The Car Buying Contract serves as a legally binding agreement for vehicle transactions in Indonesia, essential for both private and commercial sales. This document is designed to comply with Indonesian legal requirements, including the Civil Code, Consumer Protection Law, and specific automotive regulations. It should be used whenever a vehicle is being purchased or sold, whether through a dealership, private sale, or commercial transaction. The contract includes crucial details such as vehicle specifications, ownership history, payment terms, warranties, and transfer procedures. It also addresses regulatory compliance requirements specific to Indonesia, including registration transfer processes and tax obligations. The document can be customized for various scenarios, including new vehicle purchases, used car sales, dealer transactions, and private party sales, while maintaining its core legal integrity and protective measures for all parties involved.
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1. Parties: Identification of the seller and buyer with complete legal names, addresses, and identification numbers
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it
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 number
5. Purchase Price: The agreed purchase price and payment terms, including deposit requirements and final payment details
6. Transfer of Ownership: Terms and process for transferring vehicle ownership, including registration transfer requirements
7. Seller's Representations and Warranties: Seller's guarantees regarding vehicle condition, ownership, and absence of encumbrances
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Completion of Sale: Process and requirements for completing the sale, including document handover
10. Risk and Insurance: Transfer of risk and insurance responsibilities
11. Governing Law: Confirmation that Indonesian law governs the agreement
12. Dispute Resolution: Process for resolving any disputes related to the sale
13. Signatures: Execution blocks for both parties and witnesses
1. Financing Terms: Include when the purchase involves bank financing or installment payments
2. Condition Precedents: Include when there are specific conditions that must be met before completion
3. Vehicle Maintenance History: Include for used vehicles with significant service history
4. Trade-in Terms: Include when the buyer is trading in another vehicle as part of the purchase
5. Dealer Warranty: Include for new vehicles or when dealer is providing additional warranty
6. After-sales Service: Include when the deal includes specific after-sales service agreements
7. Insurance Arrangements: Include when the seller is assisting with insurance procurement
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Condition Report: Detailed assessment of the vehicle's current condition with photographs
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms if involving installments
4. Schedule 4 - Required Documents: List of all documents required for transfer of ownership
5. Appendix A - Vehicle Registration Documents: Copies of current vehicle registration documents
6. Appendix B - Service History: Records of vehicle maintenance and service history
7. Appendix C - Insurance Documents: Details of existing insurance and transfer requirements
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