Car credit – A credit agreement is important if you are borrowing to buy a new or used car, as it has a term of about five years. CONSIDERING the granting of credit to the lender lending certain funds (the «loan» to the borrower) and the borrower who will repay the loan to the lender, both parties agree to respect, respect and respect the commitments and conditions set out in this Agreement: a person or company may use a loan agreement to fulfil conditions such as a schedule of amortization with detailed interest (if any) or by: Indicate the monthly payment of a loan. The most important aspect of a loan is that it can be adjusted to its liking by being very detailed or just a simple note. In any case, each credit agreement must be signed in writing by both parties.