Jakarta, huutoanland Indonesia
—
Buying and selling practices
vehicle
without complete documents, aka ‘stnk only or ‘orphaned’, is often found on social media.In this case, prospective buyers and sellers need to be careful because there are certain risks lurking.
Chairman of the Association of Indonesian Financing Companies (APPI) Suwandi Wiratno said that this phenomenon is not only risky for sellers and the general public, but also vehicle buyers who can get into legal problems.
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
He reminded that the STNK is not proof of ownership, but rather proof of registration with the police for the vehicle.For proof of ownership, users must have a Motor Vehicle Ownership Book (BPKB).
“Apart from that, buyers of STNK only vehicles are actually harming themselves because the goods are not fully entitled. The sellers often don’t understand the risks,” said Suwandi, reported by CNBC Indonesia, Thursday (18/12).
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
“If the vehicle violates the rules, the legal owner will still be subject to legal matters. The buyer cannot change ownership because from the start he only holds the STNK,” he said.
He said the biggest risk arises when the vehicle is forcibly withdrawn because it is still an object of financing.
He said that not a few buyers have just realized that the vehicle they bought is still in arrears.In that condition, the law does not protect buyers who do not check the legality of the vehicle first.
The threat for buyers of vehicles without legality is that they become intermediaries, namely Article 591 UU1/2023 with a maximum prison sentence of 4 years or a category V fine (up to IDR 500 million).
“If one day the vehicle is stopped on the road or towed by a debt collector because it still has credit status, the buyer could be charged as a criminal. Many people don’t realize that there are serious legal consequences from transactions like this,” said Suwandi.
Cases of bad credit rose
Suwandi continued that the phenomenon of buying and selling ‘stnk only’ vehicles could push the bad credit figures for multi-finance companies to soar.He said that many vehicles sold without BPKB had not yet paid off their installments.
“Yes, the customer didn’t pay (the installments). When he visited, the customer was gone. When asked, the customer said he didn’t have the car,” said Suwandi.
Bad car and motorbike loan installments can push up the non-performing financing (NPF) ratio in the multi-finance industry.If the NPF figure continues to increase, the company will tighten the selection of debtors according to their credit quality.
“If it ends up causing continuous losses, one day will the finance company stop financing people who want to apply for credit for motorbikes and cars? Maybe they will stop it, but they will be very selective,” he said.
If you look at data from the Financial Services Authority (OJK), bad loans for finance companies increase annually.This can be seen from the NPF Net as of November 2025 which was recorded at 0.83 percent, an increase from the same period last year of 0.77 percent.
Meanwhile, financing receivables as of November 2025 were recorded at IDR 506.3 trillion.The growth of financing receivables slowed, with an increase of 0.68 percent year on year (yoy).
(ryh/fea)
[Gambas:huutoanland Video]
Read More: Martina Ayu Perkasa in Triathlon, Wins 81st Gold in Indonesia
