An auto loan agreement is a contract used to secure a loan by a buyer of a motor vehicle. The agreement establishes the names of the borrower and lender, the amount ($) that was borrowed, the length of the loan, how much the borrower needs to pay on a monthly basis, and other important terms.

For the vehicle value received by address of agrees to pay (Lender Name) with a mailing address of (the “Lender”). PAYMENT. This agreement, (the “Note”), shall be due and payable, including the principal with a mailing (the “Borrower”), and any accrued interest, on a monthly basis.