and-play document — great for personal sales, dealerships or private agreements.
Key Features
- Vehicle description section: make sure the make, model, year, color, VIN and odometer reading are all captured.
- Installment terms: specify down payment, number of monthly payments, start date and how payments are made.
- Title & ownership clause: seller retains title until full payment — then transfer to buyer.
- Risk & insurance clause: buyer takes possession and is responsible for loss, theft or damage once delivered.
- Default & remedy section: outlines what happens if payments are missed — including repossession, retention of prior payments as liquidated damages, and other legal fallout.
- "As-Is" or warranty option: choose between selling without warranties or including a limited warranty.
- Governing law: specify which jurisdiction’s laws apply to this agreement.
How it works
- Click Download Template and get the file in Microsoft Word (or compatible format).
- Open the file and fill in your specific details: seller, buyer, vehicle, price, payment schedule, jurisdiction.
- Review and adapt as needed — e.g., add local details or additional clauses (late fees, early repayment, etc.).
- Sign with both parties (and optional witness). Each keeps a copy.
- Execute the delivery and payment terms as agreed.
Ideal For
- Private vehicle sellers who want to offer buyer-financing/instalments.
- Buyers purchasing a vehicle from a seller who offers structured payments.
- Small dealers or individuals in markets without formal auto-financing options.
- Anyone who wants to document installment terms clearly and avoid misunderstandings.
