This Vehicle Sale Contract With Payments is designed for use in Indonesia when selling vehicles through installment payments rather than a single lump sum payment. It is particularly useful for both private and commercial vehicle sales where the buyer will pay the purchase price over time. The contract incorporates essential elements required under Indonesian law, including provisions from the Civil Code (KUHPerdata), Law No. 8 of 1999 on Consumer Protection, and financial services regulations. It includes comprehensive details about the vehicle, payment terms, ownership transfer procedures, and security interests. This document is commonly used by car dealerships, private sellers, and businesses engaging in vehicle sales, ensuring legal compliance while protecting the interests of both parties throughout the payment period.
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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: 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 and Payment Terms: Total purchase price, payment schedule, installment amounts, and payment methods
6. Delivery and Transfer of Ownership: Terms of vehicle delivery and process for transferring ownership documents
7. Warranties and Representations: Seller's warranties about vehicle condition and buyer's acknowledgments
8. Default and Remedies: Consequences of payment default and available legal remedies
9. Insurance Requirements: Mandatory insurance coverage during the payment period
10. Registration and Documentation: Requirements for vehicle registration and documentation transfer
11. Governing Law and Dispute Resolution: Application of Indonesian law and dispute resolution procedures
12. Signatures: Execution block for all parties
1. Trade-In Provisions: Include when there is a trade-in vehicle as part of the transaction
2. Co-signer Terms: Include when a co-signer or guarantor is involved in the payment obligations
3. Early Payment Terms: Include when allowing early payment options with specific conditions
4. Vehicle Maintenance Requirements: Include when specific maintenance conditions are required during the payment period
5. Export Restrictions: Include when the vehicle cannot be exported during the payment period
6. Security Interest: Include when additional security measures are required beyond standard fiduciary security
7. Third-Party Financing: Include when a financing company is involved in the transaction
1. Schedule A - Vehicle Specifications: Detailed technical specifications and features of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of payment dates, amounts, and payment methods
3. Schedule C - Vehicle Inspection Report: Pre-sale inspection report detailing vehicle condition
4. Schedule D - Required Documentation: List of all required documents for transfer of ownership
5. Appendix 1 - Vehicle Photos: Photographs documenting the vehicle's condition at time of sale
6. Appendix 2 - Maintenance History: Record of previous maintenance and repairs
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