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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."
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
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
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
Vehicle
Purchase Price
Down Payment
Installment Payment
Payment Date
Default
Interest Rate
Late Payment Penalty
Vehicle Documents
STNK
BPKB
Fiduciary Security
Transfer Date
Effective Date
Force Majeure
Insurance Coverage
Maintenance Schedule
Outstanding Balance
Security Interest
Default Notice
Warranty Period
Registration Certificate
Delivery Date
Payment Schedule
Encumbrance
Material Adverse Change
Permitted Use
Term
Business Day
Guarantor
Insurance Provider
Notary
Governing Law
Jurisdiction
Definitions
Sale and Purchase
Vehicle Description
Price and Payment
Payment Schedule
Title Transfer
Delivery
Representations and Warranties
Insurance
Security Interest
Default and Remedies
Risk and Liability
Maintenance Obligations
Registration and Documentation
Force Majeure
Termination
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Costs and Expenses
Further Assurance
Compliance with Laws
Indemnification
Events of Default
Acceleration
Automotive
Financial Services
Transportation
Fleet Management
Logistics
Car Dealership
Vehicle Leasing
Insurance
Legal Services
Asset Finance
Legal
Finance
Sales
Compliance
Risk Management
Operations
Credit Assessment
Documentation
Customer Service
Business Development
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
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