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Sale Deed For Vehicle for Indonesia

Sale Deed For Vehicle Template for Indonesia

A legally binding document used in Indonesia for transferring ownership of a vehicle from seller to buyer, complying with Indonesian civil law and transportation regulations. The deed documents the complete details of the vehicle, parties involved, sale price, and terms of transfer, while meeting local administrative requirements for vehicle registration transfer. It serves as official evidence of the transaction and facilitates the process of updating vehicle ownership records with relevant Indonesian authorities.

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What is a Sale Deed For Vehicle?

The Sale Deed For Vehicle is a crucial document in Indonesian vehicle transactions, required for both private and commercial vehicle transfers. It serves as the primary legal instrument for documenting the transfer of vehicle ownership and is essential for subsequent registration changes with Indonesian transportation authorities. The deed must comply with the Indonesian Civil Code and Law No. 22 of 2009 on Traffic and Road Transportation, ensuring all necessary vehicle and party details are properly documented. This document is used when transferring ownership of any motor vehicle, from motorcycles to commercial vehicles, and must include specific details required by Indonesian law for vehicle registration transfer.

What sections should be included in a Sale Deed For Vehicle?

1. Parties: Full legal names, identification details (KTP numbers), and addresses of both seller and buyer

2. Background: Brief context of the sale transaction and confirmation of seller's ownership rights

3. Definitions: Key terms used in the deed including 'Vehicle', 'Purchase Price', 'Transfer Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, license plate, and BPKB number

5. Sale and Purchase Terms: Statement of sale, purchase price, payment terms, and confirmation of ownership transfer

6. Seller's Representations: Declarations regarding vehicle ownership, absence of liens, vehicle condition, and legal authority to sell

7. Transfer of Ownership: Process and timing of ownership transfer, including registration transfer requirements

8. Delivery Terms: Details of vehicle handover including timing, location, and condition verification process

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

10. Execution: Signature blocks for parties and witnesses as required under Indonesian law

What sections are optional to include in a Sale Deed For Vehicle?

1. Condition Report: Detailed description of vehicle condition, recommended when selling used vehicles

2. Payment Schedule: Include when payment is to be made in installments rather than as a single payment

3. Warranty Terms: Any warranties or guarantees provided by the seller, typically for newer vehicles or dealer sales

4. Insurance Transfer: Terms regarding transfer of existing insurance policy, if applicable

5. Third Party Authorization: Required when any party is acting through a power of attorney

6. Tax Obligations: Detailed breakdown of tax responsibilities when transaction involves significant tax implications

What schedules should be included in a Sale Deed For Vehicle?

1. Vehicle Registration Documents: Copies of STNK (vehicle registration certificate) and BPKB (vehicle ownership book)

2. Vehicle Inspection Report: Technical inspection report detailing vehicle condition and any existing damage

3. Payment Receipt: Official receipt confirming payment transaction

4. Previous Service History: Record of vehicle maintenance and service history

5. Vehicle Photos: Dated photographs of vehicle showing condition at time of sale

6. Identification Documents: Copies of KTP (National ID) of both parties and any relevant business registration documents

Authors

Alex Denne

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

Jurisdiction

Indonesia

Publisher

Genie AI

Document Type

Deed of Sale

Cost

Free to use

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