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

Get Form
promissory note sample for payment Preview on Page 1

Here's how it works

01. Edit your promissory note sample for payment online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Promissory Note in Connection with Sale of Vehicle or Automobile - Oregon

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the sale amount in the designated field labeled '$_____'. This is the total amount you are borrowing for the vehicle purchase.
  3. Fill in the county and date fields at the top of the form. Ensure that you enter '____ County, Oregon' and today's date accurately.
  4. In the section labeled 'FOR VALUE RECEIVED', input your name as Buyer(s) and the Seller(s) name along with their address. This identifies both parties involved in the transaction.
  5. Specify whether interest will be charged by selecting either 'with interest of ___ percent per annum' or 'no interest'. Enter monthly payment amounts and due dates accordingly.
  6. Complete vehicle details including Make, Model, Year, and VIN in the provided fields to ensure proper identification of the vehicle being financed.
  7. Decide on title retention by checking one of the options regarding whether it will be retained by Seller or transferred to Buyer. This affects ownership rights until payment is complete.
  8. Finally, have all parties sign at the bottom where indicated, ensuring that each Borrower/Buyer includes their Social Security Number for identification purposes.

Start using our platform today to easily fill out your Promissory Note for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
A vehicle promissory note creates a binding document that promises a borrower will pay a lender for a car or other type of vehicle. This agreement can be between two individuals or a borrower and a conventional lender, such as a bank.
A promissory note is used to document the borrowers legal obligation to repay the loan. In contrast, a mortgage is used to document the lenders claim against the property until the loan is repaid in full plus interest.
1. Agree on the Terms of Sale: Both the buyer and seller must first agree on the sale price, down payment, interest rate (if any), and the length of the loan. 2. Create a Promissory Note: This legal document outlines the terms of the financing agreement, including the repayment schedule and any late fees or penalties.
A simple car promissory note should contain the following information: Both the buyers and the sellers names and addresses. The manufacturer, model, year, and vehicle identification number of the automobile (VIN) Loan terms, including loan amount, interest rate, and payment schedule.
be ready to get more

Complete this form in 5 minutes or less

Get form