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hi there whether youve been approved for the cva program grant are in the process of completing your application or just want to expand your knowledge about purchase contracts youve come to the right place in this video we are going to cover a part of the purchasing process that isnt really talked about which is understanding the components of the purchase contract itself purchasing a vehicle is a big financial commitment so id like to take this time to review the sample contract with you to help you understand the ins and outs of a purchase contract before signing your own i will be covering the highlighted sections of this contract so lets get started starting with the basics you will see yours and the dealerships information on the top row the buyer refers to the program participant and the creditor seller refers to the approved dealership below the buyer and seller section youll find information that identifies the vehicle being purchased starting with whether or not the ve