e wo rds “ o ur , ” “we ” an d “ us ” ref er to the credi tor/seller in this con tract, or upon a ny assignmen t, its assignee. e w ords “ your ” and “yo u” r efer to the buy er and co-buy er , if an y , nam ed in
this con trac t. W e sell you the mo tor vehic le describ ed abov e on credit. e credi t price is the “ T otal Sa le Price ” sho wn b elo w . e “ C ash P r ice ” is also shown belo w . By signing this con trac t,
yo u agree to b uy the vehicle on cr edit and pa y t he T otal Sa le Price acco rdin g to the terms, agreemen ts and schedules sho w n o n the fron t and back o f this con t ract. If this co ntract is signed by a
buy er and co-buy er , each is tog ether and indi v id ually respon sible for all agreemen ts in this con tract. SEE O THER SIDE FO R ADD ITION AL TERMS AND A GREEMENTS.
A. FEDERAL TR U TH-IN-LENDIN G DISCLOS URES ANNU AL PER CENT A GE RA TE: e cost of y our credit as a y early ra te. FIN ANCE CH ARGE e dollar am oun t t he cr e dit will Amoun t Finance d e amo unt of cr edit pr ovided to you o n your behalf. T otal of P ayame nts e amo unt you will ha ve paid a er yo u hav e made al l paym ents as sch eduled T otal Sale Price e total cost o f your pur chase on cr e dit, in cludin g your do wnpaymen t of $ _________________ is $ _________________(e) B. Y OUR P A YMENT SCHEDULE WILL B E: N umber of P ayments: Amoun t of Pa y ments: When P ayments Ar e D ue On P a ymen t Of On P a ymen t Of P a ymen ts M onthly , b eginning One Final P aymen t C. SECURITYSECURITY : Y ou are gi ving a secur ity in terest in the g oods or pr operty b eing p urchased. LA TE CH ARGES: If an y paymen t is more tha n 10 days la te you ma y b e cha rged 5% of the la te amo unt.
PRE-P A YMENT : I f you pay y our co n tract in f ull befor e its mat ur ity , y ou may be cha rged a minim um nance cha rge . Se e the back o f this con t ract document fo r any inf ormation a b ou t nonpa yment,
defaul t, any r e quir ed repaymen t in f ull befor e the scheduled dat e and p repa yment minim um nance c har ge. (e) MEANS AN ES TIMA TE
ITEMIZATION OF AMOUNT FINANCED 1. Total Cash Price A. Cash Price Motor Vehicle and Accessories .. $ __________ (A) 1. Cash Price Vehicle . $ __________ 2. Cash Price Accessories . $ __________ 3. Other ___________________________ $ __________ ___________________________ $ __________ B. Document Preparation Fee (not a governmental fee). $ __________ (B) C. Smog Fee Paid to Seller . $ __________ (C) D. e Deterrent Device(s) (optional) ____________________________________ $ __________ (D) ____________________________________ $ __________ (D) ____________________________________ $ __________ (D) E. Surface Protection Product(s) (optional) ____________________________________ $ __________ (E) ____________________________________ $ __________ (E) ____________________________________ $ __________ (E) F. Sales Tax . $ __________ (F) G. Optional DMV Electronic Filing Fee . $ __________ (G) H. Service Contract (optional) ____________________________________ $ __________ (H) ____________________________________ $ __________ (H) ____________________________________ $ __________ (H) ____________________________________ $ __________ (H) ____________________________________ $ __________ (H) I. Prior Credit or Lease Balance paid by Seller to ____________________________________ $ __________ (I) (See down payment and trade-in calculation) J. Optional Debt Cancella tion Agreement(GAP)$ __________ (J) K. Used Vehicle Contract Cancellation Option Agreement . $ __________ (K) L. Other (For) __________________________ $ __________ (L) To whom paid ____________________________________ Total Cash Price (A to L) . $ __________ (1) 2. Amounts Paid to Public Ocials A. License Fees . $ __________ (A) B. Registration/Transfer/Titling Fees . $ __________ (B) C. California Tire Fees . $ __________ (C) D. Other . $ __________ (D) E. Other . $ __________ (E) Total Ocial Fees (A to E) . $ __________ (2) 3. Amounts Paid to Insurance Companies (Total premiums from Statement of Insurance column a+b) . $ __________ (3) 4. Smog Certication Fee or . $ __________ (4) Exemption Fee Paid to State . $ __________ (4) Subtotal (1 to 4) . $ __________ (5) 6. Total Down Payment A. Trade-in Value . $ __________ (A) Yr __________ Make _____________________________ Model _________________________________________ V.I.N. _________________________________________ Odometer ______________________________________ B. Less Prior Credit or Lease Balance . $ __________ (B) C. Trade-in (A less B). (Indicate if a negative number) . $ __________ (C) D. Deferred Down Payment . $ __________ (D) E. Manufacturer’s Rebate . $ __________ (E) F. Other . $ __________ (F) G. Remaining Cash Down Payment . $ __________ (G) Total Down Payment (6C to G) . $ __________ (6)(If negative, enter zero on line 6 and enter the amount less than zero as a positive number on line 1I above)
7. Amount Financed (5 less 6) . $ __________ (7) Seller may keep a portion of these amounts. Buy er’ s Signat ure X__________________________ Da te ___________ Co-Buyer ’ s Signat ure X__________________________ Dat e ___________ P age 1 of 2 ----- C on tinued on N ext Pages M ike ’ s A uto s Ales
NO TICES :e names a nd addres ses of all persons to who m the notices req uired o r permitted b y law
to be sent ar e s et fo r th at the t op o f this fo rm. SER VICE CONTRACT (Op t ion al) Y ou request a serv ice co ntract writ ten with the fo llowing co m- pan y for the term below . e cos t is sho wn on line 1 H in I temizatio n of Amoun t Financed. Compa n y ____________________T erm ___________ Mos. Or _________ Miles Compa n y ____________________T erm ___________ Mos. Or _________ Miles Compa n y ____________________T erm ___________ Mos. Or _________ Miles Buy er X____________________________________ Co-Buyer X____________________________ ST A TEMENT OF INSURANCE NOTICE : N o p erson is r equired, as a condition o f nancing the purchase of a mot or vehicle, to purchase or nego tiat e any insurance through a particu lar insurance com pany , agen t or broker . ONL Y PHY SI CAL D AMA GE INSURANCE IS REQ UIRED TO OB T AIN CREDIT . UNLESS A CH ARGE IS INCL UDED IN THIS A GREEMENT FOR PUBLI C LI ABILIT Y OR PRO PER T Y D AMAGE INS URANCE, P A Y MENT FOR SUCH CO VERA GE IS NOT PRO VIDED BY THIS A GREEMENT .Y ou ha ve r equested Seller to incl ude in the balance due under this agr e emen t t he f ollowin g insur -
ance; B uyer r e ques ts Seller to procure in surance u p on the described pro p erty agains t re, the, a nd
collision f or the term of this agreemen t. Any in surance will no t be in for ce un til accepted by the
insura nce carrier . Premium $_______________ DED ., COMP ., FIRE & THEFT ______ M os. $_______________ $_______________ DEDUCTIB LE COLLISI ON ________ Mos. $_______________ B O DIL Y INJUR Y $______________LIMITS ___________ Mos. $_______________ PRO PER T Y D AMAGE $__________LIMITS __________ M os. $______________ MEDI CAL ______________________________________ M os. $______________ T OT AL VEHICLE INS URANCE PREMIUMS $______________ (a) e fo regoin g declara t io ns ar e hereb y ackno wledged. X___________________________________ X______________________________________ SELLER B UYER OPTI ON AL CREDIT & DISABILITY INSURANCE A UTHORIZA TI ON AND APP LICA TI ONY ou vol untarily req uest the credi t insura nce check ed below , if an y , and under stand tha t such insur -
ance is n ot r equired. Y ou acknowledge disclos ure o f the cost of s uch insura nce and au t ho r ize i t to
be included in the balance paya ble under the se curity agreemen t. Any r eturned or refunded cr edit
insura nce pr emiums shall be ap plied to the sum s due under this co n tract. Only the p erson s w hose
names a re signed b elo w are ins ured. CREDIT LIFE _____________ M os. Premi um $ _________ JOINT LIFE _______________M os. Premi um $ _________ CREDIT DISAB ILIT Y_______ M os. Premium $ _________ T OT AL CREDIT INS UR ANCE PREMIU MS $ _______ (b) Compa n y ________________________________________ Y ou W an t Credit Lif e In surance Y ou wan t J oin t Credit Life I nsurance Y ou wan t Credit Disab ility I nsura nce (Primary Buyer Only) Y ou ar e a ppl ying fo r t he cr e dit in surance mark e d abo ve. Y our signa ture belo w meansthat y ou agr e e tha t: (1) Y ou ar e not eligible fo r insurance if yo u have r e ached 65th birthda y . (2) Y ou
ar e eligible fo r disability ins urance o nly if yo u ar e wo rking or wa ges o r pr ot 30 ho urs a week o r
mor e on the Eective Dat e. (3) Only the prima r y bu yer is eligib le for di sabili ty insuran ce. DISABILITY INSURANCE MA Y NOT CO VER CONDITI ONS FOR WHICH Y OU H A VE S EEN A DO CTO R OR CHIRO PR A CTO R IN THE L AST 6 M ONTHS (ref er to ” T otal Dis ab i li ties No t C ov-ered ” in your policy or certilic a te for details). B y signing below , you agree to buy cr e dit insurance
______________X___________________________________________________________ D A TE PRIMAR Y BUYER A GE ______________X___________________________________________________________ D A TE C O-B UYER AGE DISCLOS URE OF A U T O BROKER FEE A BRO KER A GE FEE was was not P AID T o (name) ___________________________________________________ NO TICE OF RESCISS IO N RIGHTSIf B uyer signs h ere , the pr ovisio ns on the rever se side shall b e a pplicable t o this con t ract.
Buy er ’ s Signat ure X____________________________________ C o-B uyer’ s Signa t ure X_________________________________If yo u are buying a use d vehicle with this contract, as indic a ted in the description of the ve hicle
above, f eder al regulation ma y require a spe cial Buy ers Guide to be displayed on the window . BUYERS GUID E. THE INFORMA TIO N Y OU SEE ON THE WINDOW FO RM FOR THIS VEHICLE IS P AR T OF THIS CONTRA CT . INFO RMA TIO N ON THE WIND O W FORM OVERRID ES ANY C ONTRAR Y PRO VISIONS IN THE CO NTRA CT OF SALE. GUI A DEL COMPRADOR DE A UTOS USADOS. L A INFORMA CION Q UE USTED VE EN L A FORMA QUE S E ENCUENTRA EN L A VENT AN A DE ESTE VEHI CULO FORMA P AR TE DE ES TE CONTRA TO . L A INFORMA CION D E L A FO RMA EN L A VENT AN A INV ALID A CU ALQUIER DIS POSICIO N QUE FUERA C ONTRARI A AL CONTRA T O DE VENT A . GU ARANT YEach person who signs as Guara nto r individually guara ntees the paymen t of this con trac t, even if
we do o ne or mo re of the fo l lo wing: (1) give the B uyer mo re time to pay o ne or mor e p a yments; (2)
give a full or partial release to an y other Guara nto r ; (3) re lease an y sec urity; (4) accept less from the
Buy er than the to tal amoun t owing; o r (5) other wise reach a settlemen t rela ting to this con trac t o r
extend the co ntract. Each Gua ran tor ackno wledges receip t of a com pleted copy o f t his co n tract and
guaran ty at the time of signing a nd Guaran tor wa ives no t ice o f acceptance a s of this G uaran ty , notice
of the Bu yer ’ s non-paymen t, non-performa nce, an d defaul t; and notices of the a moun t owing a t any
time, and o f any dem ands u p on the B uyer . Gua ran tor X__________________________________________________ Dat e ______________ A ddress ________________________________________________________________________ Gua ran tor X_______________________________________________ Dat e _________________ A ddress ________________________________________________________________________T rade in P ayo - S eller used and re lied upon info r ma tion from yo u or lessor of y our trade-in vehicle
fo r the payo amoun t in 6B of the I temizatio n of Amo unt Finan ced as the “Prio r Credit or Lease
Balance. ” S eller agrees to pa y t he a moun t in 6B to the lienholder or lessor o f t he trade-in ve hicle, o r
its designee. I f t he pa yo amo unt is mo re than theamo un t sho wn in 68, you m ust pay the Seller the excess on dem and. I f the payo amo un t is less than
the amo unt s ho wn in 6B, Seller will refund the dieren ce to yo u. Excep tas sta ted in the “N otice ” on the back of this con tract, any as signee of this con trac t will not be obli-
gat e d to pa y t he Prio r Credit or Lease Ba lance o r any r efund due from the Seller . X________________________ X_____________________________ TITLE TRANSFER FEES (N ot Financed): e Bu yer wil l pa y the estimat ed fee(s) of $ _________to the a pp ro priate p ublic a uthority in o rder to tra nsfer r egistration a er paymen t in ful l.
OPTI ON: Y ou pa y no Finance Char ge if the Amo unt Fin anced, i tem 7, is paid in ful l o n or befor e _____________ Y ear _________ SELLERS INITI ALSOPTI ON AL DEBT CAN CELL A TION CONTRA CT (GAP). Debt cancella t io n cov erage is n ot r equir ed to obtain cr edit. I wan t to pur chase a debt cancella t io n con trac t which is part of this co n tract shown
in line (1J) abov e. C om pany ______________ T er m ______ M on ths Buy er X_____________________________ Co-Buyer X____________________________
SELLER A SSISTED LO AN: FOR THIS LO AN, BUYER MA Y B E REQUIRED T O PLED GE SECURITY AND WILL BE OBLI GA TED FOR THE INST ALLMENT P A YMENTS ON BO TH THE SECU-
RITY AGREEMENT AND THE LO AN. Proceeds of loan - F rom ________________________ Am oun t $ ______ Finance Charg e $ _____ T otal $ ______
P aya ble in Installmen ts of $ ______________ $ _______________ from this loan is described in (6D) above.
COMPLAINT If you ha ve a complaint co ncerning this sale, you sho uld tr y to resolve it with the Sell er . Complain ts concerning unfair o r d eceptive practices or methods by the Sell er ma y be refe rred
to the City A tt orne y , the Dist rict A tt orne y , o r an in vestiga to r fo r the D epartment of M oto r V ehicl es, or a ny co mbina tion thereof.
HO W THIS C ONTRA CT MA Y BE CH ANGED A er this contract is signed, the S eller may not cha nge the nancin g or payment t erms un less you agree in writing t o
the change. Y ou do not ha ve to agree to a ny chan ge, and it is an unfair or deceptive practice fo r the Sell er t o make a unilateral change .
B uyer’ s Signat ure X _______________________________ C o-B uyer ’ s Signa tur e X _____________________________________
THE MINIMUM PUBLI C LI ABILIT Y INS URANCE LIMITS PRO VIDED IN THE LA W MUST BE ME T BY EVER Y PERSO N WHO PUR CH ASES A VEHI CLE. IF Y OU ARE UNS URE WHETHER OR
NO T Y OUR CURRENT INS UR ANCE PO LICY WILL C O VER Y OUR NEWL Y A C QUIRED VEHI CLE IN THE EVENT OF AN A CCIDENT , Y OU SHO ULD CONT A CT Y OUR INSURANCE A GENT .
W ARNING:Y OUR PRESENT PO LICY MA Y NO T C O VER COLLISI ON D AMAGE O R MA Y NO T PRO VIDE FOR FULL REPLA CEMENT COSTS FOR THE VEHICLE BEIN G PURCH ASED . IF Y OU
DO NOT H A VE FULL CO VERAGE, S UPPLEMENT AL COVERA GE FOR COLLISI ON D AMAGE MA Y BE A V AIL ABLE T O Y OU THR OUGH Y OUR INS UR ANCE A GENT OR THR OUGH THE SELLING
DEALER. HO WEVER , UNLESS O THER WISE S PECIFIED , THE COVERA GE Y OU OB T AIN THR OUGH THE DEALER PR OTECTS ONL Y THE D EALER, USU ALL Y UP T O THE AMOUNT OF
THE UNP AID B AL ANCE REMAININ G AFTER THE VEHICLE H AS B EEN REPOSSESS ED AND SOLD .FOR AD VICE ON FULL COVERA GE TH A T WILL PRO TECT Y OU IN THE EVENT OF LOSS OR D AMA GE TO Y OUR VEHICLE, Y OU S HOULD CONT ACT Y OUR INSURANCE A GENT .
THE BUYER S H ALL SIGN T O ACKN OWLEDGE TH A T HE/SHE UND ERST ANDS THESE PUBLIC LI ABILITY TERMS AND C O NDITI ONS.
X_______________________________________ X____________________________________e Annual P ercen tage Rate ma y be negoliable w ith the Seller . e S eller may assign this con tr act and reta in its right to r eceive a par t of the F inance Charge.
“THERE IS NO CO OLING O FF PERIOD UNLESS Y OU OB T AIN A CONTRA CT CANCELLA TION O PTION”California law does not pr ovid e f or a “ cooling o ” or othe r cancell a tion period for vehicle sales. eref ore , you cannot la ter cancel this con tract simply bec ause you cha nge your mind , deci de the vehicle costs too
much, or wish you had acq uired a dier ent vehicle. A er you sign below , you may o nly c ancel this co ntract with the agreement of the Seller or fo r legal c ause, such as fraud, H owe ver , California law does require a
seller to oe r a 2 day con tract c ancellat ion opt ion on used vehicles w ith a p urchase price of less than $40,000, sub ject to certain stat uto r y conditio ns, is contract cancellation op tion requir ement does not a pply to
the sale of a recreational vehicle, a mot orc ycle or an o hig hwa y motor ve hicle subject to identication under California Law . Se e the vehicle contract cancellation op tion agreement f or detai ls.
BUYER A CKNO WLED GES TH A T (1 ) BEFORE S IGNIN G THIS A GREEMENT BUYER READ BOTH S IDES OF THIS A GREEMENT AND RECEIVED A LEGIBLE, COMPLETEL Y FILLED IN
COPY O F THIS A GREEMENT , AND (2) B UYER H AS RECEIVED A COPY O F EVER Y OTHER DO CUMENT TH A T BUYER S IGNED DURIN G THE C ONTRA CT NEGOTI A TIO N.
Buy er ’ s Signat ure X__________________________ Dat e _________ C o-Buyer’ s Signa ture X___________________________ Da te _________
A co-buy er is responsib le for the paymen ts of the debt o n t his co ntract. An addi tional o wner is listed o n the title as an o w ner , bu t is not res ponsib le fo r paymen t of the debt o n this con trac t.
A dditional Ow ner __________________________________________________ A ddress __________________________________________________________________________________________
Sel ler ______________________________ A ddress __________________________________________________________________________
___________________________________________________ By X ___________________________ T itle _____________________________
MIK E’S A UTO SA LES – SI MP LE INTE RE ST MOTOR VEHICLE CONTRACT AND SECURI T Y AGREEMENT CONTIN UED -
P a ge 3 of 4 OTHER IM POR TAN T AGR E EM ENTS 1. FINANCE CHARGE AND P AYM ENT S a. How we w i ll fig ure Fina nc e Cha rge . We wi ll f i gu re t h e Fin an c e C h a rge o n a d ai ly ba si s at the An n ua l Per c en ta ge R at e on th e un pa i d par t of the A moun t F ina nce d. Cr edito r - Seller m a y recei v e pa rt of t he F inance Charg e. b. Ho w we w il l app l y p a ym ents . W e may apply each paym ent to th e earn ed and unpai d part of the Fin anc e Ch arge, t o the unpa id par t of the A mount F inan ce d a n d t o o the r am ou nts y ou ow e unde r th is co ntra ct i n any o rde r w e cho os e. c. How late pay m e nt s or ea rl y pay m ent s ch an ge wh at you m us t pa y. We b as ed th e Fin anc e Ch ar ge, Tot a l of Pa yment s, and Tota l Sa le Pr ice s how n on t he fr ont o n the a ss um ptio n th at y o u wi ll ma k e ev er y p a ymen t on th e da y i t i s du e. You r Fi nan c e Ch ar ge, Tota l of P a ymen t s , and To tal Sal e P rice w ill be mo re if you p a y late and le ss if y ou pay ear ly . Change s may tak e t he form of a larger or sma ller fin al payment or, at o ur op tion , more or fe wer pay me nts o f th e sam e am oun t as y our sche dul ed pay me nt w ith a smal le r f inal pay ment. W e w i ll send y ou a not ice te l li ng y ou abo ut t hes e ch ange be fo re the fina l sc hed ule d pa y me nt is d ue. d. You m ay pr epa y. Yo u m ay pre pay al l or part o f t he u npai d par t o f the amo unt F ina nc e d a t any time . I f y ou d o s o, y o u mus t p ay the earn ed an d unp aid pa rt of th e F in an c e Ch ar ge an d all ot h er am oun ts due up to th e dat e of your p ay m ent . As of th e d at e of your p a ymen t, if th e mi n i mum fin an ce ch a rge is grea t er t h an th e ea rn ed Fin a n c e C har ge, you ma y ch ar ged th e d if feren c e; th e mini mu m fin ance charge is a s follows: (1) $ 25 i f th e o rig ina l A mount F inanc e d doe s no t ex cee d $10 00, ( 2) $ 50 if t he o rig inal A mo unt Fina nced is more t ha n $1,00 0 but n o t more th an $2, 000, or (3 ) $75 if th e origi nal Amoun t Fina nced is m ore th an $2, 000 . 2. YOUR OT H E R PROMISE S TO US a. If the vehicl e is da m aged, d estro yed, o r m issing . You agree to pay us all y ou o we under th is co ntra ct e ve n if t he ve hicl e is da maged, dest royed, or mi ssin g. GA P LIA BILI TY NO TIC E In t h e ev en t of th eft or d ama ge t o you r v eh i cl e t ha t r esu lt s in a t ota l lo ss, ther e m ay be a gap b e tw ee n the amo unt y o u o w e unde r t his co ntra ct and the pro ce eds of y our i ns ur ance se ttle me nt an d de duct ible . THIS CO NT RACT PROVIDES T HAT YOU ARE LI ABLE F OR THE GAP AMOUNT . A n optio nal g ap co ntra ct (d eb t can c ellati on cont ract ) for covera ge of th e gap am oun t m a y b e offer ed for an addit iona l char ge. b. Using the vehicle. You a g r ee no t to r em ov e t h e veh ic le fr o m t h e U. S. or C an ada , or t o sell, ren t, lea se, or t ra n s f er an y in t eres t in t he v ehicl e o r th is co ntra ct w ithout our w ritten per mis sio n. You a gree not to exp o s e th e veh ic le to mi s u s e, seizu re, con fi scation , or involunta ry tra n sfer. I f we pay an y repai r bills, st or a ge bi lls, t axes, f in es, or cha rges on th e vehi c le, you a gree t o re pay the amo unt w hen w e ask f or it. c. Secu rit y Int erest . Yo u giv e us a se cur ity inte re st in: • The veh ic le an d a ll pa rts or go od s in stalled on i t; • Al l m oney or go ods re ce ived ( pro ce eds) fo r t he Veh ic le. • All i n s u r anc e, ma int enan c e, s ervi c e, or ot h er c ont ra ct s we fin anc ed for you; a nd • All p roc e ed s f r om i n su ran ce, mai n t ena n c e, ser v i c e, or oth e r c o n tra c ts w e fina nce f or y ou. T his i ncl ude s a ny refun d s of premiu ms or cha rges from cont racts. T his s ec ure s pay me nt of al l y ou o w e on t his con trac t. It a l s o sec u r es you r o t h er a g r eemen ts i n th i s co n t rac t a s th e l a w all o ws. You will m ak e su re t h e t it le s ho ws our se curity inte re st (l ien ) i n t h e veh ic le. d. Insura nce you m ust ha ve o n the veh ic le . You a gree to h ave ph ysi c al da mage insu ranc e coveri n g loss of or d a mag e t o th e veh i c le fo r t h e t er m of th i s cont ra ct . Th e i n su r anc e mu s t co v er ou r in t eres t in the veh i c le. I f you d o not have this insur ance , we may if w e choo se, buy phys ical damag e ins ura nce. I f we decide to buy phy sic al da m age i n su ran ce, we ma y eit h er bu y insu rance tha t covers you r int erest a nd our i n t eres t i n th e veh i c le, or bu y in sur ance t h at cov er s on ly our i n t eres t. If we b u y eit h er t ype of i n su ran c e, we wi ll t ell you w hich ty pe an d t he char ge y ou m ust p ay . T he charg e w ill be t h e prem i u m for t h e in su ran ce an d a fi n an ce ch a rge eq ua l t o th e Annua l Percen t age Ra t e shown on th e front of th is c ont ract or , at o ur o ptio n, the highe st r ate the l aw pe rmits . I f the veh ic le i s los t o r d a ma ged , you a gree t h a t we may u s e an y i n su r anc e set t lemen t to r edu c e wha t you owe or r epa i r th e e. What happe ns to retur ne d insurance , m a i ntena nce, serv ic e, o r oth er con t ra ct char ges . If we get a refu n d of i n su r anc e, main t enan c e, s ervi c e, or o th er c on t ra ct ch a r ges, you ag re e that w e may subtr act the re fun d f ro m w hat y ou ow e . 3. IF YO U P AY LATE O R BRE AK YOUR OTHER PROM I SES a. You m ay ow e lat e ch ar ge s . Yo u wil l pay a late c harg e on ea ch late paym e nt as s how n on the fro n t. Acce ptance of a l ate p a ymen t o r l a t e ch a rge d oes n ot ex c u se you r lat e p aymen t or me an th at y ou m ay kee p ma ki ng l ate pay me nts. I f yo u pay late , we may also take the ste ps des cri be d b e l ow . b. You m ay hav e t o p ay all you ow e at onc e. I f y o u bre ak y our pro mise s ( de faul t), we may de mand tha t y o u pay al l y ou ow e o n this contr act at o nce , su bje ct to a ny right the l aw g ive s y ou to re instate this con trac t. Defa u l t mea n s: • Yo u do not pay any pay me nt on t ime ; • You s ta r t a p roc ee ding in ban kru pt cy or one is st arte d a ga i nst you or you r p r op erty; • The vehi cle i s lost, dama ged or dest royed; or • You b r eak an y agr eem ent s in thi s c ontr act . T he am oun t y ou w ill owe wi l l b e the unpa id part of th e A mo un t F inanc e d pl us the e arne d a nd u npa id part of t he F inance Charg e , any late ch arge s, and any amou nts d ue because y ou de faulte d. c. You m ay hav e t o p ay coll ecti on cost s. Yo u w ill pay our reason ab le cost s to c ollec t what you owe, i n cludi ng att or n ey fe es, co urt co sts , coll ection agency fee s, and fe e s pai d for ot h er reason ab le collect ion effort s . You a gre e to p ay a cha rge not to exce ed $15 i f any ch eck you give t o us is di shon ored. d. W e m ay tak e th e veh icle from you. I f you d efa u lt , we may t ak e (r ep os ses s ) t he v eh i cle f rom you i f we d o so p ea cef u ll y a n d t h e la w allo ws i t . If you r veh ic le h as an elec tr o n i c tr acki n g d ev i c e, you agr ee th a t we ma y us e th e devi c e to f i nd th e veh ic le. If w e t a k e th e veh i c le, any a c c es sor ies , eq uip men t, and re placem e nt parts w ill s tay with t h e ve hicle. I f any per sonal ite ms a re in th e veh ic le, we ma y st o r e t h em for you at you r e x pe nse . I f yo u do not as k fo r the se it e ms back, w e m ay dispo se of t hem a s the la w allo ws . e. How yo u can g e t t h e v e hi cl e bac k i f w e t ake i t. If w e rep oss ess t h e veh ic le, you ma y pa y to g et i t b ac k (r ed eem ) . You may re dee m the ve hicle by pay ing al l yo u o we , o r y ou m ay hav e the rig ht to r eins tate this contr act a nd re dee m the v ehic le by pay ing pa st due pay ment s a nd a ny late charg es , pro vi di ng pr oo f o f ins ur a nce , an d/or ta king othe r a ctio n to cur e the de faul t. We w ill pr ov ide y o u al l no tices re qu ire d b y l aw to te ll yo u w hen an d ho w much to pay and/o r w hat a ct ion y ou mus t t a ke to re de e m t h e veh ic le. f. W e wi ll se ll th e vehi cle i f y ou d o not g et it b a ck . I f you do n ot red eem, we wi ll s ell t h e veh i c le. We wil l sen d y ou a w ritte n n o t ic e of s a le b efore s el li n g t h e veh i cle. We wil l a p pl y t h e mon ey f r o m th e s a le, less a llo wed exp ens es, t o th e a moun t you owe. Al lo w ed exp en ses a re exp en ses w e pa y as a di rec t resu lt of tak ing th e vehi c le, h oldi ng it, prep aring i t for s ale, and selli ng i t. A ttorney fee s and co urt co sts t h e law pe rmits are als o al low ed e x pe nse s. I f a ny mo ney is l eft ( surpl us ), w e w ill pa y it to y ou unl e ss t he law re quire s us t o p ay it to s om eo ne el se . I f m oney from t he sa le is not enough to pa y th e am oun t you owe, you mus t p ay the re st to us . I f y ou do not pa y this am ou nt w hen w e as k , we ma y ch a r g e you i nt eres t a t th e A n n ua l Per c en ta ge R ate sho w n o n t he face of t hi s co ntra ct, not to e xce ed the hig hes t r ate pe rmitte d by l aw , un til y o u pay . g. W hat we m ay do ab out o pt iona l i nsu rance, m ainten ance , serv ic e, o r oth er con t racts . This c ontra ct ma y contai n ch arges for o p t i o na l in su ranc e, mai nt en an ce, servi c e, or o t h er c o n t rac ts.
MIK E’S A UTO SA LES – SI MP LE INTE RE ST MOTOR VEHICLE CONTRACT AND SECURI T Y AGREEMENT CONTIN UED -
P a ge 4 of 4 If w e r ep os ses s th e veh i cle, we m a y cl ai m b en efi t s un d er t h ese co n t rac ts an d ca n c el t h em to ob t ai n re fun ds o f une ar ne d c harg e s to red u c e wha t you owe or r ep a i r t h e veh ic l e. If th e veh i c le i s a tot al lo ss because it is co nfis cate d, dam aged, o r s tol en, w e may claim b en efi t s und er th es e c on t ra c ts an d ca nc el t h em t o obt ai n r efu n d s o f une ar ne d c harg e s to redu ce wh a t you o w e. 4. WARRANTIE S SE LLE R DI S CL AIMS If y ou do n ot get a writ ten wa rranty, and th e Sel ler d oes not enter into a serv ice cont ract w i thin 90 d ays fr om the d ate o f this contr act, t he S eller m a k es no w arra nties, express or im plied, on the vehi cle, and there will be no implie d warrantie s o f m erchant abi lit y or o f fitnes s for a parti cular purp os e. Thi s pr ovi sion does n ot aff ec t any warra nti es coveri ng th e vehi c le tha t the ve hicl e m an ufa c ture r m ay pro vi de . I f the Se lle r has so ld y o u a cer ti fi ed us ed ve hicl e , the w arranty of me rcha ntab ility is not dis claime d. 5. Use d C a r B uyer s G ui de . The information you see o n the wi ndow form for t his v ehic l e is p art o f th is c ontra ct. In form ation on th e wind o w fo rm ov err ides an y con tr ary p r ovis ions in t he c ont ract o f Spani sh Transla tion: Gui a p ara co mp rador es d e veh icu los u sa dos . La in form acion q ue v e en el form ular i o de la ven tan illa p a ra es te veh i culo form a part e de l pres ent e cont rato. La in form acion d el for m ular i o d e la v ent an il l a d eja s in efec to tod a d ispos ic i o n e n co ntra ri o conte nida en el co ntrato d e venta. 6. Appli ca ble Law F e der al law and Cal iforni a law apply to this co ntra ct. I f any part of this co ntra ct is not valid , all other part s stay valid. W e may del a y or refrain from enforci ng an y of our right s und e r t his co ntr ac t w itho ut los i n g t h em. For e xa mp le, w e m ay e x t en d th e ti me f or mak in g s ome pay me nts w itho ut e xte ndi ng t he t ime f or maki ng o the rs. 7. W arrant ies of Buy e r Yo u pro mise y ou hav e g ive n tr ue a nd cor re ct inf orm atio n i n y ou r ap plic atio n for cre dit, and y ou hav e n o kno wl ed ge tha t w il l make th a t inf or mat ion untr ue in th e fu tur e. W e have rel ied o n the tr uth and acc ura cy of that inf o rm atio n in ente ri ng i nto th is cont r act. U pon re que st, y ou w il l p ro vide us w ith doc ume nts a nd o t he r i nfo rm a tio n n ec ess ar y t o v er ify any item co ntaine d in y o ur c re dit appl ic at ion. You wai ve th e provi si ons of Ca lif. Vehic le C od e Sect ion 180 8.21 and aut hori ze th e C ali fornia Depart ment of Mot or Vehic les t o fu r ni sh your res i d enc e ad d r es s t o us. CREDI T DISAB ILI T Y INSURANCE NOT I C E CL AIM PROCE DURE I f yo u beco me disa ble d, y ou m ust te l l u s r ig ht aw ay . (Y ou ar e adv ise d to sen d this in format ion t o t h e sam e a dd ress to whi ch you a re norma lly re quire d to se nd y our pay me nts, u nl e ss a dif fe re nt ad dre ss o r te le phone num ber is g ive n to y ou i n w rit in g b y us a s the lo cat io n w her e w e w oul d l ik e to be no tifie d.) W e w ill te ll y ou w he re to g et cl aim f orm s. Yo u mus t se nd in t he co mple te d fo rm to t he ins ura nce com pany as s oo n as pos s ible and tell u s as s oon as you d o. I f your disab ility ins ura nce c overs all of yo ur m i ssed pa yment (s ), WE CANNOT TRY TO CO LL EC T WHAT YOU OWE OR FORE C L OSE UPON RE POSSESS ANY CO LL ATER AL UN TIL THREE C AL END A R M ONTHS AFTER y our fir st mis sed pay me nt is d ue o r un til the ins ura nce c o m pany pay s o r r e je cts y our cla im, w hiche ve r co m es fir st. W e ca n , how eve r, try to co lle ct, for e close , or re p osse ss if y ou have any mo ney due and o w ing us or ar e o t he rw ise in de faul t w he n y ou dis ability claim is m ade o r if senio r m ortg age or lie n holde r is forecl osi ng. I f the ins ura nce com pan y pay s the cl aim wit hi n the thre e cale nd ar mo nths , w e mus t ac cept the mo ne y a s tho ugh y ou p aid o n tim e. I f the ins ura nce c om pa ny re je cts the cla im w ithin t he th re e c al endar mo nths or acce pts the cl a im w it hin the three cale ndar mo nths on a par tial dis abil ity and pay s le ss tha n for a to tal dis abil ity , y ou w i ll have 35 day s fr o m the da te th at t he r e je ction or the acce ptan ce o f the p art ial disa bility claim is se nt to pay pas t d ue pay me nts, o r t he dif fe re nce be tw ee n the pas t d ue pay me nts a nd w hat t he insur an ce co m pany pay s f or the par tial disa bili ty , plu s late c harges. You ca n c ontac t u s, and we w i ll tel l you h ow mu c h you owe. Aft er t h a t ti me, we ca n tak e a ct ion t o collec t o r f or eclos e o r repos s es s a ny colla t eral you m a y have gi ven . I f the ins ur a nce com pa ny acce pts y our c la i m but req ui res t ha t you send in add iti onal form s t o rema in eligi b le for cont inu ed payment s, you s h ould sen d in these c om p leted addi tion al forms n o lat er tha n req uired . I f you do no t se nd in t hes e fo rm s o n tim e , the in sura nce co mpa ny may sto p pay ing, and we wil l t h en b e ab le t o tak e a ct ion to co ll ec t or for ec los e o r r ep os ses s any coll ateral y ou may have giv en. Sell er 's Ri ght to Can cel a. Se ller ag re es to del iver the v ehicl e to yo u on t he dat e th is co ntr act is sig ned by Se ller and y o u. Y o u un de rs t a n d th at it ma y tak e a f ew da ys for Sell er t o verif y you r c redi t and a ssign th e c ont ract . You ag r ee th a t if Selle r i s un ab le to a ssi gn t h e c ont rac t t o an y one o f th e fina ncial ins titu tio ns w ith w hom Se ller re gul arly doe s busines s u n d er an a ssi g n men t ac cep t ab le t o S el l er, S elle r may cance l the b. Se lle r s hall giv e y ou w ritte n not ice (or in a ny othe r ma n ne r i n w hich act ual noti ce i s g iv en to y ou) w ithin 10 day s o f the date th is co ntr act i s si gned if S ell er e lec ts to c an cel. Upon rec ei p t of s uch n oti c e, you mu st i m med i at ely ret u r n t h e veh i c le to S el le r i n th e sa m e co nd it i on as w hen so ld, r easo nabl e wear a n d tear excep t ed . Selle r m us t gi v e bac k to y ou a l l co nsi der atio n re ceiv ed by Se ll er, in clud ing any tra de - in veh ic le. c. I f yo u do no t imm edi atel y retur n the v e hicl e, y ou sh a ll b e li ab le for al l ex p en ses in cu rred b y Seller in t akin g th e veh i c le from you , inc ludi ng rea sonable a t torn ey's fees. d. W hile the ve hicl e is i n y our poss ess io n, al l te rm s o f the co ntra ct, in cl uding t ho se re lating to use o f t he v ehic l e and i nsur ance fo r t h e vehi c le, sh all b e in fu ll f o r c e an d you s h a ll a ssu m e all ri sk of los s or dam age to the ve hicle . You m ust p ay all re asonable costs f or repair of a n y d am age t o th e veh ic l e u nt i l th e vehi c le i s ret urn ed t o Sel ler .NOTICE : A NY HOLDE R OF THISCONS U M ER CREDI T CONTR A CT I S SUBJE CT TO A LL CL A IM S A N D DE F ENS ES W HICH THE DEBTOR COULD
A SSERT A G A INST T HE SELL ER OF G OODS OR SERVIC ES OB T A I NED PUR SU A NT HERET O OR WIT H T HE PROC EED S HER EO F. R ECOV ERY
HERE UNDER BY THE DEBTOR SH A L L NOT EXCE ED A M O UNTS P A I D BY THE DE BTOR HERE UNDER.The precedi ng NOTICE appli es only if the "personal, f amil y or household" box i n t he "Primary Use for W hi c h Purchased" secti on of this c ontract i s
check ed. I n all other cases, Buyer w il l not assert against any subsequent holder or ass i gnee of this contrac t any claims or defens es the B uyer (debtor)
m ay have agai ns t the Seller, or against the manufacturer of the vehicle or equipm ent obtai ned under this contract .
