Retail Installment Sale Contract
Seller-creditor
Demo Auto Sales
1500 W Sample St, Sioux Falls, SD 57106
(555) 555-0142
Dealer license #D-10482
Buyer
Tanya Williams
1422 Oak St Sioux Falls, SD 57103
Contract
Account BH-00167
Date Feb 10, 2026
Used vehicle purchased
Year
Make
Model
Body
VIN
Stock #
Odometer
Federal Truth in Lending disclosures
Annual percentage rate
The cost of your credit as a yearly rate.
19.95%
Finance charge
The dollar amount the credit will cost you.
$2,850.80
Amount financed
The amount of credit provided to you or on your behalf.
$8,605.80
Total of payments
The amount you will have paid after you have made all payments as scheduled.
$11,456.60
Total sale price
The total cost of your purchase on credit, including your down payment of $1,000.00.
$12,456.60
Your payment schedule will be:
77 payments of $147.04, every 2 weeks, starting Feb 24, 2026, and a final payment of $134.52 on Feb 6, 2029.
Late charge: if a payment is more than 5 days late, you will be charged $15.00. Prepayment: if you pay off early, you will not have to pay a penalty. Security: you are giving a security interest in the vehicle being purchased.
Itemization of amount financed
Terms
Simple interest: interest is figured daily on the unpaid balance at the annual percentage rate. Paying early reduces the finance charge; paying late increases it.
Each payment applies first to late charges, then to interest owed, then to the amount financed.
You must keep the vehicle insured, with the seller as loss payee, until this contract is paid in full.
If you do not pay as agreed, the seller may require full payment and may repossess the vehicle as allowed by law, after any notices your state requires.
Notice to buyer: Do not sign this contract before you read it or if it contains blank spaces. You are entitled to an exact copy of the contract you sign.
Template for a simple interest buy here pay here contract. State laws on rates, fees, notices, and repossession differ. Have an attorney approve this contract for your state before use.