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The Car Finance Contract serves as the primary legal instrument for vehicle financing transactions in Indonesia, regulated under the supervision of the Financial Services Authority (OJK). This document is essential when a customer requires financing to purchase a vehicle, whether for personal or commercial use. It incorporates mandatory provisions required by Indonesian financial services regulations, including those specified in OJK Regulation No. 35/POJK.05/2018 and the Fiduciary Security Law. The contract covers crucial aspects such as financing terms, security arrangements, insurance requirements, and customer obligations, while ensuring compliance with consumer protection laws and banking regulations. It's designed to protect both the finance provider's security interest and the customer's rights under Indonesian law.

1. Parties: Identification of the finance company and the customer/borrower

2. Background: Context of the agreement and brief description of the financing arrangement

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

4. Vehicle Details: Specific description of the vehicle being financed including make, model, year, VIN, and registration details

5. Financial Terms: Details of the financing including principal amount, interest rate, term, and payment schedule

6. Payment Obligations: Customer's obligations regarding payments, including method, timing, and late payment consequences

7. Security Interest: Fiduciary security details and ownership rights until full payment

8. Insurance Requirements: Mandatory insurance coverage and requirements

9. Vehicle Usage and Maintenance: Customer obligations regarding vehicle care and permitted use

10. Default and Remedies: Events of default and finance company's rights and remedies

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

12. Governing Law and Dispute Resolution: Application of Indonesian law and dispute resolution mechanisms