Installment Sales Contract For Vehicle In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

The Installment Sales Contract for Vehicle in Miami-Dade serves as a legal agreement between a seller and a purchaser regarding the sale of a vehicle through installment payments. This form facilitates clear terms for the purchase price, interest rate, payment schedule, late fees, and conditions for default. Notably, the seller retains a purchase money security interest in the vehicle, ensuring protection for the seller should the purchaser default on payments. The contract outlines remedies available to the seller in such an event, including the collection of costs related to repossessing the vehicle. It also includes provisions regarding modifications, governing law, and the severability of contract provisions, enhancing its legal robustness. Legal professionals, such as attorneys and paralegals, can utilize this form to assist clients in drafting clear and enforceable agreements, thus ensuring compliance with state regulations and protecting their interests. This contract is particularly useful for individuals or businesses engaging in vehicle sales on an installment basis, ensuring both parties' rights and obligations are clearly defined.
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FAQ

The answer to this question is that it depends. It's possible to register for a dealer license at your home address and property. But in order to do so, the property must be a building that (1) meets zoning requirements, (2) meets DMV requirements, and (3) is not the dealer's primary residence.

The FAR/BAR “AS IS” and Standard contracts are comprehensive and simplified agreements that contain all the pertinent provisions typically agreed upon in residential real estate agreements in Florida.

An installment contract is a single contract that is completed by a series of performances –such as payments, performances of a service, or delivery of goods–rather than being performed all at one time.

Real estate installment contracts are a financing option that allows for periodic payments instead of a lump sum payment. Also known as a land contract, contract for deed, or contract for sale in the real estate industry.

(a) An automobile, motorcycle, truck, trailer, semitrailer, truck tractor and semitrailer combination, or any other vehicle operated on the roads of this state, used to transport persons or property, and propelled by power other than muscular power, but the term does not include traction engines, road rollers, ...

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Installment Sales Contract For Vehicle In Miami-Dade