January 16, 2018

Future documentation of new vehicle transaction

TO         :       TA
                     AP

Subject:   Documentation of Vehicle Acquistion,  Present and Past

You are instructed to  immediately document the transaction in the documentation of vehicles:


Show me the draft documents ASAP


Past:     L300   Calamba for CMCS  with a Promissory Note   to ERS
             L300 for Pangasinan CMCS  with a Promissory Note  to ERS

                           backlogs would have to be paid

             The G4 of   Mila Manaig charged vs. ME

Present:    Pangasinan -   PN for NV 350 12 seater   to ERS
                Calamba         PN for NV 350 premium    to  ERS

               Calapan       -   PN for Crosswind  to Calamba
               Malasiqui     -   PN for Crossiwnd   to   Pangasinan



Suggested template:

This agreement entered to by and between 

 ____________________________________________--represented by _______________   (Or ERS) hereinafter known as LENDER

                                        and

 ___________________________________________represented by 
________________________hereinafter known as the BORROWER


Whereas the borrower is desirous of acquiring a vehicle  for its increased efficiency and speed in carrying out its business;

Whereas the Borrower has the manpower, skiils and management ability to operate, maintain and pay for its monthly obligation


Where as the Borrower is very unlikely to have a good credit standing with banks  and car companies the former lacking updated financial statements and reports

Whereas the Lender has the capability to lend at affordable interest rate to get sufficient ROI for its funds, 

Whereas the borrower agrees that the Lender can have more generous terms for the repayment of the loan and more consideration

For and in consideration of the above premises, both parties have covenanted, agreed and affirmed on the following:

1.  The borrower will acquire a vehicle more particularly described as follows:

      Brand

     Model

     Year

     Described

     Quoted Price by Dealer

2. The Lender will pay in cash the car dealer in the net amount of P_______________

3.  The borrower agrees to:

      1 Pay a down payment of  ______________________________

      2.  Pay a monthly of   ______________________________________

          representing     Principal __________________

                                 Interest  __________________

       for three years

        nominal interest of 4.5% per annum straight financing

       religiously and faithfully every _______of the month without need of demand

    3. Pay the comprehensive insurance every anniversary day of _________________
       endorsed to the Lender without need for demand

    4.  Hire  a qualified and competent driver with professional drivers license to drive the 
         said vehicle safely 

    5.  Subject the vehicle to regular and rigid maintenance schedule .  Keep the vehicle in 5 always, looking and smelling clean

    OTHER CONDITIONS

    1.  Proper record keeping of travel, TRT

    2.  Proper filing of OR, CR and insurance

    3. Regular training and refresher course for the driver

   4.  Only authorized driver and travel under TRT

   FOR STRICT COMPLIANCE

               

--
PAGSASANAY SA TAGUMPAY (Training for Success)




















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1 comment:

  1. Nagawa na? Follow up: Calamba, Calapan, Pangasinan, La Union

    ReplyDelete

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