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Car Sale Payment Agreement for Indonesia

Car Sale Payment Agreement Template for Indonesia

A legally binding agreement governed by Indonesian law that outlines the terms and conditions for the sale and payment of a vehicle between a seller and buyer. The document incorporates provisions compliant with Indonesian Civil Code (KUHPerdata) and relevant consumer protection laws, detailing the vehicle specifications, purchase price, payment schedule, ownership transfer process, and parties' obligations. It includes specific provisions for installment payments, vehicle maintenance requirements, and default remedies, all structured within the framework of Indonesian automotive transaction regulations and financial services authority guidelines.

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Car Sale Payment Agreement

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What is a Car Sale Payment Agreement?

The Car Sale Payment Agreement is a crucial document used in Indonesia when structuring vehicle sales transactions involving installment payments or specific payment arrangements. This agreement is designed to comply with Indonesian legal requirements, including the Civil Code (KUHPerdata), Consumer Protection Law, and Financial Services Authority regulations. It serves as a comprehensive contract that protects both seller and buyer interests by clearly documenting the vehicle details, payment terms, ownership transfer conditions, and respective obligations of all parties involved. The document is particularly important in both private and commercial vehicle sales where payment is not made in a single transaction, and it helps ensure legal compliance while providing clear remedies in case of payment defaults or disputes.

What sections should be included in a Car Sale Payment Agreement?

1. Parties: Identification of the seller and buyer with complete legal names and addresses

2. Background: Context of the sale transaction and general purpose of the agreement

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

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, and registration number

5. Purchase Price: Total purchase price and breakdown of costs including taxes and fees

6. Payment Terms: Payment schedule, installment amounts, and payment methods

7. Delivery and Transfer: Terms of vehicle delivery and transfer of ownership process

8. Seller's Representations: Warranties and representations about the vehicle's condition and ownership

9. Buyer's Obligations: Responsibilities of the buyer including payments, insurance, and maintenance

10. Default and Remedies: Consequences of payment default and available legal remedies

11. Governing Law: Specification of Indonesian law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements

What sections are optional to include in a Car Sale Payment Agreement?

1. Insurance Requirements: Used when specific insurance requirements need to be mandated during the payment period

2. Security Interest: Include when the seller maintains a security interest in the vehicle until full payment

3. Third-Party Financing: Required when a financial institution is involved in the payment arrangement

4. Trade-In Details: Include when there is a vehicle trade-in as part of the transaction

5. Early Payment Provisions: Terms for early payment or early termination of the payment plan

6. Vehicle Maintenance Requirements: Include when specific maintenance conditions need to be maintained during the payment period

7. Cross-Border Usage: Include when the vehicle may be used across provincial or international borders

What schedules should be included in a Car Sale Payment Agreement?

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

2. Schedule B - Payment Schedule: Detailed breakdown of payment dates, amounts, and methods

3. Schedule C - Vehicle Condition Report: Current condition assessment and any existing damage or issues

4. Schedule D - Required Documentation: List of all required ownership and registration documents

5. Appendix 1 - Vehicle Registration Documents: Copies of current registration and ownership documents

6. Appendix 2 - Vehicle Service History: Documentation of maintenance and service history

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions



































Clauses


























Relevant Industries

Automotive

Financial Services

Insurance

Legal Services

Retail

Transportation

Consumer Goods

Manufacturing

Relevant Teams

Legal

Finance

Sales

Compliance

Operations

Risk Management

Documentation

Customer Service

Business Development

Vehicle Administration

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Automotive Sales Representative

Credit Manager

Contract Administrator

Business Development Manager

Risk Manager

Documentation Specialist

Fleet 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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