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1. Parties: Identifies and provides full details of the seller/creditor and the purchaser/debtor
2. Background: Brief context explaining the purpose of the agreement - the financing arrangement for the vehicle purchase
3. Definitions: Defines key terms used throughout the agreement including Payment Plan, Vehicle, Security Interest, etc.
4. Vehicle Description: Details of the vehicle being financed including make, model, year, VIN, and condition
5. Purchase Price and Payment Terms: Total purchase price, down payment, interest rate, payment schedule, and total cost of borrowing
6. Security Interest: Details of the security interest in the vehicle and registration under PPSA
7. Insurance Requirements: Mandatory insurance coverage requirements and obligations
8. Representations and Warranties: Statements of fact and promises by both parties regarding the vehicle and financial capacity
9. Default and Remedies: What constitutes default and the creditor's rights and remedies upon default
10. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use
11. Assignment: Terms regarding the ability to assign rights under the agreement
12. Notices: How formal communications between parties must be made
13. General Provisions: Standard clauses including governing law, severability, and entire agreement
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase, used when there is a trade-in vehicle involved
2. Co-Signer Obligations: Terms applicable to any co-signer on the loan, included when there is a co-signer
3. Early Payment Provisions: Terms for early payoff or additional payments, included when early payment options are offered
4. Extended Warranty: Terms of any extended warranty being financed as part of the agreement, included when warranty is part of financing
5. Electronic Payment Authorization: Authorization for automatic payments, included when automatic payments are being set up
6. Cross-Border Usage: Terms for vehicle use across provincial/international borders, included when such use is anticipated
1. Schedule A - Vehicle Specifications: Detailed technical specifications and condition report of the vehicle
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payments, interest, and principal
3. Schedule C - Insurance Requirements: Detailed insurance requirements including minimum coverage amounts
4. Schedule D - Trade-in Vehicle Details: Comprehensive details of any trade-in vehicle including condition report
5. Appendix 1 - Cost of Borrowing Disclosure: Mandatory disclosure of all costs of borrowing as required by provincial law
6. Appendix 2 - Vehicle History Report: Copy of vehicle history report and disclosure of any accidents or major repairs
Automotive Retail
Financial Services
Consumer Lending
Insurance
Automotive Manufacturing
Vehicle Leasing
Automotive Finance
Legal
Finance
Sales
Compliance
Risk Management
Credit
Operations
Customer Service
Documentation
Finance Manager
Sales Manager
Automotive Finance Specialist
Compliance Officer
Legal Counsel
Credit Manager
Vehicle Sales Representative
F&I Manager
Contract Administrator
Risk Manager
Consumer Credit Officer
Dealership General Manager
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