Page 3 of the Conditional Sale ContractConditional Sale Contract • August 16th, 2024
Contract Type FiledAugust 16th, 2024● A trade payoff agreement is a provision that may be included in a conditional sales contract when a buyer is trading in a vehicle that still has an outstanding loan or balance. In this case, the trade payoff agreement specifies that the dealership will pay off the remaining balance on the trade-in vehicle's loan, up to a certain amount, as part of the overall transaction.