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1. Parties: Identification of the Finance Company (Seller) and the Customer (Hirer), including full legal names, addresses, and registration details
2. Background: Context of the agreement, including the Customer's desire to purchase the vehicle through hire purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and condition
5. Financial Terms: Purchase price, deposit, monthly payments, interest rate, total amount payable, and payment schedule
6. Duration and Payments: Term of the agreement, payment dates, method of payment, and consequences of late payment
7. Title and Risk: Provisions regarding ownership during the hire period and transfer of title upon final payment
8. Customer Obligations: Responsibilities for maintenance, insurance, usage restrictions, and keeping the vehicle free from liens
9. Seller Warranties and Representations: Warranties regarding vehicle condition, ownership, and statutory compliance
10. Insurance Requirements: Mandatory insurance coverage and procedures for insurance claims
11. Default and Termination: Events of default, termination rights, and repossession procedures
12. Final Payment and Transfer: Process for final payment and transfer of ownership
13. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction
1. Early Payment Options: Terms for early repayment and any associated calculations or fees - include if early repayment is offered
2. Vehicle Maintenance Package: Details of any included or optional maintenance package - include if maintenance services are offered
3. Trade-in Details: Information about any vehicle being traded in as part of the transaction - include if there's a trade-in
4. Additional Services: Description of any additional services like extended warranty or roadside assistance - include if additional services are offered
5. Co-signer Provisions: Terms applicable to any co-signer or guarantor - include if there's a guarantor
6. Cross-Border Usage: Terms for using the vehicle outside Belgium - include if international use is permitted
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates and amounts
3. Schedule 3 - Vehicle Condition Report: Initial condition report with photographs and noted defects
4. Schedule 4 - Insurance Requirements: Detailed insurance requirements and minimum coverage levels
5. Appendix A - Customer Information Form: Required customer information and declarations under Belgian consumer credit laws
6. Appendix B - Standard European Consumer Credit Information: Mandatory pre-contractual information form as required by EU regulations
7. Appendix C - Vehicle Maintenance Requirements: Manufacturer's recommended maintenance schedule and requirements
Automotive
Financial Services
Banking
Insurance
Consumer Finance
Retail
Transportation
Vehicle Leasing
Legal
Finance
Compliance
Sales
Credit
Operations
Risk Management
Customer Service
Collections
Documentation
Vehicle Finance
Contract Administration
Finance Manager
Legal Counsel
Compliance Officer
Credit Manager
Sales Manager
Contract Administrator
Risk Manager
Customer Service Representative
Financial Controller
Vehicle Finance Specialist
Automotive Finance Consultant
Collections Manager
Documentation Specialist
Operations Manager
Credit Analyst
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