delayed transfer of ownership

[okey]

we are planning to buy a used vehicle.. but the seller(some government employee) said the transfer of ownership needs to be delayed because there is something about laws here in the philippines which prohibits immediate transfer.

is it okay to deal with this type of arrangement? what or why does it need to be delayed? what should I be cautious about?

I hope someone could help me about this inquiry. God Bless all.

[shadow]

WALK AWAY!!! There is no such law


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[aki0125]

Yep, there is no such law exist. Neither carnap vehicle yan or the vehicle us bound to be reposes by the lending bank

[dct]

baka may problema sa papers yan. cancel mo na, baka ikaw pa sumalo nung problema

[CoDer]

we are planning to buy a used vehicle.. but the seller(some government employee) said the transfer of ownership needs to be delayed because there is something about laws here in the philippines which prohibits immediate transfer.

is it okay to deal with this type of arrangement? what or why does it need to be delayed? what should I be cautious about?

I hope someone could help me about this inquiry. God Bless all.

Tell the seller he's an idiot.

The longest I get to have the unit transferred to my name was two weeks, and that's because of the moron newbies from TMG. We end up going to crime lab just to convince them, ayun pinagalitan ng mga taga crime lab yung mga bagito ng TMG.

Hanap ka na lang ng ibang unit.

[weisshorn]

Get out of the deal. Sure something fishy behind this.

[SiRbossR]

You're being fooled!

[lukscudkil]

may naecounter na ako ganyan before but the scenario is the car that i was trying to buy was a company car that was awarded to their employees via bidding. may clause sa sec cert na hindi pwede ibenta ng nanalo na employee yun car for a year but its a CLAUSE not a LAW

[lukscudkil]

but if you dont know the seller personally. try to look for something else

[ans_lim168]

You can save yourself a lot of worries and troubles if you just look for another unit.

[111prez]

baka mura masyado yung kotse kaya tempting bilhin kahit na may konting sabit/delay

:naughty2:

[okey]

Yes its very tempting..the seller is a consul by the way.. Maybe its a mandate for them, not to sell acquired cars for certain period? Or a clause as lukscudkil have said? Anyone knows a consul and could back up, regarding selling cars??

Have looked at the papers and everything.. Just the transfer of ownership needs to be after 6 months to a year. Would you still suggest otherwise?

Was thinking of making an open contract for my/our protection also, would it suffice legally??
Thanks for your warm replies.

[dr. d]

a consul! the price and condition of the car must be very tempting! after all, the embassy is practically getting rid of it! and it probably will save more money if it sells it here at any price compared to shipping it back to the home country.. and it will not allow the discarded car to occupy parking space in its grounds.. you might be talking about this embassy car that was purchased locally without having to pay certain taxes, or the car was imported tax-free. what that means is, a buyer without this tax-free privilege might end up having to pay these taxes when he buys the "tax-free" vehicle.
and this "waiting period" is certainly not philippine law. mebbe it's his bosses' (the foreigner's) law. or mebbe it's the time needed by your "seller" to transfer the car's ownership to him..
one thing i learned.. never buy cars from the government.. any government! too many potential problems..
maybe you should just sit this out. who knows, your patience might be rewarded by an even better buy in the near future..

[okey]

yes he's a consul, to be more specific the item is of current model which was purchased last year with an odo of 25k. and selling price is only 60% of the current price offered here, with the transmission manual, commercial ones are only automatic.

discussed it with my dad, and he said that, the reason for the delayed transfer of ownership is that, consuls have this certain type of car plan, which entitles them to be issued new cars every 2 to 3 years. After each cycle, that is when they can sell the car,

mebbe it's the time needed by your "seller" to transfer the car's ownership to him..

, this makes it right, or it's when they can sell the car, but the sale is not from a government perse but from the consul directly.

I know i have been persistent, with the replies I have written, I hope you guys have not given up yet. I just want to have a peace of mind regarding this purchase, or turn this down all together.

[dr. d]

in that case, i advise you find out if you will have to pay any other taxes if you do decide to buy the car. the consul is covered by tax-free privileges, i believe..

[okey]

hopefully none, as it would make it a bad buy by the end. Well, i can't ask the consul directly that is why i was consulting this forum.
I wish someone can but in about this also.


thank you again for your inputs dr.d.

[yapoy86]

kung yung vehicle is acquired from another country.. the consul can import these vehicles tax free... but i think, these vehicles is exclusive for their use only.. they are not allowed to sell the vehicle.. if they will sell, they will need to pay the taxes