Auto Finance Contract

This Auto Finance Contract ("Contract") made and effective this [DATE], between[YOUR NAME] Financing Company, a company organized and existing under the laws of the [State], with its head office located at: [YOUR COMPANY ADDRESS], ("Lender"), and [Customer Name], an individual with his main address located at [Customer Address] ("Borrower").

1. PROMISE TO PAY

Under this Contract, Borrower promises to pay to Lender the amount of [Loan Amount], together with interest payable on the unpaid principal at the rate of [Interest Rate] per annum.

2. REFINANCING OF EXISTING LOAN

This contract is intended to refinance the existing auto loan of the Borrower held by the Lender under contract number [Existing Loan Contract Number].

3. PAYMENT

Borrower will make monthly payments of [Payment Amount], beginning [Start Date] and continuing every month thereafter until [End Date], or until the full amount of the Loan has been paid.

4. PREPAYMENT

Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be subject to refund upon early payment.

5. LOAN DEFAULT

If any of the following happens, the Lender may declare the Borrower to be in default, the Loan can become fully due and payable immediately upon the Lender's demand, and/or the Lender can exercise any rights the Lender has under this Contract:

Borrower fails to make a payment as required by this Contract.
Borrower files for bankruptcy or becomes insolvent.

6. GOVERNING LAW

This Contract will be construed following and governed by the laws of the [State].

IN WITNESS WHEREOF the Borrower has executed this Contract as of the date first above written.

[YOUR NAME]

[DATE SIGNED]

[Customer Name]

[DATE SIGNED]