The Car Installment Agreement is essential for vehicle purchases in the Philippines where buyers opt for financing rather than full payment. This document is designed to comply with Philippine consumer protection laws, financial regulations, and vehicle-related legislation, providing a legally sound framework for installment-based vehicle acquisitions. It details the complete terms of the purchase, including vehicle specifications, payment schedules, interest rates, insurance requirements, and ownership conditions. The agreement protects both the seller's and buyer's interests while ensuring compliance with local banking regulations and the Truth in Lending Act. It's particularly important for dealerships, financial institutions, and consumers engaging in vehicle financing transactions, serving as the primary legal document that governs the entire duration of the installment payment period.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Seller/Dealer/Financial Institution and the Buyer/Purchaser with complete details
2. Background: Context of the agreement, including the intention to purchase the vehicle through installment payments
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and other identifying details
5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amount, payment schedule, and interest rate
6. Mode of Payment: Acceptable payment methods and payment processing details
7. Title and Ownership: Terms regarding transfer of ownership and retention of title until full payment
8. Delivery and Acceptance: Terms of vehicle delivery and acceptance conditions
9. Warranties and Representations: Warranties provided for the vehicle and representations made by both parties
10. Insurance Requirements: Mandatory insurance coverage requirements and terms
11. Default and Remedies: Events of default and available remedies for both parties
12. Repossession Rights: Terms and conditions for vehicle repossession in case of default
13. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use
14. Governing Law: Specification of Philippine law as governing law and relevant jurisdictions
15. Dispute Resolution: Process for resolving disputes between parties
16. Termination: Conditions and process for agreement termination
17. Notices: How formal notices should be given between parties
18. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Co-Maker Provisions: Additional terms when a co-maker or guarantor is involved in the agreement
2. Early Payment Terms: Terms and conditions for early payment or full settlement of the remaining balance
3. Trade-In Provisions: Terms relating to any vehicle trade-in arrangement if applicable
4. Additional Security: Terms for any additional security or collateral required beyond the vehicle itself
5. Post-dated Checks: Terms regarding the use of post-dated checks for installment payments
6. Electronic Payment Authorization: Terms for automatic debit arrangements or electronic payment methods
7. Vehicle Modifications: Terms regarding permitted and prohibited modifications to the vehicle
8. Cross-Border Use: Terms for using the vehicle outside the Philippines if permitted
9. Assignment Rights: Terms regarding the right to assign the agreement to another party
1. Schedule A - Vehicle Specifications: Detailed technical specifications and features of the vehicle
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all installment payments, interest, and principal amounts
3. Schedule C - Warranty Details: Complete warranty terms, conditions, and coverage details
4. Schedule D - Insurance Requirements: Detailed insurance coverage requirements and terms
5. Schedule E - Delivery Receipt: Vehicle delivery and acceptance documentation
6. Appendix 1 - Vehicle Photos: Photographs of the vehicle at the time of delivery
7. Appendix 2 - Required Documents: List of all required documentation from both parties
8. Appendix 3 - Maintenance Schedule: Recommended maintenance schedule and requirements
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Financial Services
Banking
Insurance
Consumer Finance
Retail
Transportation
Vehicle Leasing
Relevant Teams
Legal
Finance
Sales
Compliance
Credit and Risk
Collections
Customer Service
Documentation
Operations
Insurance
Account Management
Relevant Roles
Finance Manager
Sales Manager
Credit Officer
Legal Counsel
Compliance Officer
Auto Loan Officer
dealership Manager
Financial Controller
Risk Manager
Collections Manager
Customer Service Manager
Insurance Coordinator
Documentation Specialist
Account Executive
Vehicle Finance Specialist
Find the exact document you need
Personal Auto Loan Contract
A Philippine-law governed agreement for vehicle purchase financing, establishing loan terms and security arrangements in compliance with local banking and consumer protection regulations.
find out more
Commercial Loan Contract
A Philippine law-governed agreement establishing terms and conditions for a commercial loan between a financial institution and a business borrower.
find out more
Family Member Loan Agreement
A Philippine law-governed agreement that formalizes loan arrangements between family members, establishing clear terms while maintaining familial relationships.
find out more
Business Investment Loan Agreement
A Philippine law-governed agreement establishing terms for a business investment loan between a financial institution and corporate borrower, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Legal Financial Agreement Between Two Parties
A Philippine law-governed agreement establishing financial obligations between two parties, incorporating local regulatory requirements and transaction frameworks.
find out more
Diy Loan Agreement
A comprehensive loan agreement template for use in the Philippines, ensuring compliance with local lending laws while protecting both lender and borrower interests.
find out more
Employees Loan Agreement
A Philippine law-compliant agreement establishing terms and conditions for an employer-provided loan to an employee, including repayment through salary deductions.
find out more
Model Loan Agreement
Standard loan agreement template compliant with Philippine law and banking regulations, suitable for various lending transactions.
find out more
Master Securities Loan Agreement
A Philippine law-governed framework agreement for securities lending transactions between financial institutions, establishing terms for multiple securities loans.
find out more
Film Equity Investment Agreement
A Philippine-law governed agreement establishing terms for equity investment in a film project, including investment structure, rights, and profit sharing arrangements.
find out more
Interest Loan Agreement
A Philippine law-governed agreement establishing terms for a loan with interest, including principal amount, interest rates, repayment terms, and security arrangements.
find out more
Co Financing Agreement
A legal agreement under Philippine law establishing terms for multiple parties to jointly finance a project, including rights, obligations, and coordination mechanisms between co-financiers.
find out more
Loan And Guarantee Agreement
A Philippine law-governed agreement establishing terms for a loan facility and associated guarantee, combining lending terms with guarantee obligations under Philippine banking regulations.
find out more
Mortgage Loan Assumption Agreement
A Philippine law-governed agreement that enables the transfer of mortgage loan obligations from an original borrower to an assuming party, outlining terms, conditions, and obligations of all parties involved.
find out more
Deed Of Accession Loan Agreement
A Philippine law-governed deed that enables a new party to join and become bound by an existing loan agreement's terms and conditions.
find out more
Co Borrower Loan Agreement
A Philippine law-governed agreement establishing joint liability between multiple borrowers for a loan, detailing terms, obligations, and shared responsibilities.
find out more
Bridge Loan Contract
A Philippine law-governed agreement establishing terms for temporary financing through a bridge loan, ensuring compliance with local banking regulations while securing interim funding needs.
find out more
Undertaking Loan Agreement
A Philippine law-governed loan agreement specifying terms, conditions, and obligations between lender and borrower, compliant with local banking regulations.
find out more
Trade Finance Agreement
A Philippine law-governed agreement establishing trade finance facilities between a bank and borrower, setting out facility terms, security arrangements, and regulatory compliance requirements.
find out more
Separation Financial Agreement
A Philippine law-governed agreement that formalizes the financial arrangements and asset division between separating spouses.
find out more
Project Finance Contract
A Philippine law-governed financing agreement for large-scale infrastructure or development projects, establishing terms for project financing, security arrangements, and implementation requirements.
find out more
Margin Loan Agreement
A Philippine law-governed agreement establishing terms for loans secured by securities as collateral, including margin requirements and enforcement provisions.
find out more
Loan Swap Agreement
A Philippine law-governed agreement enabling the exchange of loan payment obligations between parties, including interest rate and/or currency swaps, with compliance to local banking regulations.
find out more
Loan Borrower Agreement
A Philippine law-governed agreement establishing terms and conditions for a loan between a lender and borrower, ensuring compliance with local banking and financial regulations.
find out more
Friends And Family Loan Agreement
A Philippine law-governed agreement that formalizes and documents loan arrangements between family members or friends, establishing clear terms and protecting both parties' interests.
find out more
Financing Contract Agreement
A Philippine law-governed agreement establishing terms and conditions for a financing arrangement between lender and borrower, including facility details, security, and regulatory compliance requirements.
find out more
Debt Agreement Loans
A Philippine law-governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and security arrangements.
find out more
Car Mortgage Agreement
A Philippine law-governed agreement establishing a security interest in a vehicle as collateral for a loan, detailing financing terms and parties' obligations.
find out more
Car Installment Agreement
A Philippine law-governed agreement establishing terms for vehicle purchase through installment payments, including financing terms, ownership rights, and party obligations.
find out more
Business Loan Contract
A Philippine law-governed agreement establishing terms and conditions for a business loan between a financial institution and a business entity.
find out more
Bridge Facility Agreement
A temporary financing arrangement under Philippine law providing interim funding until permanent financing is secured, subject to local banking regulations and BSP requirements.
find out more
Installment Loan Agreement Promissory Note
A Philippine law-governed combined installment loan agreement and promissory note that establishes loan terms, repayment schedules, and security arrangements.
find out more
Commercial Finance Agreement
A Philippine law-governed agreement establishing terms and conditions for commercial financing between a lender and corporate borrower.
find out more
Mortgage Bond Agreement
A Philippine law-governed agreement establishing terms for issuing bonds secured by real estate mortgage, detailing security interests, bond terms, and regulatory compliance requirements.
find out more
Master Asset Finance Agreement
A Philippine law-governed master agreement establishing terms for multiple asset-based financing transactions between financier and borrower.
find out more
Car Loan Security Agreement
A Philippine-law governed security agreement creating a lender's security interest over a financed vehicle, incorporating mandatory consumer protection provisions and disclosure requirements.
find out more
Small Business Loan Agreement
A Philippine-law governed agreement establishing terms and conditions for lending to small businesses, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Recourse Loan Agreement
A Philippine law-governed loan agreement giving the lender rights to pursue the borrower's assets beyond collateral in case of default.
find out more
Loan Agreement Between Lender Borrower And Guarantor
A Philippine law-governed agreement establishing loan terms between lender, borrower, and guarantor, including loan conditions, guarantor obligations, and security provisions.
find out more
Loan Amortization Agreement
A Philippine-compliant agreement detailing loan terms and structured repayment schedules through regular amortization installments.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)