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A Car Finance Agreement is essential when providing financing for vehicle purchases in Indonesia. It establishes the legal framework for the financing arrangement, ensuring compliance with Indonesian banking regulations, consumer protection laws, and OJK requirements. The document is used when a customer requires financing to purchase a vehicle and the finance company agrees to provide such financing secured against the vehicle. It contains crucial information about the finance terms, payment schedule, security arrangements under Indonesian Fiduciary Security Law, insurance requirements, and the parties' rights and obligations. The agreement must comply with strict regulatory requirements, including mandatory disclosures, fair treatment principles, and consumer protection measures as prescribed by Indonesian financial services regulations.

1. Parties: Identifies and provides full details of the finance company (creditor) and the customer (debtor)

2. Background: Sets out the context of the agreement - customer wishes to purchase the vehicle and finance company agrees to provide financing

3. Definitions: Defines key terms used throughout the agreement including Vehicle, Finance Amount, Interest Rate, etc.

4. Finance Terms: Details of the finance amount, interest rate, term, and total amount payable

5. Payment Terms: Specifies payment schedule, installment amounts, payment methods, and due dates

6. Vehicle Details and Ownership: Details of the vehicle being financed and ownership arrangements during the finance period

7. Security Interest: Establishes the finance company's security interest in the vehicle and fiduciary arrangements

8. Insurance Requirements: Mandatory insurance requirements and arrangements

9. Customer Obligations: Customer's responsibilities regarding vehicle maintenance, use, and compliance with laws

10. Representations and Warranties: Standard representations and warranties from both parties

11. Events of Default: Defines what constitutes default and consequences

12. Enforcement Rights: Finance company's rights and remedies in case of default

13. Termination: Conditions and process for early termination or completion of the agreement

14. Governing Law: Specifies Indonesian law as governing law and jurisdiction