1) Prepare a draft or a check for the initial down payment; and

(2) Prepare a promissory note for the total balance due on the contract price.

Make the promissory note for the entire balance due after the initial down payment. For example, if the contract price is $1,000.00, and the initial down payment is $600, with a payment of $400.00 within 30 days after the contract is executed, the check or draft will be for $600.00 and the promissory note is for $400.00.

This contract is executed between Ben's Used Car Lot 123 N Ricket Rd., Mchenry, IL, 60050 and Amber Kossow 456 S Lucy Ln., Crystal Lake, IL, 60012. Ben's Used Car Lot agrees to sell a 1994 Jeep Cherokee to Ms. Kossow. Vehicle described above will be fully paid off in one month of execution of this contract. Ms. Kossow agrees to pay Ben's Used Car Lot for the above vehicle the sum of $5,500. $5,000 is to be paid upon execution of this contract and the balance of $500.00 being paid within one month of the sale. $500.00 will be the remaining payment for the vehicle stated above. The buyer will drive off with the vehicle once these terms are agreed to by both parties. If client doesn't pay within the time period stated, then Ben's Used Car Lot has the right to repo the 1994 Jeep Cherokee at any time. Ben's Used Car Lot Seller Amber kossow Buyer 9/1/2021 9/1/2021 This contract is executed between Ben's Used Car Lot 123 N Ricket Rd., Mchenry, IL, 60050 and Amber Kossow 456 S Lucy Ln., Crystal Lake, IL, 60012. Ben's Used Car Lot agrees to sell a 1994 Jeep Cherokee to Ms. Kossow. Vehicle described above will be fully paid off in one month of execution of this contract. Ms. Kossow agrees to pay Ben's Used Car Lot for the above vehicle the sum of $5,500. $5,000 is to be paid upon execution of this contract and the balance of $500.00 being paid within one month of the sale. $500.00 will be the remaining payment for the vehicle stated above. The buyer will drive off with the vehicle once these terms are agreed to by both parties. If client doesn't pay within the time period stated, then Ben's Used Car Lot has the right to repo the 1994 Jeep Cherokee at any time. Ben's Used Car Lot Seller Amber kossow Buyer 9/1/2021 9/1/2021