Vehicle Loan Agreement Template

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Vehicle Loan Agreement Template

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Vehicle Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
Introduction:
This Vehicle Loan Agreement (“Agreement”) is made as of [Date], to outline the terms and conditions regarding the loan provided by the Lender to the Borrower for the purchase of a vehicle.
Clause 1: Vehicle Details
The vehicle to be financed under this Agreement is as follows:
Make: [Make]
Model: [Model]
Year: [Year]
VIN: [Vehicle Identification Number].
Clause 2: Loan Amount
The total loan amount granted by the Lender to the Borrower shall be [Loan Amount].
Clause 3: Interest Rate
The loan shall bear an interest rate of [Interest Rate]% per annum.
Clause 4: Repayment Schedule
The Borrower agrees to repay the loan amount in monthly installments of [Amount] starting on [Start Date] and continuing until [End Date].
Clause 5: Prepayment
The Borrower may prepay the loan in whole or in part at any time without penalty.
Clause 6: Default
In the event of default by the Borrower, the Lender may pursue legal action to recover the loan balance.
Clause 7: Governing Law
This Agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Vehicle Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
Introduction:
This Vehicle Loan Agreement (“Agreement”) is entered into on [Date] to establish the terms under which the Borrower shall obtain a loan for the purchase of a vehicle from the Lender.
Clause 1: Loan Purpose
The Borrower intends to use the loan amount solely for the purpose of purchasing the vehicle described herein.
Clause 2: Loan Amount and Disbursement
The Lender agrees to lend the Borrower a sum of [Loan Amount], which shall be disbursed upon execution of this Agreement.
Clause 3: Monthly Payments
The Borrower shall make equal monthly payments of [Amount] until the loan is fully repaid, due on the [Due Date] of each month.
Clause 4: Late Payment
Any late payment shall incur a fee of [Late Fee Amount] if not received within [Grace Period] days after the due date.
Clause 5: Insurance Requirements
The Borrower agrees to maintain adequate insurance coverage on the vehicle throughout the duration of this Agreement.
Clause 6: Assignment
The Lender has the right to assign this Agreement to any third party without the Borrower’s consent.
Clause 7: Amendments
No amendment to this Agreement shall be valid unless it is made in writing and signed by both parties.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Form

Please complete the form below to create the Vehicle Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Vehicle Loan Agreement Template

1. Borrower Information



2. Lender Information


3. Vehicle Information



4. Loan Details



5. Payment Schedule

6. Late Payment Penalties

7. Prepayment Options

8. Default Conditions

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Vehicle Loan Agreement Template

Printable | Editable Form




Vehicle Loan Agreement Template