Retail Installment Sale Contract
Simple Finance Charge
Buyer:John DriscollDate:05/14/26
Seller:FMT Auto GroupVehicle:2024 Silverado
Annual Percentage Rate
The cost of your credit as a yearly rate.
6.90%
Finance Charge
The dollar amount the credit will cost you.
$4,512
Amount Financed
The credit provided to you.
$28,000
Total of Payments
What you will have paid when scheduled.
$32,512
Total Sale Price
Cost on credit including down payment.
$36,512
| Payment Schedule |
|---|
| Number of Payments | 72 |
| Amount of Payments | $478.00 |
| When Due | Monthly |
| First Payment | 06/14/26 |
| Itemization of Amount Financed |
|---|
| Cash Price | $34,000 |
| Down Payment | -$3,000 |
| Trade Allowance | -$3,000 |
| Unpaid Balance | $28,000 |
SECURITY INTEREST: You are giving a security interest in the vehicle being purchased. PREPAYMENT: If you pay off early you will not have to pay a penalty. See contract for terms on nonpayment, default, and required repayment in full before the scheduled date.
BUYERS GUIDE
IMPORTANT: Spoken promises are difficult to enforce. Ask the dealer to put all promises in writing. Keep this form.
Vehicle:2024 Chevrolet SilveradoVIN:1GCUKREC…
✕AS IS — NO DEALER WARRANTY
THE DEALER DOES NOT PROVIDE A WARRANTY FOR ANY REPAIRS AFTER SALE. The dealer assumes no responsibility for any repairs regardless of any oral statements about the vehicle.
DEALER WARRANTY
[ ] FULL [ ] LIMITED WARRANTY. The dealer will pay ____% of labor and ____% of parts for covered systems that fail during the warranty period.
• Frame & Body
• Engine
• Transmission
• Differential
• Brake System
• Steering
• Suspension
• Electrical
• Air Conditioning
• Fuel System
ASK THE DEALER if this vehicle is covered by a manufacturer's warranty, service contract, or is still under a dealer warranty. See the back of this form for a complete list of major defects that may occur in used motor vehicles.
Arbitration Agreement
Read carefully — affects your legal rights
Either you or we may choose to have any dispute between us decided by arbitration and not in court or by jury trial.
1.If a dispute arises, you may choose the arbitration organization to conduct the arbitration, subject to the terms below.
2.You give up your right to participate as a class representative or member in any class claim against us.
3.The arbitrator's decision shall be final and binding, except for any right of appeal under the Federal Arbitration Act.
4.We will advance your filing, administration, and arbitrator fees if you ask, subject to the contract's terms.
Any claim or dispute, whether in contract, tort, statute, or otherwise, between you and us which arises out of or relates to this purchase, the vehicle, or any resulting transaction shall, at your or our election, be resolved by neutral, binding arbitration and not by a court action.
Co-Buyer Signature / Date
Verified Student
