For example, MVP will make your monthly auto loan payments, up to the agreement maximum, should payment protection be needed. A confusing and convoluted document that outlines the selling price, fees, taxes, your trade in, and more.Watch this before you finance your next car (former dealer explains how to read a purchase contract) Car dealership changed my loan three times and has consistently increased the rate and monthly payments. By signing this contract, I choose to purchase the motor vehicle on credit according to the terms of this contract. The charts below have options for length of contract and monthly payments based on the amount financed. We've put together this guide to simplify car purchase agreements and help you stay protected when purchasing vehicles or selling them. Answer and Explanation: 1.