Vehicle Ownership Transfer

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Vehicle Ownership Transfer


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Old 3rd September 2015, 01:04 PM
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Default Vehicle Ownership Transfer

I am looking for advise on the documentation and procedure required for the transfer of ownership of a second hand car to the about to be new owner , me.

I have the following noted but would appreciate confirmation :

Original Certificate of Vehicle
Original Receipt of Registration.
Deed of Sale - sales agreement - is this required to be notarised and if so who normally covers this cost ?
Copy of buyers and sellers ID - is this to be signed three times and or are three copies required ?
Receipt from the seller to the buyer for monies paid.

I assume one goes to LTO to have the vehicle checked for its legal and roadworthy status and from there to the lawyer to have a Deed of Sale notarised and lastly back to LTO to have the vehicle registered to the new owner.

Is there more ?

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Old 4th September 2015, 11:43 AM
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I would run the plate (by text message to LTO) and make sure that there is no LTO apprehension or alarms on the vehicle. Is there a chance that it is smuggled? I only ask because almost all "big bikes", muscle cars, hot rods, ect, are. The sales agreement, copies of ID, ect are to prove that you bought it but I dont know if you need them at LTO or not as I always have my brother in law do non appearance rego's for me. After that you will need original O.R. and definitely original C.R. ( basically the title in P.I.)
It helps quite a bit if the plate is from the LTO where you live. Dilliman if living in the Manila area, Olongapo if in Subic, ect... That keeps H.P.G. at bay. Someone here probably has a better answer than me but I hope that helps a little. Cheers.

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Old 4th September 2015, 11:07 PM
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Sold our car yesterday. The buyer is a friend. She did not even test drive. She came to our house with her sister, the "deed" which we filled up and the person who notarized the deed. We paid 1500 pesos. The sister and notarizer then took off to transfer title, insurance, etc. I don't know what else is involved. The buyer and I went to the bank - she withdrew pesos, I bought dollars.

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Old 5th September 2015, 01:29 AM
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This probably one area I'd have a family friend (authorized fixer), ask at the LTO counter who can help you and then have them handle the transactions if we go in as expats in some area's it's gonna be a long and stressful day or many days.

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Old 7th September 2015, 01:30 AM
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Quote:
Originally Posted by pijoe View Post
I would run the plate (by text message to LTO) and make sure that there is no LTO apprehension or alarms on the vehicle. Is there a chance that it is smuggled? I only ask because almost all "big bikes", muscle cars, hot rods, ect, are. The sales agreement, copies of ID, ect are to prove that you bought it but I dont know if you need them at LTO or not as I always have my brother in law do non appearance rego's for me. After that you will need original O.R. and definitely original C.R. ( basically the title in P.I.)
It helps quite a bit if the plate is from the LTO where you live. Dilliman if living in the Manila area, Olongapo if in Subic, ect... That keeps H.P.G. at bay. Someone here probably has a better answer than me but I hope that helps a little. Cheers.
Thank for the heads up pijoe - ran the number by LTO this morning - the reply was " No record found . P2.50/text.x01 - interestingly and coincidentally I was at the owners yard last week and there were , amongst many other vehicles , two status marque brand new top of the range high power bikes !
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Old 7th September 2015, 07:44 AM
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Quote:
Originally Posted by Macgoo View Post
Thank for the heads up pijoe - ran the number by LTO this morning - the reply was " No record found . P2.50/text.x01 - interestingly and coincidentally I was at the owners yard last week and there were , amongst many other vehicles , two status marque brand new top of the range high power bikes !
You may have an issue as it should have come back with Plate # ,Model, Year, Color, Registered last Month, day year, Has no LTO Apprehension Has no LTO Alarm. Is it possible that the vehicle is not currently registered?

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Old 7th September 2015, 08:13 AM
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I think it's time to run away, and I would be very suspicious of any offer from the current owner to fix it for you.
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Old 7th September 2015, 08:25 AM
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Quote:
Originally Posted by Gary D View Post
I think it's time to run away, and I would be very suspicious of any offer from the current owner to fix it for you.
Agreed. I bought a vehicle last year, but I bought from a Dealer and they handled all the details to ensure it went through. They have to do right or they won't stay in business. Too many shysters and schemes for me to deal with an individual.

Fred

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Old 7th September 2015, 08:37 AM
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[QUOTE=fmartin_gila;8148090]Agreed. I bought a vehicle last year, but I bought from a Dealer and they handled all the details to ensure it went through. They have to do right or they won't stay in business. Too many shysters and schemes for me to deal with an individual.

Fred[/QUOTE

I made a guy fork over $10,000 dollars to fix a deal that got queered. It can be done, but not pretty...

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Old 7th September 2015, 10:08 AM
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As the buyer, you would also need a PNP Highway Police Group clearance. So if I were you go to your nearest PNP-HPG headquarters and verify that the unit is cleared.

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