The Car Sale Contract With Payments is essential for any vehicle sale transaction in Indonesia where the full purchase price is not paid immediately. This document is commonly used by dealerships, private sellers, and companies engaging in vehicle sales with installment payments. It ensures compliance with Indonesian legal requirements, including the Civil Code, Consumer Protection Law, and vehicle registration regulations. The contract provides comprehensive coverage of payment terms, ownership rights, warranties, and security interests, protecting both buyer and seller throughout the payment period. It's particularly important given Indonesia's growing automotive market and the increasing prevalence of vehicle financing arrangements. The document includes all necessary provisions for legal enforcement under Indonesian jurisdiction and can be customized for various types of vehicles and payment structures.
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1. Parties: Identification of the Seller and Buyer with complete legal names and addresses
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, chassis number, engine number, and registration details
5. Purchase Price and Payment Terms: Total purchase price, payment schedule, installment amounts, and payment methods
6. Transfer of Ownership: Conditions and process for the transfer of vehicle ownership
7. Seller's Representations and Warranties: Seller's guarantees regarding vehicle condition, ownership, and legal status
8. Buyer's Obligations: Buyer's responsibilities including payments, insurance, and maintenance during payment period
9. Vehicle Handover: Process and conditions for physical transfer of the vehicle
10. Default and Remedies: Consequences of payment default and available legal remedies
11. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Detailed insurance obligations - include when vehicle is financed or when required by local regulations
2. Maintenance Requirements: Specific maintenance obligations during payment period - include for luxury vehicles or when payments extend over long periods
3. Security Interest: Fiduciary security arrangements - include when required by financing terms
4. Third-Party Financing: Terms related to external financing - include when a bank or finance company is involved
5. Trade-In Provisions: Terms regarding trade-in vehicle - include when part of transaction involves a trade-in
6. Joint Ownership: Special provisions for joint buyers - include when vehicle is purchased by multiple parties
1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of payment dates and amounts
3. Schedule C - Vehicle Inspection Report: Pre-sale inspection report detailing vehicle condition
4. Schedule D - Handover Checklist: List of items to be provided upon vehicle handover
5. Appendix 1 - Vehicle Documentation: Copies of vehicle registration, tax receipts, and other relevant documents
6. Appendix 2 - Insurance Certificate: Copy of insurance policy or certificate when applicable
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