1994-148-RES WHEREAS, CITY COUNCIL DID IN RESOLUTION NO 94-111
RESOLUTION NO. 94-148
WHEREAS, the City Council of the City of Paris, did in Resolution 94-111 accept
the Law Enforcement/Detection/Apprehension Grant No. SA-95-TOI-08004 from the
Offtce of the Governor, Automobile Theft Prevention Authority; and,
WHEREAS, as a part of the above described grant program, the City of Paris took
bids for the furnishing and delivery of two new vehicles, which are to be furnished with
the option to return for the Paris Police Department, which bids were received until 3:00
P.M., Tuesday, November 8, 1994; and,
WHEREAS, the best bid for furnishing and delivery of said vehicles with option
to return was made by LOWRY CHEVROLET, INC. in the form of Exhibit A attached
hereto, and it should be awarded such bid; and,
WHEREAS, the form of the Retail Instalment Sale Contracts for such vehicles
attached hereto as Exhibit B-1 and Exhibit B-2, should be approved, and the City Manager
should be authorized to execute the same; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that
the bid outlined on the Bid Form of LOWRY CHEVROLET, INC., attached hereto as
Exhibit A, for the furnishing and delivery of two new vehicles with the option to return
for the Paris Police Department is hereby accepted and let conditioned upon said dealer
meeting all of the terms and conditions included in the bid documents; and,
BE IT FURTHER RESOLVED, that the form of Retail Instalment Sale Contracts
attached hereto as Exhibit B-1 and Exhibit B-2, be, and the same are hereby approved, and
that the City Manager of the City of Paris, Michael E. Malone, be, and he is hereby
authorized and directed to execute on behalf of the City of Paris the Retail Instalment
Contracts with LOWRY CHEVROLET, INC., for the furnishing and delivery of two new
vehicles with the option to return, upon the terms and conditions and in the form shown
in Exhibit B-1 and Exhibit B-2 attached hereto.
PASSED AND ADOPTED this 14th day of November, 1994.
ATTEST:
~~" ~~. -~~
Mattie Cunningham, City CI
APPROVED AS}'~ FORM:
/
BID FORM
PURCHASE VEHICLES
WITH OPTION.TO RETURN
TO:
MAYOR AND CITY COUNCIL,
FROM:
LO"~Y CHEVROLET INC
1915 N. ~~IN PARIS, TX i5460
N~~e and Address of Bidder
(I), (~e) hereby offer to the City of Paris vehicles
meeting your specifications:
Option 1 - Purchase with the option to return vehicles on
October 31,1995, with payments to be made oVe~ the ten
month period beginning November 15,1994 and e~ding
August 31,1995.
(Describe any deviation from the prepared specifications)
1. SEE ATTACHED FOR PRICING OF UNIT vl AND 02
2.
3.
Said vehicles to be delivered within 30 (complete) calendar
days to the City of Paris Police Department, 811 Bonham,
Paris,Texas, filling the description in the City of Paris
Specification.
All Prices F.O.B. City of Paris.
this ~Ii-
day
of )u-u.
1994
~~.n!C~~r~1i\
lfubl:;F:'UJ i;.U
NOV 8 i994
CITY v,., 1 "-:O"R
....l.c:.l....~'"1.\.:u.;J
PAIUS. nXAS
EXHIBIT. A
SPECIFICATIONS
VEHICLE ONE
1. NEW 1994 OR 1995 FULL SIZE 1/2 TON PICKUP TRUCK WITH
WIDE BED.
2. WHEEL BASE SHALL BE A MINIMUM OF 117 INCHES
3. ENGINE - SHALL BE A MINIMUM OF 4.0 LITER AND BE A V-6
4. RADIATOR - STANDARD MANUFACTURERS EQUIPMENT
5. TRANSMISSION - 4 SPEED AUTOMATIC
6. BRAKES - POWER BRAKES
7. SUSPENSiON - STANDARD MANUFACTURERS EQUIPMENT
8. STEERING - POWER STEERING
9. ELECTRICAL - STANDARD MANUFACTURERS EQUIPMENT
10. SPEED CONTROL - STANDARD MANUFACTURERS EQUIPMENT
11. RADIO - AM/FM RADIO
12. SEAT - CLOTH
13. WINDSHIELD WIPERS - INTERMITTENT WITH DELAY
14. TIRES - P235-l5 RADIAL
15. AIR CONDITIONING - STANDARD MANUFACTURERS EQUIPMENT
16. HEATER - STANDARD MANUFACTURERS EQUIPMENT
17. BODY - SHORT WIDE BOX, FULL SIZE PICKUP
18. COLOR - RED OR WHITE
19. INTERIOR COLOR - RED, GRAY, OR BEIGE
20. EXTERIOR MIRROR - BELOW EYELINE STANDARDS
21. WINDOWS - STANDARD MANUFACTURERS EQUIPMENT
22. WARRANTY - 36 MONTHS, 36,000 MILES OR EQUIVALENT
23. BIDDERS EQUIPMENT - BIDDERS WILL OUTLINE ON THE BID
FORM DEVIATIONS FROM THE PREPARED SPECIFICATIONS
24. SALES TAX EXEMPTION - NO STATE OR MUNICIPAL SALES
TAX IS APPLICABLE TO THIS LEASE
25. DELIVERY TIME - WITHIN 30 DAYS OF AWARDING OF BID
26. DELIVERY POINT - CITY OF PARIS GARAGE, 50 W. HICKORY,
PARIS ,TEXAS
11
A-2
SPECIFICATIONS
VEHICLE TWO
1. NEW 1994 OR 1995 FOUR DOOR SEDAN
2. WHEELBASE - SHALL BE A MINIMUM OF 107 INCHES
3. ENGINE - SHALL BE A MINIMUM OF 3.0 LITER AND BE A V-6
4. RADIATOR - STANDARD MANUFACTURERS EQUIPMENT
5. TRANSMISSION - AUTOMATIC
6. BRAKES - POWER ANTI-LOCK BRAKES
7. SUSPENSION - STANDARD MANUFACTURERS EQUIPMENT
8. STEERING - POWER STEERING
9. ELECTRICAL - ELECTRIC POWER LOCKS, REAR WINDOW DEFOGGER,
AND POWER TRUNK OPENER
10. SPEED CONTROL - SPEED AND CRUISE CONTROL
11. RADIO - AM/FM RADIO
12. SEAT - CLOTH
13. WINDSHIELD WIPERS - INTERMITTENT AND DELAY
14. TIRES - 205-15 STEEL BELTED RADIALS
15. AIR CONDITIONING - STANDARD MANUFACTURERS EQUIPMENT
16. HEATER - STANDARD MANUFACTURERS EQUIPMENT, WITH OUTSIDE
FRESH AIR SUPPLY AND DEFROSTER
17. BODY - FOUR DOOR SEDAN
18. COLOR - WHITE WITH GRAY AND BLUE TRIM
19. INTERIOR COLOR - GRAY AND BLUE
20. EXTERIOR MIRROR - TWIN WITH REMOTE CONTROL
21. WINDOWS - ELECTRIC POWER WINDOWS
22. WARRANTY - 36 MONTHS OR 36000 MILES OR EQUIVALENT
23. BIDDERS EQUIPMENT - BIDDERS WILL LIST OUTLINE ON THE BID
FORM DEVIATIONS FROM THE PREPARED SPECIFICATIONS
24. SALES TAX EXEMPTION - NO STATE OR MUNICIPAL SALES TAX
IS ALLICABLE TO THIS LEASE
25. DELIVERY TIME - WITHIN 30 DAYS OF AWARDING OF BID
26. DELIVERY POINT - CITY OF PARIS GARAGE, 50 W. HICKORY,
PARIS ,TEXAS
1,
~3
Vehicle No. 1
1994 Chevrolet 1/2 ton SWB Pickup
Sales Price
Other Charges & Fees
Total Delivered Price
Payment Schedules
Contract Schedule
1650.00
330.60
330.60
330.60
330.60
330.60
330.60
330.60
330.60
330.60
330.60
330.60
10510.26*
Date
Nov 15, 1994
Dec I, 1994
Jan I, 1995
Feb I, 1995
Har 1, 1995
Apr 1, 1995
Jo'.ay 1, 1995
Jun 1, 1995
Jul 1, 1995
Aug 1, 1995
Sep 1, 1995
Oct 1, 1995
Nov 1, 1995
$14,500.00
69.75
14,569.75
Alternate Schedule
1650.00
363.66
363.66
363.66
363.66
363.66
363.66
363.66
363.6{;
363.6~
363.66
10510.26*
* or $250.00 if unit is returned to ~~C ~ith 15,000 miles or less.
10C per mile for excess miles over 15,000 miles.
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Proof of Collision and Liability insurance requested.
RECEIVED
tlOV 8 1994
CITY MANAGER
PARIS. TEXAS
1915 N. Main. Paris, Texas 754M . Phone (903) 784-7446 . Dallas 238-9011
A-4
//~
Vehicle No. 2
199~ Lumina 4 Door Sedan
Sale Price
Other Charges & Fees
Total Delivered Price
Payment Scheud1es:
Contract Schedule
1650.00
480. 16
480.16
480.16
480.16
480.16
480.16
480.16
480.16
480.16
480.16
480.16
10996.65*
Date
Nov 15, 1994
Dec 1, 1994
Jan I, 1995
Feb I, 1995
Mar I, 1995
Apr I, 1995
May 1, 1995
Jun 1, 1995
Jul 1, 1995
Aug 1, 1995
Sep I, 1995
Oct 1, 1995
Nov 1, 1995
$16,500.00
69.75
16,569.75
Alternate Schedule
1650.00
528.18
528.18
528.18
528.18
528.18
528.16
528.18
528.18
528.18
528.18
10996.65*
*or $250.00 if unit is returned to GMAC yith 15,000 miles or less.
10~ per mile for excess miles over 15,000 miles;
Proof of Collision and Liability insurance required.
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1915 N. Main. Paris, Texas 75460 . Phone (903) 784-7446 . Dallas 238-9011
A-S
-6-
SmartBuy'.
RETAIL INSTALMENT SALE CONTRACT
GMAC FLEXIBLE FINANCE PLAN
Dealer Number Contract Number
GMAC
flNANCIALSEIWlClS
-
-'
-
~
Buyer (and Co-Buyer)-Name and Address (Include Counly and Zip Code)
CITY OF PARIS
P.O. BOX 9037
PARIS, TX. 75461-9037
Creditor (Seller Name and Address)
LOWRY CHEVROLET, INC.
1915 N.MAIN
PARIS, TX. 75460
You, the Buyer (and Co-Buyer, jf any), may buy the vehicle described below for cash or on credit. By signing this contract, you agree to buy the vehicle on credit under the
agreements on the front and back of this contract. You agree 10 pay the Creditor tho Amount Financed and Finance Charge according to the payment schedule shown
below. The Finance Charge is figured on a daily basis at the Annual Percentage Rale on the unpaid balance of the Amount Financed.
Description of VehIcle. You agree to buy and the Creditor agrees 10 sell lhe lollowing vehicle:
NeworUsed Year Make and Model Body Type Vehicle Identificalion No. Use lor Which Purchased
o personal o agricultural
NEW 1994 CHEV 1/2TON PK IGCDC14Z4RZ282675 <<.1 business 0
If truck-Give GVW and describe body and major ilems 01 equipment sold: I Mileage on Odometer
I 317
FEDERAL TRUTH-IN-LENDING DISCLOSURES
ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Tolal of Paymenls Tolal Sale Price
The cost 01 your credit as a The dollar amounllhe The amount 01 credit pra- The amounl you will have paid The lolal cost 01 your purchase
yearly rale. credit will cosl you. vided 10 you or on your aHer you have made all pay. on credit. including your down-
behall. menls as scheduled. payment 01 S is
10.5 % $ 1227.11 $ 12919.75 $ 14146.56 $ 15796.86
Your Paymenl Schedule Will Be:
Number 01 Paymenls
Amount 01 Payments When Payrpcnls Are Due
330 . W~~Mon'h'y beginningl-DEC--:--f9'94
Or as Follows:
-r-FINAL PAYMENT OF 10510.26
-~
DUE ON 1 NOV. 1995
Prepayment. If you pay olf all your debt early, you will not have to pay a penally.
Securily Inlerest. You are giving a security interest in the vehicle being purchased.
Addlllonallnformalion: See the other side of this contract for more informalion including information about nonpayment, default, any required repayment in full
before the scheduled dale, and security interes!.
ITEMIZATION OF AMOUNT FINANCED
1 Cash Price (Including any accessories, goods, services, and sales lax of $
2 Total Downpayment "" Net Trade-in $ N I A
+ Other (Describe)
Your Trade-in is a
)
+ Cash Downpaymenl $ 1650. 00
$
Year
NIA
Make
N/A
Model
3 Unpaid Balance of Cash Price (1 minus 2)
4 Other Charges Including Amounts Paid to Others on Your Behall:
-A Cosl of Required Physical Damage Insurance Paid 10 Ihe Insurance Company Named Below-Covering
Damage to the Vehicle $
..0 Cost of Optional Coverages with Physical Damage Insurance. This insurance is no! required by Creditor. $
...C Cost of Optional Mechanical Repair Insurance Paid to the Insurance Company Named Below-Covering
Certain Mechanical Repairs $
....D Cost of Optional Credillnsurance Paid to the Insurance Company or Companies Named Below.
Life $ Disability, Accident and Health $ $
E Official Fees Paid to Government Agencies $
F Taxes Not Included in Cash Price $
Q Government License and/or Registration Fees (Itemize) $
H Government Certificate at Tille Fees $
I Motor Vehicle Inspection Fee $
J DOCUMENTARY FEE. A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE. A DOCUMENTARY FEE IS
NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO BUYERS FOR HANDLING DOCUMENTS AND
$ 14500.00
(1)
$ 1650.00
(2)
$ 12850.00
(3)
N/A
NIA
N/A
N/A
N/A
N/A
N/A
N/A
19.75
Insur.ance. If any insurance is checked below, the policies or certificates issued by Ihe Companies named will describe the terms and conditions.
. .Required Physical Damage Insurance. Physic,' bmage Insurance Is required until your ".Optlr Mechanical Repair Insurance. The cost of
-debt Is paid in full. You have the option of furnL the required coverage, either through this insu. ~..:e is shown in 4C of the Itemization above.
existing policies of Insurance that you own or control or by obtaining equivalent coverage N/A
through any Insurance company authorized to do business in Texas. The cost of this insur- Insurance Company
ance is shown In 4A of the Itemization above.
Insurance Company NjA Term,N/ A months Term: 036 months or 36,000 miles, whichever occurs first
o If checked, the premium for such insurance included in this contract is at a rate of charge not fixed Term: 0
or approved by the Slate Board of Insurance of Texas. You have the option, for a period of 10 days o If checked, the premium for such insurance included herein
from the date of delivery of a copy of this contract to you. of furnishing the required insurance cov- is at a rate of charge not fixed or approved by the State Board
erage either through existing policies of insurance you own or control or by oblaining equivalent of Insurance of Texas.
coverage through any insurance company authorized 10 do business in Texas.
0$ N/A Deductible Collision and either: 0$25 Deductible
o Full Comprehensive including Fire, Theft and Combined Additional Coverage 0$50 Deductible
0$ N/A Deductible Comprehensive including Fire, Theft and Combined Additional 0$ Deductible
Coverage
tJ Fire, Theft and Combined Additional Coverage
..Optlonal Coverages with Physical Damage Insurance. If you have chosen (his insurance, the premiums for the jnitial~monlh lerm are itemized below
and the total cost is shown in 48 of the Itemization above.
Towing and Labor Costs 0 $ N/A Rental Reimbursement 0 $ N/A CB Radio Equipment 0 $ N/A
... . Optional Credit Insurance. Credit life insurance and credit disability insurance are not required to obtain credit and will not be provided unless you sign for them
and agree to pay the additional cost. If you want this insurance, check the insurance desired and sign below. If you have chosen this insurance, the cost is shown in 40 of
the itemization above. Credit life insurance is based upon the payment schedule and term shown above. This insurance may not pay all you owe on this contract if
you make late payments. Disability insurance covers Ihe original payment amount for the term shown above. II you make late payments. disability insurance will not
pay all of your payments.
Check the Insurance desired: 0 Ufe (Buyer 0 Co-Buyer 0 Both 0)
o Disability, Accident and Health (Buyer Only)
(Name of Insurer) (Home Office Address)
This policy will pay amounts due on this contract up to $ . Total Policy coverage for this and any other Retail Instalment Sale Contract is limited to
$
Credit Disability, Accident and Health Insurance covers the first payments and does not cover the last scheduled payment.
o If checked, the premium for such insurance included herein is at a rate 01 charge not fixed or approved by the State Board of Insurance of Texas.
15 NOV 1994
Buyer Signature Date Co-Buyer Signature Date
THE INSURANCE, IF ANY, REFERRED TO IN THIS CONTRACT DOES NOT INCLUDE COVERAGE FOR BODILY INJURY
AND PROPERTY DAMAGE CAUSED TO OTHERS.
See the other side of this contract for other important agreements, including your agreement to give the Creditor a securily interest in insurance premiums
and proceeds.
THE BUYER'S OPTION TO SELL IS OPTIONAL WITH YOU. DO NOT SIGN THIS CONTRACT UNLESS YOU WANT THE OPTION TO SELL THE VEHICLE TO THE
CREDITOR. EVEN IF YOU SIGN THIS CONTRACT, YOU DO NOT HAVE TO SELL THE VEHICLE UNLESS YOU WANT TO.
IF YOU PREFER A CONTRACT UNDER WHICH YOU ARE SCHEDULED TO PAY WHAT YOU OWE IN PAYMENTS WHICH ARE ALL SUBSTANTIALLY EQUAL IN
AMOUNT, YOU MAY CHOOSE A FINANCING PLAN OF THAT TYPE.
NOTICE TO THE BUYER-DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY
BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN. UNDER THE LAW YOU HAVE
THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS SAVE A
PORTION OF THE FINANCE CHARGE. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS.
You signed this contract and received a copy on NOV. 15 1994
~&~S ~ ~ ~
Buyer Signs BY: Mirh,qpl F._ Malone'. City Manager Co-Buyer Signs
Co-Buyersand Other Owners-A co-buyer is a person who is responsible for paying the entire debt. An other owner is a person whose name is on the title tothe vehicle but
does not have to pay the debt. The co-buyer or other owner knows that the Creditor has a security interest in the vehicle and consents to Ihe security interest.
Orner owner signs here Address
Creditor Signs
LOWRY CHEVROLET, INC.
By
Title V.P.
The SeUer intends to assign this contract to General Motors Acceptance Corporation (GMAC) al: P.O. BOX 660208
DALLAS,TX.75266-0208
Address
When you receive notice of assignment. you agree to make payments to GMAC at the above address.
To contact General Motors Acceptance Corporation about this account call 2 1 4 437 - 5000 . This contract is subject in whole or in part to Texas law which is
enforced by the Consumer Credit Commissioner. 2601 N. Lamar Blvd., Austin, Texas 78705.4207. Phone (512) 479-1285 or (800) 538-1579. Contact the commissioner
relative to any inquiries or complaints. .
If Seller obtained this vehicle from General Motors Corporation (GM) on instalment credillerms, Seller assigns its interest in this contract to GM under thIJ terms of
the GM Instalment Sales Finance Plan-Terms of Substitution and Assignment agreement. Otherwise, Seller assigns its interest in this contract to General Motors
Acceptance Corporation (GMAC) under the terms of the GMAC Retail Plan agreement.
Assigned with recourse Assigned without recourse or with limited recourse
LOWRY CHEVROLET, INC. V.P.
Seller By Title Seller By Title
SmartBuy'.
RETAIL INSTALMENT SALE CONTRACT
GMAC FLEXIBLE FINANCE PLAN
Dealer Number Contract Number
Buyer (and Co-Buyer)-Name and Address (Include County and Zip Code) Creditor (Seller Name and Address)
CITY OF PARIS' LOWRY CHEVROLET, INC.
P.O. BOX 9037 1915 N.MAIN
PARIS, TX. '75461-9037 PARIS. TX. 75460
GMAC
FINANCIAL SERVICES
~
You. the Buyer (and Co-Buyer,11 any), may buy the vehicle described below for cash or on crodit. By signing this contract, you agree 10 buy the vehicle on credit under the
agreements on the front and back of this contract. You agree to pay tho Creditor tho Amount Financed and Finance Charge according to the payment schedule shown
below. Tho Flnance Charge Is figured on a dally basIs at tho Annu8.1 Porcontage Rate on tho unpaid balance of tho Amount Financed.
DeKrlptlon of Vehicle. You agreD to buy and tho Croditor agroos 10 sclllhc lallowing vehicle:
NeworUsed Year ' Make and. Model . , Body Type " Vehicle Identification No. Use for Which Purchased
NEW 1995 CHEV LUMINA 4D 2G1WL52MOS1108262 o personal o agricullural
ex business 0
II truck-Give GVW and dellCllbe bqdy,ar1d l1)al<1r,lIe,m~ 01 equipment sold: I Mileage on Odometer
., ' . " , I, 393
FEDERAL TRUTH.IN.LENDING DISCLOSURES
ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Tolal of Paymanls Total Sale Price
The cost 01 your credit as a The dollar amounllhc The amount or credit pro- The amount you will have paid The lolal cost of your purchase
yearly rate. credil will cosl you. vided 10 you or on your after you have made all pay. on credit, including your down-
behall. , menls as scheduled. paymenl 01 $ is
10.5 ",',' ''I(, , ,;, $1358.66 $ 14919.75 $ 16278.41 $ 17928.41
., , , ,I;. "'..".. ":1(
Your Paitment SchedUle Will Be:
:,:,;. Number 01 Payments
Amount 01 Payments
480.16
When PaYr]1cnls Are Due
Monlhlyboginning 1 DEC 1994
. Or as Follows:
1 FINAL PAYMENT OF 1
DUE ON l'NOV 1995
PrepaymenI. 1,\ you pay ,oil all your debt early, you will not have to pay a penalty.
seCurl.tr Intereal. 'It'u are giving a socurlly Intorostln tho vohicle being purchased.
Addlllon81Inform8t1on:~ Soo'the other side of this contract for more Information including information about nonpayment, delau,lt, any required ropayment In (ull
before the'scheduled dale, and security Interest.
ITEMIZATION OF AMOUNT FINANCED,
1 Cash Price (Including any accessories, goods, sorvicos, and solos lax 01 $
,2 Total DoWnpayment - Net Trade-In $ N / A , '
+ Other (Describe)
Your Trade-In Is a
+Cash Downpayment $ 1650.00
$
Year,
N/A
Mako
Model
3 Unpaid Balance or Cash Prico (1 minus 2)
4 OtherCh.uges Including Amounts Peld to Othors on Your Behall: ,
.A Cost of Required Physical Damage Insuranto Paid to tho Insuranco Company Named Balow-Covering
Damage to the Vehicle ' .',' ' $
-8 Cas' of Optional Covorages with Physical Damago Insurance. This insuranco is not required by Creditor. $
.. -c Cost 01 Optional Mechanical Repair Insuranco Paid 10 tho Insuranco Company Named Bolow- Covoring
Cortaln Mechanical Ropall"8 $
....D Cost or Optional Credit Insurance Paid to tho Insurance Company or Companios Named Below.
L1le $ ; , Dlsobllity. Accident and Health $ '$
E Official Fees Paid to Government Agondes $
F Taxes Not Included In Cash Price $
Q Government License and/or Registration Foes (Itemize) $
H Government Certificate of litlo Fees $
I Motor Vehicle Inspection Fee $
J DOCUMENTARY FEE. A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE. A DOCUMENTARY FEE IS
NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO BUYERS FOR HANDLING DOCUMENTS AND
PERFORMING SERVICES RELATING TO THE CLOSING OF A SALE. BUYERS MAY AVOID PAYMENT OF
THE FEE TO THE SELLER BY HANDLING THE DOCUMENTS AND PERFORMING THE SERYICES
RELATING TO THE CLOSING OF THE SALE. A DOCUMENTARY FEE MAY NOT EXCEED $50. THIS
NOTICE IS REQUIRED BY LAW. $
K other Charges (Seller must identity whO Will receivB payment and describo purpose)
In LOWRY CHEVROLET. INC. lor DEALERS INVENTORY TAX
',_,,1_
$ 16500.00 (1)
$ 1650.00 (2)
$
14850.00 (3)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
19.75
50.00
$
N/A
.
lneur.nce. If any Insurance Is checked below, the IX . 5 or certificates issued by the Companies named will udscrlbe lhe lerms and conditions.
'Requlr-.l PhYII.II Dlmlge Inlurln.e. PhYII.al Damage Inaulan.e 10 required until your ".Optlon81 Mechanical Repair Insurlnce, The cost of
debt I. paid In fun. You have the option of furnishing the required coverage, either through this insurance is shown in 4C of the lIemlzation above.
exlatlng pollcle. ot Insurance that you ,own or control or by obtaining equivalent coverage Insurance Company N/A
through any Insurance company authorized to do business In Texas. The cost of this Insur-
Incels shown In 4A of the Itemization abov...
Insurance Company N/A Term' N/ A months Term: 0 36 months or 36.000 miles. whichever OCCurs firsl
o If checked, the premium for such Insurance included in this contract is at a rale of charge not fixed Term: 0
or approved by the State Board of Insurance of Texas. You have the option, for a period of 10 days o If checked, lhe premium for such Insurance Included herein
from the date of delivery of a copy of this contract to you, of furnishing tho required insurance cov- is at a rate of charge not fixed or approved by the State Board
erage either through existing policies of Insurance you oy!n or control or by obtaining equivalent of Insurance of Texas.
1.- coverage through any Insurance company authorized to do business in Texas.
" 0 $ N / AI Deductible Collision and either: ' o $25 Deductible
. 0 Fun Comprehensive including Fire, Theft and Combined Additional Coverage o $50 Deductible
Dl N/A Deductible Comprehensive Including Fire, Theft and Combined Additional 0$ neductible
eov..._
o Fir., Theft and Combined Additional Coverage
..Optlonal Coverage. with Physlcll Damage Insurance. If you have chosen this insurance, the premiums for the initial_month term are itemized below
and t~ tOlal cost Is shown in 48 of (he Itemization above.
Towing and Labor Costs 0 $ N/A Rental Reimbursemenl 0 $ N/A CB Radio Equipment 0 $ N / ^
... .Optlonal Credit Insurance. Credit life Insurance and credit disability Insurance are nol required 10 oblaln credit and will not be provided unless you sign for them
and agree to pay the additional cost. If you want this insurance, check the insurance desired and sign below. If you have chosen this insurance, the cost Is shown in 40 of
theltemlz8tion above. Credit life Insurance is based upon the payment schedule and term shown above. This Insurance may nol pay all you owe on this contract If
you make late payments. Disability insurance covers the original payment amount for the term shown above. If you make late payments, disability Insurance will not
pay all of your payments.
Check the Insurance desired: 0 Life (Buyer 0 Co-Buyer 0 Both D)
o Disability, Accident and Health (Buyer Only)
" .' .
.. . . (Name of Insurer) (Home Office Address)
This policy will pay amounts due on this contract up to $ . Tolal Policy coverage for this and any ot.her Retail Instalment Sale Contract Is limited to
$' . , , " . :t' ..:\ ,. - ~,
payments and does not cover the last scheduled payment. '.
Credit DI..blllly, Accident and Health Insurance covers the first
o If checked, Ihe premium for such Insumnce Included herein is at a rale of charge not fixed or approved by the State Board of Insurance of Texas.
Buyer Slgna~~re Dale Co-Buyer Signature Date
THE INSURANCE, IF ANY, REFERRED TO IN THIS CONTRACT DOES NOT INCLUDE COVERAGE FOR BODILY INJURY
AND PROPERTY DAMAGE CAUSED TO OTHERS.
~
"'-,-
BuyerSigns CITY OF PARIS
eo.Buyen8 u r i
does not have to pay Ihe debt. The co-buy
Other owner signs here
See the other side of this contract for other Important agreements, Including your agreement to gIve Ihe Creditor a security Interest In Insurance premiums
and proceeds.
THE BUYER'S OPTION TO SELL IS OPTIONAL WITH YOU. DO NOT SIGN THIS CONTRACT UNLESS YOU WANT THE OPTION TO SELL THE VEHICLE TO THE
CREDITOR. EVEN IF YOU SIGN THIS CONTRACT, YOU DO NOT HAVE TO SELL THE VEHICLE UNLESS YOU WANT TO.
IF YOU PREFER A CONTRACT UNDER WHICH YOU ARE SCHEDULED TO PAY WHAT YOU OWE IN PAYMENTS WHICH ARE ALL SUBSTANTIALLY EQUAL IN
AMOUNT, YOU MAY CHOOSE A FINANCING PLAN OF THAT TYPE.
NOTICE TO THE BUYER-DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY
BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN, UNDER THE LAW YOU HAVE
THE RIGHT TO PAY OFF IN ADVANCE THE FUL AMOUNT DUE AND UNDER CERTAIN CONDITIONS SAVE A
PORTION OF THE FINANCE CHARGE. KEEP T 'CON ACT TO PROTECT YOUR LEGAL RIGHTS.
You signed this contract and ecel V. 15 1994
(M ,) (Day) r,)
C Buyer Signs
o enlire eb. An other
has a s urity torest in
Addre
Cred"or Signs LOWRY' CHEVROLET, INC.
By
The Seller Intends to ..slgn this contract to GellllTa' Motors Acceptance Corporation (GM 0208
Address
When you receive notICe of ~ssignment, you agree to make payments to GMAC althe above
To contact General Motors Acceptance Corporation about this account call . This contract is sub in whole or In part to Texas law which is
enforced by the Consumer Credit Commi~loner. 2601 N. Lamar Blvd., Auslin, Texas 78705-4207. P, one (512) 479.1285 or ( 536-1579. Conlacl the commissioner
relative to any inquiries or complaints. "
If Seller obtained Ihls vehicle from General Motors Corporation (GM) on instalment credit terms, Seller assigns its inlerest in this contract 10 GM under thl3 terms of
the GM Instalment Sales Finance Plan-Terms of Substitulion and Assignment agreement. Otherwise, Seller assigns its Interest in this contract to General Motors
Acceptance Corporation (GMAC) under the terms of the GMAC Retail Plan agreement.
Assigned with recourse
Assigned withoul recourse or wilh lImited recourse
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