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The Car Installment Contract is a fundamental document used in Malaysian vehicle financing transactions, essential for both financial institutions and consumers engaging in vehicle purchases through installment payments. This document, governed by the Hire-Purchase Act 1967 and related Malaysian legislation, establishes the legal framework for the purchase arrangement, including detailed payment terms, ownership conditions, and parties' obligations. It is typically used when a purchaser requires financing to acquire a vehicle and agrees to pay the purchase price in regular installments over a specified period. The contract includes mandatory consumer protection provisions, comprehensive vehicle details, payment schedules, insurance requirements, and default remedies, ensuring compliance with Malaysian regulatory requirements while protecting the interests of all parties involved.

1. Parties: Identification of the finance company/seller and the purchaser with complete details

2. Background: Context of the agreement and brief description of the transaction

3. Definitions: Key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, registration number, and chassis number

5. Purchase Price and Payment Terms: Total price, down payment, installment amounts, payment schedule, and interest rate

6. Delivery and Acceptance: Terms regarding vehicle delivery and acceptance conditions

7. Title and Ownership: Provisions regarding vehicle ownership during the installment period

8. Insurance Requirements: Mandatory insurance requirements and responsibilities

9. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use

10. Default and Remedies: Consequences of default and available remedies

11. Termination: Conditions and procedures for agreement termination

12. Governing Law: Specification of Malaysian law as governing law