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Contract For Vehicle Sale With Payments Template for Indonesia

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Key Requirements PROMPT example:

Contract For Vehicle Sale With Payments

"I need a Contract For Vehicle Sale With Payments for selling my 2022 Toyota Fortuner to an individual buyer in Jakarta, with a 30% down payment and 24 monthly installments starting March 2025, including provisions for early payment options and maintenance requirements."

Document background
The Contract For Vehicle Sale With Payments is essential for transactions where immediate full payment is not feasible or desired. This document is commonly used in Indonesia for both private and commercial vehicle sales, structured in compliance with Indonesian Civil Code (KUHPerdata) and relevant transportation and financial services regulations. It provides a legal framework for installment-based vehicle purchases, protecting both seller and buyer interests through detailed payment terms, ownership conditions, and security arrangements. The contract is particularly relevant in today's market where financing options are increasingly common in vehicle purchases. It includes comprehensive provisions for vehicle identification, payment schedules, ownership transfer procedures, maintenance requirements, and default remedies, all aligned with Indonesian legal requirements and market practices.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and identification numbers

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: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration details

5. Purchase Price: Total purchase price, payment structure, and installment details

6. Payment Terms: Schedule of payments, including down payment, installment amounts, due dates, and payment methods

7. Transfer of Ownership: Conditions and process for the transfer of vehicle ownership

8. Seller's Representations: Warranties about vehicle condition, ownership, and absence of encumbrances

9. Buyer's Obligations: Responsibilities regarding payments, insurance, maintenance, and usage restrictions

10. Default and Remedies: Consequences of payment default and available legal remedies

11. Insurance Requirements: Mandatory insurance coverage and responsibility for premiums

12. Governing Law: Specification of Indonesian law as governing law and jurisdiction

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Vehicle Maintenance: Specific maintenance requirements if the seller requires certain standards during the payment period

2. Early Payment Provisions: Terms for early payment of the total amount and any applicable discounts

3. Security Interest: Details of fiduciary security registration if required for the payment arrangement

4. Third-Party Guarantor: Include when a guarantor is involved in securing the payments

5. Usage Restrictions: Any specific restrictions on vehicle use during the payment period

6. Cross-Border Usage: Terms for using the vehicle outside Indonesia if permitted

7. Transfer of Rights: Conditions for transferring the contract to another party if allowed

8. Force Majeure: Provisions for unforeseen circumstances affecting payment ability

Suggested Schedules

1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle

2. Schedule B - Payment Schedule: Detailed breakdown of all payments, dates, and amounts

3. Schedule C - Vehicle Condition Report: Assessment of vehicle condition at time of sale

4. Schedule D - Required Insurance Coverage: Specific insurance requirements and minimum coverage

5. Appendix 1 - Vehicle Documentation: Copies of vehicle registration, tax receipts, and other relevant documents

6. Appendix 2 - Maintenance History: Record of vehicle's maintenance and service history

7. Appendix 3 - Payment Records: Template for recording payments made and balance remaining

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Automotive

Financial Services

Transportation

Fleet Management

Logistics

Car Dealership

Vehicle Leasing

Insurance

Legal Services

Asset Finance

Relevant Teams

Legal

Finance

Sales

Compliance

Risk Management

Operations

Credit Assessment

Documentation

Customer Service

Business Development

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Fleet Manager

Vehicle Finance Specialist

Credit Manager

Automotive Sales Executive

Contract Administrator

Risk Manager

Business Development Manager

Operations Manager

Documentation Specialist

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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