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)
SETTING THE STANDARDS IN INTERMENT SERVICE
Innovation creates more wealth and more customers
Jorge U. Saguinsin
Be a BIDDA now
RRURAC (Read, Reflect, Understand, Realize Act, Check)
Please visit the following sites:
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Nagawa na? Follow up: Calamba, Calapan, Pangasinan, La Union
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