Hi Khun Korakot,
Thank you for the contract.
I need to correct some points of it.
1) It is selling contract, but not leasing. The difference between regular sale contract is that the payments will be done by the installments. We should describe it in the point - payments.
15/05/2016 First payment 70 000 THB
15/06/2016 Second 10 000 THB
15/07/2016 Third... 10 000
Till it is over.
Usually we do indicate in the installments payment, that in case of delay in payment the interest of ....(it can be up to 15% annual interest) will be applied.
When the contract is signed, the car is sold.
2) As it is racing car, the chance that it will not last long very high. This is the reason, why the bank did not provide any loan for it. In this case we need to add the points, that both sides understand it is and regardless from the car condition and presence the contract will be fulfill by the buyer. No return or money back options are available.
3) It would be good to have guarantor or kind of pledge for the buyer.
4) Needed to mention, that all name and registration transfers will be done only when the payments done in accordance with mentioned schedule and in full.
If you are OK, with all of it, I am able to prepare the selling contract.
Thank you for reading!
Looking forward to receive your reply.
Have a great festive days!
Best regards,
Andrey