Procedure of Change of Ownership

[1D4LV]

Mga bossing ask lang po ng friend ko,mya nabili kase syang 2nd hand car 2 yrs ago,since then hindi pa nya na-transfer sa name nya,bale po 4th owner na sya,may multa po ba yon pag pina-transfer na nya under his name?

afaik, walang multa. i have known owners of second hand cars who did not have their ownerships placed under their name dahil umiiwas dun sa chattel mortgage fees na iniimplement nung dating company ko.

[1D4LV]

hello guys as i read this thread mukhang ibat-iba ang mga pagpoprocess nyo, sana someone could give me the best advice...
here's my situation:
i'm planning to buy a car which is in cavite but im from batangas. kaso yung car hindi nakapangalan sa kanya doon pa sa previous owner may open deed of sale siya.
the cars ending plate is 1 he has already renewed its registration recently but still under the name of the previous owner.
paano yun? pwde ko na lang ba isabay ang transfer of ownership sa next registration next year? pwde na ba yun na proof na hindi carnap siya kasi he was able to renew its registration already? or should i still go to the tmg/lto to verify? pwde na ba ang dala ay or/cr lang hindi na ang car? or pwde ba siya ang magsign sa deed of sale tapos gawa kami ng bago na DOS na sa katunayan ay sa kanya ko binili? hindi kaya magkaproblema yun if dalwa dala ko DOS sa next registration? sori for much questions but i really dont know whats the best thing to do..thanks

this normally happends (the open deed of sale stuff). my opinion is even though he has registered his car, its not a concrete proof that you are buying a safe car. it can still be a hot car. you should verify first with the TMG to see if the car that you are planning to buy is not a hot car.

yung transfer of ownership, as i've previously mentioned is not required with the registration process. but for your convenience, you may do so both.

pwede yung i-sign mo is yung open deed of sale, but i would recommend that you should also sign something with the second owner as a proof that you have bought the vehicle from him.

hindi magkakaproblema yun in terms of change of ownership dahil ang hihingiin ng LTO is the deed of sale (which is the open one), between the original owner and you. kailangan mo lang nung second deed of sale between the second owner and you for your protection.

[step22]

pwde bang magpaverify sa tmg na hindi dala yung car?
ano kailangan at magkano magagastos?

[1D4LV]

pwde bang magpaverify sa tmg na hindi dala yung car?
ano kailangan at magkano magagastos?

hindi. afaik, iiistencil nila yung engine and chassis # mo. sila gagwa nun dun.
kailangan mo dalhin yung orig or/cr mo + deed of sale.
magkano? ang alam ko, hindi lalampas ng 500 pesos. pero hindi mo sa kanila babayaran yun. sa landbank branch, tapos ipapakita mo sa kanila yung deposit slip na validated ng teller bago nila umpisahan yung process.

[step22]

i mean before i will buy the car. how will i know if its a hot car or not?

[laklak]

is the getting of the tmg clearance optional or is it a requirement of lto for them to process the change of ownership? Kilala naman kasi namin yung nagbenta nung kotse kaya alam namin na hindi hot car.

[1D4LV]

i mean before i will buy the car. how will i know if its a hot car or not?

talk with the seller to go with you to get a TMG clearance. tutal naman gagawin mo rin naman yan after you get the car eh.

just tell him that you just want to be sure. i am sure he will understand.

[1D4LV]

is the getting of the tmg clearance optional or is it a requirement of lto for them to process the change of ownership? Kilala naman kasi namin yung nagbenta nung kotse kaya alam namin na hindi hot car.

LTO will ask for a TMG clearance, so even though you are sure that its not a hot car, you still have to get that document/clearance.

[step22]

thanks for your info...

[xox]

if you plan to transfer ownership and register at the same time, would you need to pay the amount stated in the new OR plus the amount in the new CR? coz that way, the transfer costs almost as much as 1 year registration