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Verified Tsikot Member
- Join Date
- Nov 2011
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- 79
June 2nd, 2012 12:05 AM #1HOW to deal with Swap transaction. What are the documents needed and what are the things i should consider in swapping. I have my oto but it is not yet under my name the car is from my uncle and he got it through tie-ups. the car is still under the name of the 1st owner. I've bought the car from my tito but we did not make any documents like the deed of sale, etc. but he gave me the registration if the car. now i have spotted a nice ride and the owner of the other car agreed on swapping. What should i do?
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June 3rd, 2012 10:40 PM #2
Clear first the issue with your vehicle, once done your both of you can sign a deed of sale selling your cars with each other with the same price then have it notarized to be legit.
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Verified Tsikot Member
- Join Date
- Nov 2011
- Posts
- 79
June 4th, 2012 07:44 PM #3
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Tsikoteer
- Join Date
- Feb 2010
- Posts
- 336
June 4th, 2012 08:23 PM #4if the previous owner had no issue w/ your uncle then may i suggest to transfer first the ownership of the car to your name w/ the help of your uncle since he is the one known to the first owner...before proceeding on selling/swapping to other people in that way all the previous transactions were legally documented...HTH.
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