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					           AUTOMOBILE RETAIL INSTALLMENT CONTRACT
I, THE BUYER (REFERRED TO AS ‘I’, ‘ME’, OR ‘MY’ IN THIS CONTRACT) AGREE TO BUY, SUBJECT TO THE TERMS
OF THIS CONTRACT, AND THE SELLER (REFERRED TO AS ‘YOU’ OR ‘YOUR’ IN THIS CONTRACT) AGREES TO SELL
  THE VEHICLE DESCRIBED BELOW AND ALL ACCESSORY PARTS AND EQUIPMENT ATTACHED TO OR USED IN
 CONNECTION WITH THE VEHCILE (HEREINAFTER CALLED THE ‘VEHICLE’). I PROMISE TO PAY THIS CONTRACT
   TO YOU ACCORDING TO THE TERMS BELOW, AND I GRANT YOU A SECURITY INTEREST IN THE VEHICLE TO
              SECURE THE PAYMENT OF ALL AMOUNTS DUE TO YOU UNDER THIS CONTRACT.

VEHICLE DESCRIPTION:

YEAR:                  MAKE:                               MODEL:                           VIN#              /

ANNUAL PERCENTAGE RATE:                             % THE DOLLAR AMOUNT CREDIT COST:                      /

AMOUNT FINANCED:                                    THE AMOUNT I WILL HAVE PAID W/PAYMENTS:                   /

TOTAL DOWN PAYMENT:                               NUMBER OF PAYMENTS:                        PAYMENT:         /

IST PAYMENT DUE DATE:                     ALL OTHER PAYMENTS ARE DUE:                                     /

                                                                                                          /

I AM GIVING SECURITY INTEREST IN THE FOLLOWING VEHICLE:                                                   /

                                                                                                         /

IF YOUR PAYMENT IS LATE FOR MORE THAN :                  DAYS, YOU WILL BE CHARGED A $                  FEE


YOU AGREE TO CARRY INSURANCE ON VEHCILE FOR THE TERM OF THIS CONTRACT IF YOU FAIL TO DO SO
YOUR CONTRCT WILL BE DUE IN FULL. EVERY TIME A PAYMENT IS DUE YOU MAY BE REQUIRED TO SHOW
PROOF OF INSURANCE TO SHOW THAT YOU ARE OBEYING THE TERMS OF THIS CONTRACT. IF YOU FAIL TO
MAKE THE REQUIRED PAYMENTS ON TIME YOU WILL FORFEIT THE SECURITY INTEREST AND NOT CONTEST THE
REPOSSESSION ORDER THAT WILL BE GIVEN TO TAKE POSSESSION OF VEHCILE. IF YOU WANT TO CLAIM YOUR
VEHCILE, YOU MUST DO SO WITH IN 14-DAYS AND WILL BE SUBJECTED TO REPO FEES, STORAGE FEES, LATE
PAYMENT FEES, AND ANY OTHER FEES INCURRED DUE TO THE REPOSSESSION, AND DUE TO NON PAYMENT
AND OR BREACH OF SAID CONTRACT. YOU MUST ALSO UNDERSTAND THAT THESE VEHICLES ARE USED AND
THEY WILL POSSIBLY HAVE PROBLEMS AS A RESULT OF NORMAL WEAR AND TEAR. YOU WILL HOLD US
HARMLESS OF ANY AND ALL MECHANICAL FAILURES. YOU CAN ALSO PURCHASE A WARRANTY THAT MAY
COVER MECHANICAL BREAKDOWNS, THAT WAY YOU CAN BE COVERED SHOULD A PROBLEM ARISE.



1. CASH PRICE:                            /                      SELLER’S NAME:                               /

2. DOC FEE:                              /                        INDIVIDUAL:                                     /

3. TOTAL TAXABLE PRICE:                   /                       ADDRESS:                                    /

4. REGISTRATION FEE:                      /                       CITY/STATE/ZIP:                             /

5. TITLE FEE:                             /                        DATE:                                  /

6. SALES TAX:                                 /                    BUYER’S NAME:                          /

7. NON TAXABLE CHARGE:                       /                     SIGNATURE:                             /

8. DOWN PAYMENT:                             /                     ADDRESS:                               /

9. UNPAID CASH BALANCE:                   /                        CITY/STATE/ZIP:                       /

10. FINANCE CHARGE:                          /          BUYER ACKNOWLEDGES RECEIPT OF A COMPLETED
                                                        COPY OF THIS CONTRACT AND ALL DISCLOSURES HEREON
11. AMOUNT FINANCED:                         /          BUYER SIGNS:                        DATE:        /



                               This is a Legal binding Contract for the State of Michigan
                                          Copyright 2006 101MI (9832) (3671)

				
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posted:2/28/2010
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