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Get Retail Installment Contract Form
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How to fill out the Retail Installment Contract Form online
Filling out the Retail Installment Contract Form online is a straightforward process that ensures buyers can purchase their vehicle in a clear and organized manner. This guide provides step-by-step instructions on how to effectively complete each section of the form.
Follow the steps to successfully complete the Retail Installment Contract Form.
- Click ‘Get Form’ button to access the Retail Installment Contract Form and open it in your preferred editor.
- Enter the names of all buyers in the designated fields. Provide both the primary buyer’s name and the co-buyer’s name if applicable.
- Fill in the business address of the seller as well as the residential addresses of the buyers. Ensure all addresses are complete with city, state, and ZIP code.
- In the vehicle details section, indicate the year of the vehicle, whether it is new or used, the make, model, color, and VIN (Vehicle Identification Number).
- Select any applicable features of the vehicle by checking the relevant boxes, such as if it has an automatic transmission, air conditioning, etc.
- Review and fill out the Federal Truth-in-Lending Disclosure Statement, which summarizes the financial terms including the annual percentage rate, finance charge, and total of payments.
- Complete the itemization of the amounts financed, including the cash price, down payment, taxes, any optional fees, and the total amount financed.
- Provide the payment schedule, including the number of payments, amount of payments, and specify when the first payment is due.
- Ensure both the buyer and co-buyer initial the required sections to indicate their agreements to the terms detailed in the contract.
- Finally, review the entire form for accuracy. Once satisfied, you can save changes, download a copy of the completed form, print it for your records, or share it as necessary.
Complete your Retail Installment Contract Form online today to streamline your vehicle purchase process!
A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.
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