registry of deeds for car ownership transfer

[wulf]

hi peeps, pa consult lang. around 5mos back i had this guy process my car registration (some of you might be familiar w/ him as he offers lto processing on other boards). ok naman. then my brother's car plate got stolen.it took some time to process but he was able to do it too. so now since i was busy i had him process my other car's transfer of ownership (to my name).after 3-4mos and 7k later, he says it is now ready. only he's charging me an extra 1500 coz he had to register it daw sa registry of deeds. i've done transfer ownership for a car of mine 3yrs ago and never encountered this so i just want to verify if this is a new rule or just a bunch of crap to get more money out of me? thanks guys

[puroy]

si raffy london ba yan?

[RafRaf]

Is it under a loan? Sa loan, the chattel mortgage is registered sa register of deeds. Ganun yung sa amin.

[guido]

up ko lang.
san ba office ng registry of deeds? para dun sa chattel mortgage

[fireblade]

up ko lang.
san ba office ng registry of deeds? para dun sa chattel mortgage

Depends on where it was registered by the financing firm.

[1D4LV]

if its on loan, yes. you have to have it registered at the registry of deeds first.

tapos, babalik sa LTO yan, iissuehan ng bagong CR na may encumbered to.
pag natapos yung loan, iissuehan ka ulit ng bank ng quit claim, tapos, papa transfer mo ulit sa name mo, using the standard procedures the change of ownership sa LTO. may bayad ulit yun.

[guido]

salamat sa mga replies
yung seller meron ng cancellation of chattel mortgage. fully paid na nila?
di pa lang napa bago yung cr. so kami (buyer) na lang mag asikaso. tama ba.
tawagan ko na lang yung finance co. kung saan registry of deeds

another question lang. meron na silang tmg clearance, puede na gamitin yun within one week di ba? nakalagay lang dun for "record check". kailangan pa ba ng bagong tmg clearance para sa transfer of ownership?

[jjmd3_787]

How about CHANGE OF OWNERSHIP: from father to son? What are the requirements and procedure?

[marito]

Hi, I've been reading this forum and I learned so much.

I would like to seek you help. My husband and I is planning to buy 2005 Toyota Innova sa kumpare namin. First time namin. We are going to pay the car 340 thou and continue to pay its remaining balance sa bank for 14 months.

Pano kaya ang process nun? Sa Saturday na dadalhin yun car para makita namin. Para may overview na ako sa possible situation.

Deed of Sale din ba ang gagawin? Or Transfer of car loan or Need to negotiate sa bank?

Thank you very much.

[1D4LV]

Hi, I've been reading this forum and I learned so much.

I would like to seek you help. My husband and I is planning to buy 2005 Toyota Innova sa kumpare namin. First time namin. We are going to pay the car 340 thou and continue to pay its remaining balance sa bank for 14 months.

Pano kaya ang process nun? Sa Saturday na dadalhin yun car para makita namin. Para may overview na ako sa possible situation.

Deed of Sale din ba ang gagawin? Or Transfer of car loan or Need to negotiate sa bank?

Thank you very much.

definitely, you and the seller would need to coordinate with the bank on this. for transfer of lease/mortgage. its outside of the change of ownership process with LTO and TMG.

[rushmore]

hi peeps, pa consult lang. around 5mos back i had this guy process my car registration (some of you might be familiar w/ him as he offers lto processing on other boards). ok naman. then my brother's car plate got stolen.it took some time to process but he was able to do it too. so now since i was busy i had him process my other car's transfer of ownership (to my name).after 3-4mos and 7k later, he says it is now ready. only he's charging me an extra 1500 coz he had to register it daw sa registry of deeds. i've done transfer ownership for a car of mine 3yrs ago and never encountered this so i just want to verify if this is a new rule or just a bunch of crap to get more money out of me? thanks guys

Bakit parang masyado matagal naman yata processing time?

[miya]

matagal talaga processing sa pilipinas. We just bought car'91 model for 97k toyota corolla gl last july2011 and used it at aug2011 by that time we just knew all the deffevtive of the car that it is not worth of 97k. We ask some car dealer/trade in in Las Pinas and they said that if theye were the one who would buy it is just 50k only and that time were shocked because of the price. We bought the second hand car by 2nd owner at san nicholas bacoor cavite name Jhun his house is right beside the tinkerbell store along the road selling car maybe his job. We register the car at imus LTO at the "NENG INSURANCE" with the cp # of 09397936959. The car registration cost to her at P4,776.00 for 1 day. The car transfer of ownership to her cost of P7,560.00. She fisrt said that it would take 1 week to transfer the car ownership but the time we paid she said that we can get the papers on the other day (2-3days). But until now 1 week ago nothing change. Heres the breakdown of the payment:
P4,660 - car change of ownership
P2,500 - change of color (because the color "SHE" said is not indicated)
P400 - "SHE" said notary fee and PNP cleaance fee.

IS that is true? OR a big lie?

Thank you.

[jjmd3_787]

I think this is a big lie! Masyadong mahal naman ang sinisingil nila sa inyo.The best thing to do is go directly to the LTO. Avoid using fixers or "middle man". You'll be surprised how much money you can save.

[dr. d]

I think this is a big lie! Masyadong mahal naman ang sinisingil nila sa inyo.The best thing to do is go directly to the LTO. Avoid using fixers or "middle man". You'll be surprised how much money you can save.

wow! almost three years between query and response...

[Walter]

^^^ What is your purpose? You're better off with Special Power of Attorney.

[jjmd3_787]

Change of of ownership via inheritance from my father to me sir.

[dr. d]

Change of of ownership via inheritance from my father to me sir.

just execute the usual deed of sale, sir. it's much simpler.
inheritance matters take a lot more paperwork and BIR and patience and expense and etc... if you ask me, only real estate and big business is worth all that trouble..

but if your father has already passed on and the car is still in his name, i suggest you just use the car until it's so dilapidated, all it will be good for by then, is spare parts..
ang hirap mag benta nang ligal, kapag patay na ang may-ari na pipirma..

[jjmd3_787]

just execute the usual deed of sale, sir. it's much simpler.
inheritance matters take a lot more paperwork and BIR and patience and expense and etc...

That makes a lot of sense. Thank you dr. D

[Jbordallo]

just execute the usual deed of sale, sir. it's much simpler.
inheritance matters take a lot more paperwork and BIR and patience and expense and etc... if you ask me, only real estate and big business is worth all that trouble..

but if your father has already passed on and the car is still in his name, i suggest you just use the car until it's so dilapidated, all it will be good for by then, is spare parts..
ang hirap mag benta nang ligal, kapag patay na ang may-ari na pipirma..

May tanong lang ako tinatanggap ba ng lto ang xerox copy ng receipt ng register of deeds kapag magpapatransfer ng name kasi yung bibilin king car photocopy lang daw ng receipt ng register of deed ang hawak nya

[Jbordallo]

just execute the usual deed of sale, sir. it's much simpler.
inheritance matters take a lot more paperwork and BIR and patience and expense and etc... if you ask me, only real estate and big business is worth all that trouble..

but if your father has already passed on and the car is still in his name, i suggest you just use the car until it's so dilapidated, all it will be good for by then, is spare parts..
ang hirap mag benta nang ligal, kapag patay na ang may-ari na pipirma..

May tanong lang ako tinatanggap ba ng lto ang xerox copy ng receipt ng register of deeds kapag magpapatransfer ng name kasi yung bibilin king car photocopy lang daw ng receipt ng register of deed ang hawak nya