I'm about to buy a 1987 Mercedes Benz 260SE with plate number ending in number 421.

Question ko lang is how much magiging registration fee ko since it was last registered back in January 2, 2013 pa.

I know that there will be a penalty, but I don't understand ano meaning ng 50% lang ng MVUC?

Do I have to pay the yearly registration SINCE 2014 until 2017?