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The undersigned, herein known as the Buyer, agrees to purchase from {name}, herein known as the Seller, the following:
{description of what the Buyer will purchase}
Payment of said item(s) will be as follows:
Sales price |
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Applicable taxes |
|
Finance charges |
|
Insurance |
|
Additional charges |
|
Purchase total |
Buyer agrees to pay a down payment of {amount}.
Buyer will finance {amount}, which will be charged a {number} percent annual interest rate.
The amount finance will be paid in {number} installments of {amount}. Final payment will be on or before {date}.
The Buyer will only receive the title to the purchased property upon the final payment.
If payments go into default for more than {number} days, the full balance shall become due. Buyer will be responsible for Seller's legal fees in this situation.
Buyer and Seller freely and willingly enter into this agreement this {date} day of {month}, {year}.
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