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Author Topic: LTO: change ownership procedure  (Read 127481 times)

Offline Kurips

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Re: LTO: change ownership procedure
« Reply #15 on: July 31, 2012, 08:03:12 PM »
Noticed that the original post is dated 2007. Are costs still comparable? Less than 2k pa rin total?

Offline Brent

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LTO: change ownership procedure
« Reply #16 on: July 31, 2012, 08:49:12 PM »
Might be a little bit more now.

Offline Kurips

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Re: LTO: change ownership procedure
« Reply #17 on: July 31, 2012, 10:39:29 PM »
Hi Brent. Thanks for the response. How much more though? There's someone offering to do it for me for 5,000. As buyer, I don't need to show up at all. Is that steep or just right?

Offline Brent

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LTO: change ownership procedure
« Reply #18 on: August 01, 2012, 08:51:11 AM »
Well sometimes having someone do it for is really good at least you don't need to skip work and won't be stressed out dealing with the 'very efficient' lto.

Leo C.

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Re: LTO: change ownership procedure
« Reply #19 on: August 03, 2012, 04:17:01 PM »
Hi Brent. Thanks for the response. How much more though? There's someone offering to do it for me for 5,000. As buyer, I don't need to show up at all. Is that steep or just right?

How much is your time (and effort) worth if you'll do it yourself?

Offline Pinoy Escape

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Re: LTO: change ownership procedure
« Reply #20 on: August 19, 2012, 01:15:01 PM »
Meron ba gumagawa nito for 3k? - Francis  :newbie:

Offline arayes

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Re: LTO: change ownership procedure
« Reply #21 on: September 17, 2012, 04:35:41 PM »
hi, im newbie here and my 1st post :)
although the post of @lmhp23 is a bit old already
but must say it helped me a lot in going thru the process
thank you boss!

may konting nabago and idagdag na din ako especially the prices
just wanted to share it to you

1. Step 1 and Step 2 are already combined and being done at Camp Karingal, QC
2. If current CR/OR is under a company name, you need to present Board Resolution or Secretary's Certificate, Deed of Sale (signatory to employee/seller) and valid ID nila pareho
3. TPL insurance P875
4. Processing fee 400 (+100 sa runner if you want to avoid the hassle of going to Landbank)
5. Photo op w/ you and a PNP officer infront of your car -kunwari he's reviewing your docs and you face him (same w/ emission testing)
6. You still have to come back after 3 working days for the releasing of the certificates. But in my case, i claimed it on the same day. Of course, may katumbas na lagay hehe
7. At LTO, they still required me to open the hood for stencil/etching works of both chassis and engine numbers
8. Change of Ownership processing fee is still 380

Hope this helps.
Thanks again!

Offline Paul

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Re: LTO: change ownership procedure
« Reply #22 on: September 17, 2012, 05:59:15 PM »
thanks! much appreciated!

Offline dennison

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Re: LTO: change ownership procedure
« Reply #23 on: December 04, 2012, 10:49:44 PM »
Sir question lang po ano po bang purpose ng change ownership? Why would you change ownership of a vehicle that you bought?
« Last Edit: December 05, 2012, 05:56:35 PM by Dj »

Offline Dj

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Re: LTO: change ownership procedure
« Reply #24 on: December 05, 2012, 05:56:44 PM »
Quote
Sir question lang po ano po bang purpose ng change ownership? Why would you change ownership of a vehicle that you bought?
para maging sayo ang kotse sa mata ng batas :thumbsup:
The only place where success comes before work is in a dictionary.  :evil5:

Offline jewelz

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Re: LTO: change ownership procedure
« Reply #25 on: March 06, 2013, 09:57:17 AM »
Pag Open Deed of Sale, need po ba mag-change ownership pa?
How do I make sure that the Open Deed of Sale is enough as proof that I am the owner?

Kung saan po ba ang original na naka-register ang kotse, dun na po forever, taon-taon i-resgister?

Offline Brent

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Re: LTO: change ownership procedure
« Reply #26 on: March 06, 2013, 10:26:26 AM »
An Open Deed of Sale technically does not make you the owner. You need to have your name put on the vendee so you can transfer the registration to your name.

You can also have the registration transferred to an LTO office near you.

Offline Yuri

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Re: LTO: change ownership procedure
« Reply #27 on: March 06, 2013, 01:40:52 PM »
Transferring it under your name will be beneficial to your end. The LTO registration is the title giving you rights over the said property, you can have it mortgage and/or sold.

In case of trouble with the law of the previous owner, it also serve as your safeguard.

Offline Hero33

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Re: LTO: change ownership procedure
« Reply #28 on: April 14, 2013, 02:22:17 AM »


Hmm.

To be technical about it, its the deed of sale that gives you right to the property. The LTO registration is your proof of title.

Also, small trivia, but the law says that in case of accident, the person whose name is registered as owner of the car will be liable as a general rule.

Thank goodness the process was shortened. Ang hirap talaga ng bureaucracy and paperwork.

Offline printers

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Re: LTO: change ownership procedure
« Reply #29 on: June 30, 2013, 01:55:47 AM »
ako po my tanung newbie dn kase ako,

pwde ba ung pagtransfer ng ownership sa magasawa, ayaw na kase ng erpat ko na nakapangalan saknya ung sasakyan eh, gs2 nya sa ermat ko na, pero hindi naman sila divorce ayaw lang ng liablity, thanks :D,

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