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The Loan Vehicle Sale Agreement is a specialized contract used in Indonesia when a vehicle purchase is financed through a loan arrangement. This document is essential for transactions where the vehicle's purchase price is partially or fully financed, combining elements of both a sale agreement and a loan agreement. It must comply with Indonesian legal requirements, including the Civil Code (KUH Perdata), Law No. 22 of 2009 on Traffic and Road Transportation, and OJK regulations governing financial services. The agreement is particularly important for automotive dealers, financing companies, and private buyers, as it secures the interests of all parties by clearly defining payment terms, ownership transfer conditions, and security arrangements. It includes detailed vehicle specifications, financing terms, insurance requirements, and enforcement provisions, making it a comprehensive document for secured vehicle transactions in Indonesia.

1. Parties: Identification of the Seller, Buyer/Borrower, and Lender (if different from Seller)

2. Background: Context of the transaction, including the intention to sell and purchase the vehicle with loan financing

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core terms of the vehicle sale including price, payment terms, and delivery arrangements

5. Loan Terms: Details of the loan including principal amount, interest rate, repayment schedule, and payment methods

6. Vehicle Details and Condition: Comprehensive description of the vehicle including registration details, specifications, and condition

7. Security Arrangements: Terms regarding vehicle ownership documents and security interests until full payment

8. Representations and Warranties: Statements and guarantees from both parties regarding the vehicle and their capacity to enter the agreement

9. Default and Enforcement: Consequences of payment default and enforcement rights

10. Insurance Requirements: Mandatory insurance coverage requirements for the vehicle

11. Transfer of Risk and Title: Terms governing when risk and legal title pass to the buyer

12. General Provisions: Standard contractual terms including notices, amendments, governing law, and dispute resolution