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Can i buy a car with a promissory note

Promissory Note in Connection with Sale of Vehicle or Automobile - Arizona 2026

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This document is a promissory note related to the sale of a vehicle, outlining the terms of payment from the buyer to the seller. It specifies the amount owed, payment schedule, interest rate options, and consequences of default, including repossession rights for the seller. The note also addresses title retention and security interests in the vehicle.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the total amount of the loan in the first blank space, followed by the county and date of signing.
Fill in the names and addresses of both the Buyer(s) and Seller(s) in their respective sections.
Specify the purchase price of the vehicle and indicate whether interest will be charged. If applicable, enter the interest rate.
Detail the monthly payment amount and set a due date for the first payment, along with subsequent payment dates.
Indicate whether there will be a pre-payment penalty and review default terms regarding payment failures.
Complete vehicle details including make, model, year, and VIN. Choose whether title will be retained by Seller or transferred to Buyer.
Finally, have all parties sign and provide their Social Security numbers where indicated.

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