2.9 When paying for the vehicle, the seller shall make available to the buyer all necessary documents and documents concerning the ownership of the vehicle. PandaTip: Modify this clause according to the agreed payment method. For example, if both parties accept the scheduled payments: “Payment must be made according to the following schedule: 01/01/2017 $100.00 (to be paid in cash) 02/01/2017 $200.00 (to be paid by check) 03/01/2017 $300.00 (to be paid by bank transfer) Other examples could be: “Cash payment of a total amount of $10,000.00” “Payment by bank transfer of the amount of $10,000.00 to the following details account number XXXX Bank code XXXX” ” $10,000.00 per cheque.” There are a number of problems that can arise if you do not use a instalment payment contract: the seller must make sure that he sees proof of the buyer`s address as well as identification. You should make copies to ensure that the buyer will not “disappear” after the first payment. Merchants always use a sales contract to conclude a sale, and it is an agreement between the buyer and the seller. However, if you buy a vehicle from an individual, you must sign a sales contract for the individual, which is a simplified form of sales contract. This is necessary so that the individual can prove that he is no longer in possession of the vehicle if the vehicle is involved in an accident or if the vehicle has been abandoned. The Bill of Sale can also serve as a “pink note” for the buyer until the paperwork for the new owner is complete. Another incentive for the buyer to buy vehicles is an offer of high interest rates on financing. Make sure this offer is included in the contract…