Auto Sale Contract With Payments Template for Indonesia

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Key Requirements PROMPT example:

Auto Sale Contract With Payments

"I need an Auto Sale Contract With Payments for a fleet of three delivery trucks being sold to a logistics company in Jakarta, with monthly installments over 24 months starting March 2025, including specific maintenance requirements and early payment options."

Document background
The Auto Sale Contract With Payments is a crucial document used in Indonesia for vehicle purchase transactions where the buyer pays for the vehicle in installments rather than a single lump sum. This agreement is designed to comply with Indonesian legal requirements, including the Civil Code (KUHPerdata), Consumer Protection Law, and Financial Services Authority (OJK) regulations. It is commonly used by automotive dealers, private sellers, and financing companies to document vehicle sales with payment plans. The contract includes essential details about the vehicle, payment terms, ownership transfer conditions, and parties' obligations. It protects both seller and buyer interests by clearly defining payment schedules, default consequences, and vehicle usage restrictions during the payment period. This document is particularly important in the Indonesian market where vehicle purchases through installment payments are common practice.
Suggested Sections

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

2. Background: Context of the sale, including brief description of the transaction and parties' intentions

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

4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN, registration number, and current mileage

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, installment amounts, payment schedule, and payment methods

6. Transfer of Title: Terms and conditions for the transfer of vehicle ownership, including timing and documentation requirements

7. Seller's Representations and Warranties: Seller's guarantees regarding vehicle condition, ownership, and absence of encumbrances

8. Buyer's Obligations: Buyer's responsibilities including payments, insurance, maintenance, and usage restrictions during payment period

9. Default and Remedies: Consequences of payment default and other breaches, including repossession rights

10. Insurance Requirements: Mandatory insurance coverage requirements during the payment period

11. Governing Law and Dispute Resolution: Applicable law and methods for resolving disputes

12. Signatures: Execution blocks for all parties and witnesses

Optional Sections

1. Trade-In Details: Used when there is a vehicle trade-in as part of the purchase arrangement

2. Co-signer Agreement: Required when there is a co-signer guaranteeing the payments

3. Early Payment Provisions: Terms for early payment or full settlement of the remaining balance

4. Export Restrictions: Included when there are restrictions on exporting the vehicle during the payment period

5. Maintenance Requirements: Specific maintenance requirements if the seller requires servicing at authorized centers

6. Assignment Rights: Terms allowing the seller to assign payment rights to a financing company

7. Vehicle Modification Restrictions: Included when modifications to the vehicle are restricted during the payment period

Suggested Schedules

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

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

3. Schedule C - Vehicle Inspection Report: Pre-sale inspection report detailing vehicle condition

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

5. Appendix 1 - Required Documents: List of documents required for vehicle transfer and registration

6. Appendix 2 - Vehicle Service History: Documentation of vehicle's maintenance and repair history

7. Appendix 3 - Warranty Terms: Details of any applicable warranties or guarantees

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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

Retail

Insurance

Transportation

Consumer Goods

Manufacturing

Relevant Teams

Sales

Legal

Finance

Compliance

Operations

Risk Management

Documentation

Customer Service

Business Development

Credit Analysis

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Automotive Sales Representative

Credit Analyst

Compliance Officer

Contract Administrator

Business Development Manager

Risk Manager

Documentation Specialist

Vehicle Finance Specialist

Customer Service Manager

Operations Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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