Saturday, October 4, 2008

Buying a Used Car

I recently received an email from someone who was planning to buy
a "used" / "2nd hand" vehicle. He wanted to know how he could initially
check that the unit he was buying was "clean". Here is one way to
immediately check the LTO status of the used car -

Text this :*LTO space VEHICLE space XXX000* *
e.g., LTO VEHICLE XKY263*
XXX000 stands for your vehicle's PLATE NUMBER
SEND to 2600* and wait for Auto generated reply then save to
your phone.

BUYING A USED CAR THROUGH FINANCING

Used vehicles up to 5 years old can still be purchased through bank
financing. Some banks will finance the used unit at 70% of the
appraisal value, others will shoulder 50% of the appraisal value.

The amount to be finance will depend on the vehicle model, make,

year and condition. Make sure that you are approvable for a auto
loan. Seek the advice of a reliable automotive sales agent or auto
loan officer for an auto loan approval.

Here are the steps to do after having chosen the used vehicle to buy.
1) Advise the present car owner that you would like to purchase the
unit through bank financing.
2) Inspect the vehicle you intend to buy. Ask the present owner about
the maintenance history of the unit.
3) Check the LTO OR and CR (Certificate of Registration). You can
initially use the "Cellphone Text Check method" stated above.
4) Negotiate the purchase price of the unit. Then deposit a "earnest cash"
of P5,000 with the owner
5) Bring the unit to the bank for appraisal. Submit your auto loan
requirements and fill up a auto loan application
If your income is derived through employment, you will need to submit
the following -
a) Certificate of Employment with compensation and/or latest ITR

If your income is derived from business -
a) Business Registration (DTI)
b) Latest ITR with a audited financial statement
c) If needed, a copy of your bank statements or passbook

6) Once your auto loan is approved. The bank will release a
Bank Guarantee of Payment to the present owner.

The Bank Guarantee of Payment will state that the following
documents need to be submitted
(at this stage
you can now pay your share of the purchase price to
the owner to secure the vehicle's ownership)

a) Original Notarized Deed of Sale between you and the car owner

b) Stencils of the vehicle Engine and Chassis
c) Original LTO OR and CR under the name of the new owner
d) 1 yr Comprehensive Insurance of the vehicle that states that
the vehicle is mortgaged to the concerned bank (the buyer / borrower
pays for the insurance premium)
e) payment of Chattel Mortgage Fee (the buyer / borrower pays for this)

As soon as the present car owner submits the above documents, the full

amount financed will be released through a Manager's Check
payable to him.

Here are the steps for the Transfer of vehicle ownership

1) Bring the vehicle to Camp Karingal for Macro Etching and secure a
PNP Clearance
2) Bring the following documents to the original LTO Agency that
registered the Vehicle
a) PNP clearance,
b) stencils of the vehicle Engine and Chassis numbers,
c) Original Notarized Deed of Sale

Upon submission of the above documents, the LTO Agency will release
a new LTO OR and CR under the name of the new owner.

Buying a Used Car? Visit the following sites to search for one -

AUTO SEARCH PHILIPPINES - Free Ads for Used Vehicles


182 comments:

JNolan said...

Hi! If I want to buy a third-hand car from a friend, is it okay if I won't have to go through Camp Caringal and have the car ownership transferred? Would a notarized deed of sale be enough to say legally that the car is mine now? Thanks very much for taking the time to answer my question. -Jonathan

Miriam Barredo said...

Hi JNolan, itbwould be to your best interest to bring the unit to Camp Karingal for macro-etching and clearance. This will ascertain that your unit is not stolen. Yes, the notarized deed of sale with a copy of the valid ID of the owner is your proof of ownership. But, you mentioned that your friend is the 3rd owner already. Is the vehicle's LTO CR in his name? If, not, then he has to give you the copy of his notarized Deed of Sale with that owner's valid ID, too. If the 2nd owner did not transfer his name to the LTO CR yet. Then being the 4th buyer, you should have in your possession 3 Notarized Deed of Sale , 1 for each previous sale and a copy of each previous owner's IDs. Otherwise, an open Deed of Sale signed by the original owner is best. But do you understand now, why you should take time to have the LTO CR transferred to your name? Para claro that you are the present owner of the unit.

sherr25 said...

Hello. Tnx for your post. Its very helpful. I have a question. ,,,I will buy a secondhand car from a private person.. Should i bring the car to Camp Karingal first before paying the said amount? Thank you soooo mmuucchh!!

Miriam Barredo said...

Hi Sherr25, as the buyer it is your choice. This article shows you what are the needed documents for the transfer of the vehicle LTO CR to you and things to do to ensure that you buy a "clean" car.

sherr25 said...

Thanks for the reply Miss Miriam! Leaving the secondhand car that i will buy from a private seller to Camp karingal before paying the amount, is it possible to do that coz as i read here thats the only way to know that the car is not stolen. sorry for so much question,, Ive been searching so much on internet about buying a second hand car but it doesnt says so much about the papers and secure buying. Thanks for your post where i get more infos!

Miriam Barredo said...

Yes, Sherr25 that is the secure way of buying a secondhand car from a private car owner. Best Regards. I am glad to be of some help to you.

Miriam Barredo said...

By the way, the car need not be left at the camp. The unit can be brought in the morning to have it macro-etched at Camp Karingal. The clearance can be ready in the afternoon. As the buyer, you can oblige the seller to give you the clearance.

sherr25 said...

Thank u so much!Now i have idea how it should be done!Yes i will obligue the seller for the clearance since its needed for transferring of name at LTO..and the transeferring of name to new owner only take a day at the LTO or? Thanks! i read on the net also that it takes 3days for macro-etching but it sounds even better that it only takes a day!
Cheers Miriam!
Regards from Morgan of Sweden!

Anonymous said...

Your post is very helpful. Ive been searching infos like this,and your like an angel i found..
By the way, Im currently on the process of purchasing a less than a year,second hand vehicle and still waiting for the result of the vehicle check processed by the bank(BDO). My loan was already approved, however up until now, since October 22, when I paid the bank for the vehicle history, the result is still pending. Almost everyday Ive been calling BDO for this because the owner, who is leaving for Germany soon, is frequently demanding for advance payment. Ive already given the owner the sum of P22,000,though I fully understand her actions since the car was already in my possession since the time I have applied for my loan(October 17,2012),yet this cause me so much stress and pain in my wallet. :)

My question is this, Is it normal to wait the result of the vehicle history for almost 1 month now? If so, what checking or process that the Lto/BDO is conducting to have this agony of waiting.
The insurance was already xpired though I was able to negotiate with the bank to have it ensured. They were able to ensured it thru prudential without any paymets, Is this possible? I have called the prudential and was able to confirmed it, and was advised that the policy will be delivered to my address under buyers name. Do you happen to know the cath of this action? This is too good to be true to me,since i didnt shell out a single peso for the insurance. Im worried it has hidden charges or what (hope not).

I wanted to find someone from the LTO so I can asked what took them so long to release the result. Im very frustrated here, and Yes your definitely right, It will kill my patience. Thank you for your time. God Bless You. Karen

Miriam Barredo said...

Hellp, Karen. By waiting for the vehicle history, do you mean the unit's LTO OR CR has already been transferred to your name? That it already has a PNP clearance? Do you remember the LTO personnel who released the new LTO OR CR? Maybe, you could give the name of the LTO personnel you approached and who released your new LTO OR CR to BDO para ma-speed up yun Vehicle History process ng bank. Please take into consideration na Marami din non-working holidays between Oct 22 and now.

Miriam Barredo said...

Hello Karen, since you are the new owner of the car, the comprehensive insurance policy must be under your name. Since your unit is mortgaged to Banco De Oro, it must state the mortgagee clause and that the unit is mortgaged to Banco De Oro. There should be 2 copies - one for you and one for the bank. Me kopya na rin ba yun BDO of the new comprehensive insurance policy?

Karen said...

Hello, I just got back from out of town conference. I thank you very much for your response. To answer your question..

No, the OR/CR is not yet transferred to my name, it is still under the owners name. What i meant was, the insurance was under the owners name (my bad, i type the wrong word). Until now the vehicle history result is still on processed. I actually asked my SA of BDO, If they can disclose the LTO personnel who is in charge of this process,however He declined to provide any info. As usual he advised me to wait. Am I going thru a normal process of waiting? Do you happen to have the same scenario of my case?

It is indicated in the insurance ( I already received them) that the car is mortgaged with BDO, the amount of the vehicle actually corresponds to the appraised value of the vehicle fom the bank. I assumed the bank already got a copy kasi it is stipulated in the insurance "owners copy". I have talked to the SA of my comprehensive insurance (w/ AOG) and I inquired them about the payment. She told me I can still pay it until January 2013. Do you think im on the right track here???

Honestly kasi Im thinking baka matagal na narelease ung result at nka hold lang kay BDO,for the reason I dnt know(baka Bank business or what). Marami pumapasok sa isip ko,maybe because Im just new to this whole thing. Im very glad and thankful for your time answering my previous post. Hope to hear from you soon.. God bless you always in all your endeavor.

Miriam Barredo said...

Hi Karen, are you the buyer? Or the seller? Because if the bank is already at the Car History stage, it should mean that as the buyer, your auto loan has been approved. The car you are buying has been inspected and appraised. Your car has already been macro-etched and issued a PNP clearance. BDO has issued a Bank Guarantee to the seller. You have already paid the seller your downpayment. The LTO OR CR has been transferred to your name. You have submitted the new. LTO OR CR to the bank for car history. As the buyer, the comprehensive insurance must be in your name. The car's stencil of engine and chassis and the Notarized Deed of Sale must be submitted too. Are you talking directly to BDO? Or through a freelance agent?

Karen said...

Yes Miriam I am the buyer, I have been talking directly to the bank.. The bank never issued the payment to the owner because they are still waiting for the vehicle history result, as per last conversation with the bank,just few days ago, everything are ready na daw since my loan was already approved(before the vehicle history,i already have it checked by the bank and appraised it at the same time)ang hinihintay nlang ay ang result nung vehicle history para mabayaran na c owner.during the vehicle history kasama na ba nun ang macro-etched?nakapagbigay na ako ng advance payment sa owner..technically kulang nlang ako ng 7k sa kanya para macomplete na. I have asked a bank guarantee letter from the bank,hindi daw cla pwedi mag issue nun kasi they need to wait pa raw the result of the vehicle history.

Miriam Barredo said...

Hello Karen, I am sorry to hear that you have been waiting so long for the car history. In my own experience, the car history of the 2nd hand vehicle I purchased through financing with Union Bank of the Philippines took only 7 working days. This was after submitting the LTO OR CR already under my name, stencils of unit, comprehensive insurance policy under my name, PNP clearance, Notarized Deed of Sale and payment of Chattel. The seller was able to get his check payment from Union Bank of the Phils. afterwards.

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selling used car said...

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Anonymous said...

i found this blog very informative and useful to readers like me who wish to buy a second hand car. Thank you Mam for taking time writting this. more power po!

Anonymous said...

Hi Miriam, first of all is that I would like to thank you for this blog. It is very informative indeed and helpful. I wonder why aren't there many blogs out there similar to this. It seems that buying used cars are being discouraged by banks. I plan to buy a used car. The bank approved of our loan and is on the stage of "processing" the car history. The bank gave us the requirements to complete the loan but they advised us to hold unto our horses until we get a positive result from the car history. It's been a more than a week already and we haven't heard from the bank yet. By chance you would know what are the things that the bank do to perform a car history? Because we paid around 8000. Another question I have is on the matching of the actual engine number of the car to that of what is indicated in the OR/CR. later on I noticed that there is a slight difference between what was on the car engine and on the OR/CR.slight because it could have been a typo error like a digit on the engine number was written as number 1 instead of letter I on the OR/CR. Do you think this is something to be worried about? Many thanks

Miriam Barredo said...

Hi Anonymous, Have you checked it with the stencil of the car engine? Where you able to get a PNP clearance already [macro-etching]? If there is a discrepancy,that error needs to be corrected.

Anonymous said...

Hi,i would like to thank for this blog. I've been searching about buying 2nd hand car.First time ko lang po and i realy have no idea about buying cars or about cars. My husband and i decided to buy with cash money on hand. Ask ko lang po what are we going to need or requirements to buy? From province we have to travel to manila. Thank you po.God Bless!

Dante Espanto said...

hi mam miriam...thank you for your post i love reading those questions and answer portion...ako rin po ay isang baguhan na gustong bumili ng second hand cars, ang tanong ko po ay masmaigi po ba kung cash na lang ang gagawin sa bayaran?anu po ang mga dapat kong gawin...maraming salamat po sa oras ninyo...godbless po

Dante Espanto said...

Hi mam miriam salamat po at nagkakaroon ako ng idea sa mga post mo at mga kasagutan sa mga tanong nila...ako po ay baguhan di at gustong bumili ng second hand cars, at balak ko ay cash ang bayaran. dahil dito anu po ang maipapayo nyo para maging safe ang mga ganitong transaksyon...maraming salamat po

Miriam Barredo said...

Hello Mr. Espanto,
Good day! If you follow the requirements here, you will be able to buy safely even if through cash purchase.
1) PNP Clearance - macro etching
2) LTO Checking via text
[initial checking]
3) Make sure that the original LTO Certificate of Registration [CR] is not encumbered. If they have the Cancellation of Chattel Mortgage issued by the Register of Deeds in their area of residence, Pag-usapan na lang ninyo who will pay for the LTO transfer. Pwede kasi isabay na yun transfer of ownership - submit ninyo yun Cancellation fo Chattel, Deed of Sale ninyo [notarized], IDs ninyo, original LTO CR dyan sa LTO Agency kung san originally registered yun sasakyan.
Note: Iba ang Release of Chattel Mortgage and Cancellation of Chattel Mortgage. Yun Release of Chattel Mortgage is given by the financing bank. Dadalhin pa ito sa Register of Deeds para makakuha ng Cancellation of Chattel Mortgage.

Miriam Barredo said...

For those who want to buy a brand new auto vehicle, please visit my website at http://www.auto-searchphilippines.com/
It has a complete list of updated vehicle prices, brochures, pictures of vehicles here in the Philippines. Each brand is handled by a reliable authorized brand sales executive. Our group of sales executives/marketing professionals can assist you in your auto vehicle purchase.

Serge said...

To avoid buying a lemon car from any used car lot that you visit, be sure to always check what's under the hood rather than just relying on what the car dealer mentions to you.

Anonymous said...

Good day Miss Miriam. First of all I would like to thank you for answering all the questions with clarity. You've been a big help especially for us who know little about purchasing new/used vehicles. As for my question, I am buying a used car from a private seller. He got the car from his previous company (He resigned already. But the OR/CR is still under the company's name. And he said that it will be less hassle if i just wait this coming June for the renewal of the vehicle and transfer it to my name at the same time. He said the vehicle is already fully paid from the company but he just havnt transferred it yet to his name. The bank already approved me and they already appraised the car. He also said he will transfer the deed of sale to my name. The owner seems trustworthy. Any advice on this? Thanks so much in advance and God bless you always.

marifije said...

Hi Ms Miriam Barredo, many thanks to you for this blogsite; you provide relevant and comprehensive advices to questions of mostly first-timers such as myself. it took me awhile to be able to find your website and i'm so blessed to have found it !!

i am selling my used car (i'm the second owner and is under my name) and would wish to know what to advice the potential buyer/s regarding what other fees (if any) they may have to bear on top of the selling price. i came across a car dealer website stating these qualifications: "The prices listed on the Website often exclude sales tax, finance charges, title, license, regulatory, dealer documentary, emission testing and compliance fees..."

would you be able to elaborate on each item on the above list? e.g. how much sales tax? how many percent? what are finance charges for? for the title, i remember when i was buying my used vehicle 3 years ago, the dealer adviced that the buyer normally deals with the process of transfering the title, i had to fork out a few extra thousand bucks for them to take care of it. would you know how much is the cost now? what fees are included and time frame involved in this process? "license, regulatory, dealer documentary, emission testing and compliance fees" what are these for and how much do they cost?

i hope you can enlighten and educate me on the above. i just want to make sure i am able to inform my buyers with correct information and not short-change them.

thank you and hope to hear from you soonest ...

Miriam Barredo said...

Here is the link to the LTO FAQs page for Motor Vehicle Registration
http://www.lto.gov.ph/index.php/faqs/motor-vehicle-registration

Miriam Barredo said...

Motor Vehicle Related Transactions and fees at LTO - http://www.lto.gov.ph/index.php/services/mv-registration/104-new-initial-or-1st-time-registered-in-the-philippines

Miriam Barredo said...

PNP Services including Macro-Etching - http://pnp.gov.ph/portal/citizens%20charter/CLG%20Services.pdf

Geary Heath said...

Thank you for your post Mam. It is hard to trust anyone this days specially purchasing pre owned autos. Godbless and may your blog help more people.

used land rover Yorkshire said...

There are so many things before and after buy a used car. But am glad I think I found a good used car dealers and they did everything. Am just enjoying my car from that day. But thanks for this post for everyone.

Gauche said...

Hello Ms. miriam,I am an OFW and I want to buy a 2nd hand car, and we are trying to search thru Internet only.. Is it safe to buy from ayos.ph or we need to let somebody go to automall in pasay? Is it better to buy on cash or thru bank, I want an SUV preferably Honda CRV but I dnt know if its ok because it's not diesel.. Pls help..
Che

Aj Rosalita said...

Hello Ms. Miriam! Delighted to know this guidelines. My question is if i want to purchase a car that is beyond 5 years already like a honda civic 2002 model and get it financed thru a lending company. Does the guidelines still apply? Many thanks.

Miriam Barredo said...

Hello AJ Rosalita, Good daaaaay! Yes these guidelines apply to both cash and financing transactions. Best regards,

Miriam Barredo said...

Hi Gauche, when in doubt about buying a Used Car, why not try buying a brand new vehicle instead? There are a lot of financing promos nowadays for brand new vehicles. Visit my webpages at http://www.auto-searchphilippines.com best regards,

Unknown said...

hello,,i am buying a second hand used car,the owner is died and the children are selling it to me..i am in doubt because they said i will still put their father's name as the vendor..can you please give me an advice on how to do the deed of absolute sale?

Miriam Barredo said...

The children of the deceased father/ owner must submit their father's Death Certificate to the LTO Agency.
Registration of MVs Acquired through Extra-Judicial Settlement of Estate of Deceased Person
Requirements
Original copy of the CR and the latest OR of payment of MVUC and other fees
Deed of Extra-Judicial Settlement of Estate in case the Deceased is survived by two (2) or more heirs or Affidavit of Sole Adjudication if the deceased is survived by only one (1) heir
Proof of publication of the Deed in any newspaper of general circulation three (3) times for three (3) consecutive weeks
Death Certificate, Marriage Contract and or Birth Certificate as the case maybe
PNP-TMG MV Clearance Certificate
Confirmation of CR/OR when the registering district office is different from the district office that issued the CR/OR
Duly accomplished and approved Motor Vehicle Inspection Report (MVIR)
Appropriate Insurance Certificate of Cover
Certificate of Emission Compliance (CEC)
Taxpayer’s Identification Number (TIN)
Procedure
1. Proceed to the transaction counters and submit all the required documents to the Evaluator for evaluation and computation of fees.
2. Actual inspection of motor vehicles with duly accomplished MVIR.
3. Proceed to the Cashier when your name is called for the necessary fees and obtain an Official Receipt (OR).
4. Proceed to the Releasing Counter when your name is called to obtain the Certificate of Registration (CR), plates, stickers, and other requested documents.

Wheel Balancers said...

After selecting the car, a routine check of its papers is essential. Registration details, its previous owners, insurance papers and available of warranty period should be crosschecked. Then the buying process can be initiated.

zhimielyz said...

Hello po, Ms. miriam.. I'm planning to buy a second hand car.. I saw in the website and I know the location of the owner,and he said the C.R. is a photocopy only,but the O.R. is original, its ok to buy it, eventhough the C.R. is a photocopy? and he is not the first owner of the car. thank you and more power :)

joy said...

hi! i just want to ask if i buy a new car thru bank financing, what are the requirements? and how much is the downpayment and monthly amortization. thanks

Miriam Barredo said...

Hi Zhimielyz, the car owner must give you the Original LTO CR of the unit. Otherwise, if I were you, I will not buy the car. You will not be able to transfer the ownership of the car to your name without the clean original LTO CR.

Miriam Barredo said...

Hello Joy, you can read my Online Auto Loan Guide at http://www.auto-searchphilippines.com/AutoLoanGuide.html As for the computation of the downpayment and monthly amortizations, you'd need to tell me what brand/model you are interested in buying. You can choose from an array of brand new vehicles at http://www.auto-searchphilippines.com . Click on the vehicle brand to be directed to the brand's latest price list. After you have chosen one or two cars, you can contact me or my colleagues for vehicle purchase assistance and computations. Best regards

Larry said...

Maam Miriam,

Question I bought a repossess car from a bank for financings. I paid the mortgage, the car was registered in Lapu lapu city and I live in cavite do you have any idea how much will I spend on transfer of ownership and the insurance that they require... Thanks

Anonymous said...

Hi Ms. Miriam, this blog is so much helpful and many thanks for it. I'm Mike and here's my story. I bought a 2nd hand car from a car dealer in manila. It was June 24th when I checked the car and was decided to buy it, so the next day i paid the downpayment tapos they told me na pwede ko na rin iuwi ung car on that same day. For your info, i bought it thru BDO financing and the car dealer is the one who is doing all the transaction/documentation with the bank. I was quite surprised na day after ko maiuwi ung car e approved na agad ung auto loan ko (as per the agent in the car dealer) knowing that it would need to be brought to Camp Karingal to do macro and etc. before a loan can be approved, tama po ba? My question is - does it mean that since approved na ung loan ko, the OR/CR ba has already changed under my name na or the previous owner pa rin? Is it secured na ba with the bank just to make sure my car is technically mine na? Thanks!

James said...

Nice post with great details. I like the way of your guideline. Thanks for sharing.

mheg said...

Hi Miriam. I am a first timer buying a second hand car from a friend. actually I think I am the third owner I am reading the cases you've been assisting in this forum but I think non of them is similar to my case. The OR and CR is still with the first owner however the second owner (the one whom I am going to buy)reassured me that next month the owner will come but I haven't talk to that first owner. It's really giving me a hard time because I am working overseas. Is it possible for me to check to the bank whether or not that car is still under mortgage? I know this is a very risky situation. Thank you.

V said...

Hi Ms. Miriam. My concern would need a photo of documents, that's why I added you as a friend in Facebook. Hope you could check my message there. I would appreciate it if you do. Thanks in advance. All the best!

Anonymous said...

Hi Ms Miriam, I bought a brand new car under bank financing 3 yrs ago, now im done with my payment. How do I transfer the name of the owner (BPI) to my name, then how do I transfer it to my Sister who I want to give my car? What are the requirements.
Thanks N
Norman

adson stone said...

Nice I also share with you something hope this helpful for you my friends The best way of making sure that you are not overpaying for the car is to use automotive websites like KBB.com (Kelley Blue Book) to get a good idea of what it’s currently worth. Finding out the true value of the car can also act as a basis for further negotiation, especially if you are leveraging problems with the car or flaws to the vehicle as a means for additional discounts from the original price. Check it out thanks.
used cars in Gold Coastbest

Anonymous said...

Process applies to motorcycle too?

Miriam Barredo said...

Hello Mheg, Here are the customer service hotlines of some of our major banks -
RCBC Savings Bank - Tel #s 555-8772 / 555-8770 / 687-5430 loc 4620
Banco De Oro - Tel #s 688-1288 / 68801468 ask to be connected to SFU
[Service Fulfillment Unit]
BPI Family - Hotline - Tel # 89-100 - follow voice prompt for options
PSBank - Hotline - Tel # 845-8888
Union Bank - Hotline - Tel # 84-186 or 841-8600
Hope this info will help you verification

Miriam Barredo said...

Hello Anonymous,
If you bought your brand new car through bank financing (BPI / BPI FB) the LTO CR is already under your name. You must go through the steps I wrote in my other blog - http://mirpam1.blogspot.com/2008/10/steps-to-do-after-full-payment-of-auto.html

Afterwards, once you have the Cancellation of Chattel Mortgage issued by the a register of deeds in your residence area, PNP clearance, Deed of Sale to your sister, Original LTO CR released to you by BPI - punta ka sa LTO AGENCY where your unit was ORIGINALLY (FIRST) Registered. Dyan mo pa transfer yun ownership of the car to your sister. They will issue a new LTO CR under your sister's name na.

Miriam Barredo said...

By the way, pa stencil mo YUN ENGINE AND CHASSIS ng car mo sa LTO din

Anonymous said...

hello ms mirriam, i want to buy 2nd hand car sa private seller.2nd owner na sya,nabili nya ang car this year lng,hindi pa nya na transfer sa name nya..may orig cr and or naman..may deed of sale. sa tingin nyo okay lang bilhin ko yun o hanap nalang ako nang iba?..salamat sa sagot..

bebang said...

Hello Ms Miriam

Ask ko lang po kung okay bumili ng car na nka insured pa sa owner? Natalo po kc sya sa casino so un po pinambayad nya...with PNP clearance nmn na po sya na okay un nga lang di ko pa malilipat sa name ko since si owner ang nagbabayad pa sa bank. Ok lang po ba un? Hindi po ba ako hahabulin ng bank pag di sya naka bayad??? Thanks po and more power

waren said...

good day, i hope u could help me regarding this matter. i would like to buy a car from my auntie which is brand new and absolutely not stolen. is the deed of sale enough and legally already. specially when there is check point by the authority? thanks god bless!

right211 said...

Thanks for sharing such an useful information about used car guide and its reviews. Before buying or selling a used car, people must evaluate the used car and fix the market Price Of Old Car according to the market value, car conditions and performance. Price Of Old Car

Anonymous said...

Hi Ms Miriam. I recently sold my car to a car dealer as part of a trade in transaction prior to buying a new car. the OR is in my name and a deed of sale was executed between myself and the car dealer. knowing that he will sell it further to a new buyer, how do i ensure that i will not be liable for any damages to any stranger for thd car i already sold, but as per LTO records, is still registered in my name?

Anonymous said...

hi ms mirriam i am buying a new car and i just want to ask if how to would i know if the car im buying is under mortgage or under encumbrance? i hope you could help me,,, please and thankyou

Albert George said...

Great tips allmof them are very nice thanks for sharing and keeping us updated of them.

Ann Burkett said...

Thanks for sharing this post. This can be really helpful especially to those who are have their first car.

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used cars for sale

Mark Jester Almenario said...

Hi ms. Mirriam. Im in the process of buying a 2nd hand car from a private seller thru bank financing (BDO). Car loan already approved po and yung car appraised. Humingi lang sila ulit ng bagong at recent na copy nung ibang reqts. My usapan na rin kami ng owner, as also advised by the bank na sa seller ko na ibigay yung down payment. My question po is, at what point/stage po ng process is it appropriate for me to ask/demand na maturn-over na skin yung kotse?

Christopher Bautista said...

Hi Maam Thanks for your article. I'm looking into selling my car which I received from my previous employer as a perk. I received a deed of sale from the secretary of the corporation attesting the car is sold to me for 1 peso. My question is I havent had the car transferred to my name, would I still be able to sell my car or should I first transfer it to my name. Since I need to leave to work abroad in a few weeks i would really want to save as much time as I can. If I can go ahead with the sale without transferring it first to my name. I hope you can guide . Many thanks

Miriam Barredo said...

@Christopher Bautista You can sell your car without transferring it to your name as long as your buyer is agreeable to such arrangement. However, you would be considerate if you leave your buyer all the necessary papers he/she needs to transfer the ownership of the car to them. Like, the deed of sale of the company to you, your 2 valid gov’t issued IDs with your specimen signature on the paper, original LTO CR and the latest LTO OR. If the car was previously mortgaged, then the Release of Chattel Mortgage from the bank. Best regards,

Restituto said...

Hi, How old must you be to be able to register the car under your name here in our country?

Cheers.

Miriam Barredo said...

@Restituto - at age of majority which is 21 years old

Miriam Barredo said...

@Mark Jester Almenario Hello Mark, you can request for full payment of the car when the bank issues the Bank Guarantee Letter.
Best regards

Mayeeta said...

Good day, Ms. Miriam. I am going to view a car from a personal seller. We both agreed that if I liked the unit, I can deposit a certain amount to reserve it since my funds will only be completed by January. Can you please advice what types of papers I should prepare as to protect both our interests? Thank you very much.

Anonymous said...

hi po maam im planning to buy a car i just red your blog and i have a question is it ok po ba na iba yung mag dala ng car sa kampkaringal for example my friend instead of me? pwede kaya yun?? thanks po

Jim Irish said...

Hi Miriam,
It is very easy to get fool with a used car, but these tips are very helpfull to those who wants to buy a used cars. vehicle history and auto-accident history is also very important.
Thanks for this informative post.

Roy said...

Hi Ms.Mirian, your post is very helpful and I am hoping you could help me further with the following inquiries:

- How do I make sure the CR is Orig and Clean?
- I was told that an Orig CR is like money which when ran through a UV light, it should show an LTO logo or something close to it. Does this apply to all printed CR like those printed on 2006 or older?
- I was told an Orig CR should have the CR number printed in neon orange/yellowish color. Does this apply to all printed CR like those printed on 2006 or older?

Hoping you could help me on this.

Godbless!

Agent Orence said...

Good day! I just wanted to ask if its possible to register and transfer ownership in Pangasinan even if the first registration was held in other place/location?

Anonymous said...

Hi Ms. Miriam.

Good day. I'm planning to buy a second hand car and i would like to seek your advice regarding the following:
1. The car owenr had migrated to Singapore and she had given a special power of attorney to her sisteer to signed on the deed of sale. I would like to know if what will be the implications on processing my application to HPG/LTO for transfer of ownership?
2. What are the other requirements and the things i need to check and request from the seller with special power of attorney?

Appreicate your advice and kind assistance.


Sincerely,

RJ

Anonymous said...

Hi!

I'd like to ask kung paano kung transfer yung ownership ng vehicle, let's say I own the company but I bought a vehicle under my name and I want to transfer it under my company name? Paano po ang pwede gawin dun? Thank you! -Tony

hard2handle said...

Hi, Ms. Miriam!

I will be the seller in this case.
1. Who usually shoulders the costs in transferring the ownership of the unit?
2. Is there like a Capital Gains Tax for this kind of transaction?

Thank you po.

Anonymous said...

Hi Ms. Miriam,

Do you know how long does it usually take to transact with registry of deeds? pinapa transfer kasi nang tito ko yung sasakyan na nabili namin sakin pero 2 weeks na wala pa rin balita from the registry of deeds regarding dun sa transfer.

Mag eend na rin po yung rehistro nang sasakyan this month at hindi pa naipapa rehistro dahil wala pa yung transfer nang rehistro sa pangalang ko. Hingi po sana ako nang payo sa inyo kung ano mas magandang gawin sa ganitong sitwasyon.

Salamat po!
-Miro

CHERRY ROXAS said...

Hi, I just bought a second hand car and its not yet transferred in my name. The registration would be until April 2014...I just wanna ask if upon renewal of the registration and upon showing the Orig. OR/CR and the deed of sale, will it be automatically be transferred in my name? Thanks and best regards

CHERRY ROXAS said...

Hi, I just bought a second hand car in which the registration will expire on April, 2014. I just wanna know if upon renewal of the registration and submission of the orig. OR/CR and Deed of Sale, will it be automatically transferred under my name? Thanks

Anonymous said...

Gud day po!ask ko lng po how long will it takes kapag nag request ka ng cancellation of mortgage kc po nkapg down n po ako s car dealer ng 30k para maayos yung transfer n registrstion under my name,tnk you po!

Anonymous said...

Hi Ms.Miriam good afternoon. I'm planning to accauire a 2nd hand unit with the owner of the car had left overseas and left a Special power of attorney to the relative of her wife to process the sale of his car and authorized them to signed the deed of sale on his behalf. I would to know if SPA is honored by LTO for the processing of transfer of ownership? Appreciate your guidance on this matter. Thanks in advance.

Anonymous said...

Hi Miriam.. im planning to sell my car and i got someone who wants to see, test drive. Do you have a GUIDE ON SELLING CARS including the documents to prepare and how to? The car im selling is already Paid in full but the CR is ENCUMBERED. Thanks.

Anonymous said...

Hi Miriam.. My name is Lexxi. Thank you for your article. It was a big help for us to know more about buying second hand cars. By the way, I'm planning to buy a car, all the documents are ok. Including OR and CR etc.. However is it ok if the photocopy of the ID of the seller does not have a 3 specimen/signature on it? The deed of sale has a signature though. Thank you alot..

Anonymous said...

How do to determined if the OR/CR is original? baka pede rin kasing iedit via photoshop e.

Please advise,

Thanks,
-nik

Anonymous said...

pano po ba ito kasi 1 id lang ang kasama ng 3 open deed of sale na nakuha sa binilhan ko ng car nasa akin naman po yung orig na CR at OR ng kotse di ko na mahagilap yung unang may ari na nakalagay dun sa OR at CR gusto ko kasing itransfer na yung car sa pangalan ko. help naman po please

Miriam Barredo said...

@Anonymous for as long as the copy of the ID you have is still valid and not expired. You can try.

Shan Jackson said...

Hi Ms. Miriam, I want to buy a used motorcycle but the owner is now working abroad and did not make Open deed of Sale, He left the OR CR to his mother and his mother said she can make get letter from brgy. Is deed of sale mandatory if you want to transfer the vehicle in your name?

Anonymous said...

Good evening po. I bought a car and I am the 4th owner. Naipasa sa akin ang orig cr and or with the the 2 deed of sale from the original owner until the 3rd one. Kasama na din ung notarized cancellation of chattel mortgage. Ang problema po wala pong id na kasama ang deed of sale sa unang buyer instead ung cancellation of chattel mortgage and nka attach. Pero ung 2nd owner meron pong id. Ok lang po ba un? Another question, dun po sa deed of sale may typographical error po sa chassis number instead of letter they type it as number, hindi ba ako magkakaproblema nun? Anong tamang gawin? Hope to hear your advice.

Joseph David said...

Hi Ms. Miriam.
I recently purchased an encumbered car here in Manila. The original LTO where the car is registered is Lapu Lapu city, Cebu. I paid the car in full. The car was not registered in 2013 according to the dealer. I don't have plates either but the dealer is working on it already.
Can I register car here in Manila?
How will I go about in changing the vehicle location and ownership?
Thank you.

Joseph David said...

Hi Ms. Miriam.
I recently purchased an encumbered car here in Manila. The original LTO where the car is registered is Lapu Lapu city, Cebu. I paid the car in full. The car was not registered in 2013 according to the dealer. I don't have plates either but the dealer is working on it already.
Can I register the car here in Manila?
How will I go about in changing the vehicle location and ownership?
Thank you.

FaithLovesSummer said...

Hi! Do you have a list of car appraisal companies in the phils? Thanks!

Anonymous said...

Hi Ms Miriam,

We bought a 2nd hand car with the help of my husband's company through auto loan. This is one of their benefits. My husband's company, which is also a bank, is asking for a comprehensive car insurance company with acts of god. the loan is already approved and we now have the bank guarantee. my question is,around how much does it cost for the comprehensive car insurance?the 2nd hand car we bought is a 2007 model toyota innova.

Anonymous said...

Hi ms miriam, i have big prob po regarding s van n hinulugan ko. Sa photocopy or/cr po nk name sya s company business. Siguro po nabayan na nila ang van kasi wala nang encumberred sa cr. I have 2 id photocopy ng nagbebenta with signature but his name is not shown on or/cr but only the name of the company. Ano docs po and dapat ko makuha sa kanya asside sa deed of sale and his ids? original cr will be given after full payment is done. I dont have any intentions of change ownership s ngayon. Thank you po.

Anonymous said...

Hello Ms. Miriam:
We are planning to buy a second hand car but the car was not registered since 2011. Can I drive the car to the LTO for registration without the risk of being apprehended by enforcers/police? What can I do to avoid this scenario.
Please guide us.
Thanks.

Anonymous said...

I just want to know if its really a requirement to have 2 valid Id's of the seller to transfer the vehicle in my name. What if the seller only have 1 ID? I can't find a requirement in LTO's requirements specifying 2 valid id's needed but LTO personnel ask it.

Miriam Barredo said...

List of Philippine Gov't Issued IDs
1) Philippines Passport
2) Driver's License w/ OR
3) PRC ID
4) GSIS ID
5) SSS ID
6) Voter's ID
7) Senior Citizen's ID
8) Barangay ID
9) Postal ID
10) UMID - Universal ID [New]
11) TIN ID

Miriam Barredo said...

When buying a used vehicle registered under a Corporation. You will need a copy of the company's Notarized Board Resolution to sell the subject vehicle and their designated authorized signatory. Copy of authorized signatory's valid gov't issued IDs [at least 2]. Copy of the Corporation's Incorporation papers [SEC Registration].

Miriam Barredo said...

It is wise to buy a used vehicle with updated LTO Registration papers and PNP clearance. Always secure clear copy of 2 valid gov't issued IDs of the car owner / seller. Avoid buying used cars with incomplete paper trail. Too much hassle.

Miriam Barredo said...

Auto loan incidental fees are
1) LTO Registration
2) 1 yr Comprehensive Insurance w/ AOG [auto loan requirement for the duration of the loan]
3) Chattel Mortgage Fee [one time payment]

Anonymous said...

Hi, i'm currently working here at saudi arabia, i want to buy a used isuzu alterra that was posted on sulit, the seller wants full cash for the vehicle, just want know what documents shall i ask from her as proof that the vehicle is free of any obligation from the bank or from any other institution. how can i know that the documents that she will be presenting are in good faith. is there a way i can check from LTO the present status of the vehicle from where i'm currently residing? Thank you for your time, Godbless

Anonymous said...

Maam gud evening.... magtatanong lang po sna ako kc mapapaso n po ung rehistro ng binili q n secondhand n kotse kaso naka pangalan pa din po s my ari ung kotse. Ok lang po b kung ako magpaparehistro maski wla pa s pangalan q ung sasakyan.paano po gagawin q. Salamat po

Nel said...

Good day ms. Miriam..

I bought a foreclosed 2nd hand car from a bank and thru bidding, it was award to me...however the vehicle registration has already expired this april 2014..puede ko ba siyang dalhin at i drive sa city sa province, since kakabili ko plang naman eto nung wednesday? At wala pang sticker for 2014?

Anonymous said...

HI Ms. Mirriam, I recently bought a 2nd hand vehicle. It is on open deed from the first owner and I am the 4th owner. The OR/CR is updated and still with the first owner's name. The Deed of Sale had his signature with 2 valid IDs. I was already able to notarize the deed of sale to my name but on the way to LTO, I lost the two photocopies of the valid IDs of the first owner. Please help what to do now as there is no way of contacting the first owner. Thank you in advance

Miriam Barredo said...

From: Stanley Liberato
Dear Ms. Barredo,
1. I bought a second hand car here in Manila, It's Ford Expedition Eddie Bauer 2006 from a private seller (let's call him Mr. Z) not a car dealer.
2. I inspected and road test the SUV and I finally decided to get it. I reserved P 20K and the following week I decided to pay in full.
3. My wife and I traced back the history of the cars , and here are the following informations:
a. The car was originally from Ford Cebu and the the first owner was owned by Ms. X (for privacy). And the CR(encumbered) and OR were all under her name. Ms. X paid a 30% downpayment and the monthly amortization payable in 5 years. Unfortunately after 2 or 3 years her financial status shook up, thus the bank got the possession of the car and from her end loss possession of the car.
b. Later, the bank bid the car, and a certain Mr. Y (a car dealer by profession) won the bid and. But Mr. Y did not register under his name cause he's a car dealer and would also sell it to an end user. After few months or so he does sell it to a certain Mr. Z.
c. Mr. Z sold it to me as the last transaction.
4. Other information :
a. The chattel mortgage papers or documents were originally in Cebu City.
b. There was an original notarized Deed of Sale between the bank and Mr. Y. in my possession as new buyer.
c. There was an original notarized Deed of Sale between Mr. Y and Mr. Z in my possession as new buyer.
d. I have in my possession the original chattel mortagage signed by Ms. X from the Ford Cebu dealer/bank.
e. I have in my possession the original Sales Invoice received by Ms. X from Ford Cebu dealer.
f. I have in my possession the "encumbered" Certificate of Registration of Ms. X and since the car also was brought in Manila by the bank when they bid it, all the succeeding years of processing of Official Receipt (O.R) were already registered in Pasig City, including the last 2 years, 2013 and 2014 but all registered to Ms. X.
g. Copy of Promisory Note or Surrender the possession of the car to the Bank signed by Ms. X
5. This is my question,Ms.Barredo, I wanted to transfer the ownership of this car under MY NAME, but wanted also to ERASEthe"encumbered" phrase in the CR(Certificate of Registration), Cebu City address through processing it the legal way, and transfer the address of both CR and OR here in MANILA already.

A. Mr. Y or his colleague said if THEY will process it , they need for me to come up P25,000.00 to do "transfer the ownership from Ms. X to my NAME"
B. This would take 1 month to process it. Or the fastest will be two weeks.
C. Mr, Y said they use connection to process it.

Kindly advise me if 1) P25k is justifiable amount , in case it's not, what will be the JUSTIFIABLE OR REASONABLE AMOUNT 2) can it be done in 2 weeks or 1 month? What is my time frame to process the papers all under my name?

Actually, since you are buying a provincial unit, dapat tinawad mo sa seller na lang yun cost of transferring the ownership to your name, kung ikaw ang gagawa. Check the market value of your unit. You should had bought it at least P25,000 or more [since yun ang singil nila] lower than the market value kasi provincial unit siya. Metro Manila 2nd Hand Dealers buy provincial units at a very low cost because it is time-consuming to transfer the ownership to Metro Manila residents. They already take into consideration the expenses for such transaction. Therefore, it is the obligation of the 2nd Hand Dealer [Mr. Y] to transfer the ownership to Mr. Z. Para being the next buyer, di ka na mahirapan I transfer yun ownership to your name. Kasi nailipat na dito sa Manila yun ownership ng unit as Mr. Z is a Metro Manila resident.

Looking forward for your advise.

Jay Ong said...

Hi ma'am miriam, first of all this article has help me alot throughout the processing of my chattel morgage, i would just like to ask if i go to the lto to unencumbered my cr, kukunin narin ba nila ang chattel ko or ibabalik nmn nila? Sorry for the noob question.

Amanda Joson said...

Wow, this is quite informative. I also bought a second-hand car from a friend. I would suggest that you purchase from someone you know and trust. They will give you a good discount and of course, you can check the vehicle instantly. But since it is a hand-me-down, I got myself a car insurance just in case. My friend from whom I bought the car suggested MAPFRE Insular, the company that covers his insurance policy.

jayem said...

good day! nagtransfer po ako ng 2nd hand na motor ko sa manila east LTO
pero pagrehistro ko po nung mon. nkapangalan p rin sa dating may ari ung OR ung CR po skin nkapangalan anu po ang gagawin ko

John Nicholas said...

Selling My 2012 Land Rover Range Rover Evoque Pure With Negotiation Well maintain low mileage,Full Options,Gulf Specifications,Accident Free,No Bruises,Very Clean like New.It was bought new and has not been used for long.I want to sell it out,If Interested.

Contact me for more information about the 2012 Land Rover
Email at :j.ray134@yahoo.com

Anonymous said...

Hi po, I bought a new car. OR/CR is still under the original owner since the second owner could not afford to register it yet. The second owner bought the unit in May this year. Since the vendee died last month, his live-in partner sold the car to us since she bought the car and not the person who died, who apparently appears as the VENDEE. The car is already transferred and is registered to LTO under my name. Do his mother and siblings have the right to claim it as theirs when the it was fictitiously sold to the VENDEE?

Anonymous said...

i tried texting LTO re the status of the unit and so far it says that the unit is clean when the status is clean does it also mean that the COR i'm holding is also genuine or how can i check if the docs is genuine? can a COR be fake?

thanks!
anonymous08

Anonymous said...

Hi there. Very informative post. I recently bought a second hand car. Now that I have finished paying for it. Question: whose responsibility it is to cancel the mortgage and transfer the registration to my name -- the seller's or the buyer's? I though it is the seller's. But now the used-car agent that sold me the car says I have to pay more than 5,000 for the cancellation of mortgage at the register of deeds and the transfer of registraion. Is this correct?

Anonymous said...

Miriam i bought a car and the owner gave me an open deed of sale(just with the signature of the owner)and it was notarized already.I checked if the car is ok,chassi number and motor really match with the docs,no alarm,everything is ok.Well,i filled up the parts in blank and i signed in my name.I went to the lto office and delivered to get the confirmation to transfer the vehicle in my name.Now,days after, i discovered that an open deed of sale can not be notarized.I have all the other documents of the owner,two Id duely signed,original Cr and Or.Do you think that i will not get the confirmation?You know Miriam,i dont really understand about open deed of sale.I consulted some lawyers and they told me that it s ok.Now i want to know from you Miriam,please,what can you tell me?

Miriam Barredo said...

Hello, yes an open deed of sale can not be notarized because all details must be filled out before you submit it to the LTO Agency. Details of the Seller (name in the LTO CR)and the Seller's valid Philippine Gov't Issued IDs.

Miriam Barredo said...

For those who have finished paying their auto loans. I have another blog guide - http://mirpam1.blogspot.com/2008/10/steps-to-do-after-full-payment-of-auto.html

Anonymous said...

hello po. tanong ko lang po.kasi nakabili po kami ng 2nd hand na kotse. tapos gusto po namin ipa-transfer sa pangalan namin. meron na po kaming PNP clearance.San po namin yun dadalhin sa camp aguinaldo po ba(dun po kasi naka register yung CR) or LTO nalang po ipapasa yun tapos dun nadin makukuha yung bagong CR na nakapangalan na samin?

John Herrera said...

Hi thanks for the post..
how can i buy a 2nd hand car? if im just a student?
but my relative in other country transfer remits on me every month... we both want a car this year,before he takes his vacation..
is there a requirements to be specific??
thank you

Miriam Barredo said...

Good day John, you need to be of legal age (21 yrs old) to be able to buy through a financing transaction as you have to sign loan documents; these are legal papers. Some banks consider regular remittances as income of the recipient.

Anonymous said...

Hi Ms. Barredo. I will be buying a used car within the next few days but first, with regard to paperwork, what are my rights(or should be my reasonable demands) to the seller as a buyer to make sure that I won't have any problems in the long run? Thanks in a advance and more power to your site.

Melissa said...

Hi Ma'am Miriam, Can you please recommend someone or a company that provide service for stenciling the chassis and engine number of an import car. I heard that we need to visit LTO for that. Is there someone or a specific office there that we need to visit? Can you let us know their contact details and possible related fees for this? We must provide 3 copies and all must be very clear or else the Bureau of Customs will make us do it again. Thanks for your help - Melissa

Anonymous said...

Hi Ms Meriam,

Naka bili po ako ako ng car una po nussan serena kaso binalik ko laging oover heat second po ito.tapos pinalitan po ng nissan terano model 98 gaya po ng nissan serena sira din po ang tramission nito mahina ang break and dami po talagang sira dahil po sa ka gustohan kung may magamit pinag tiyagaan ko po kasi ang usapan namin papalitan nila itong kotse ng gusto ko talaga na van at automatic naka pag bigay na po ako ng 110thousand sa seller ko dito sa imus cavite.usapan po namin hulogan ang pag bbyad ko.ngayon ako ay nagigipit d po ako naka pag hulog ng two months ang sabi po ng seller ko bbtakin daw ito kotse at forfitted na po ang 110,000 ko paano ang gagawin ko ?sana po matulongan niyon ako sa aking problema please mam.

Anonymous said...

Hi Ms Meriam,

Naka bili po ako ako ng car una po nussan serena kaso binalik ko laging oover heat second po ito.tapos pinalitan po ng nissan terano model 98 gaya po ng nissan serena sira din po ang tramission nito mahina ang break and dami po talagang sira dahil po sa ka gustohan kung may magamit pinag tiyagaan ko po kasi ang usapan namin papalitan nila itong kotse ng gusto ko talaga na van at automatic naka pag bigay na po ako ng 110thousand sa seller ko dito sa imus cavite.usapan po namin hulogan ang pag bbyad ko.ngayon ako ay nagigipit d po ako naka pag hulog ng two months ang sabi po ng seller ko bbtakin daw ito kotse at forfitted na po ang 110,000 ko paano ang gagawin ko ?sana po matulongan niyon ako sa aking problema please mam.

Anonymous said...

Hi Ms Meriam,

Naka bili po ako ako ng car una po nussan serena kaso binalik ko laging oover heat second po ito.tapos pinalitan po ng nissan terano model 98 gaya po ng nissan serena sira din po ang tramission nito mahina ang break and dami po talagang sira dahil po sa ka gustohan kung may magamit pinag tiyagaan ko po kasi ang usapan namin papalitan nila itong kotse ng gusto ko talaga na van at automatic naka pag bigay na po ako ng 110thousand sa seller ko dito sa imus cavite.usapan po namin hulogan ang pag bbyad ko.ngayon ako ay nagigipit d po ako naka pag hulog ng two months ang sabi po ng seller ko bbtakin daw ito kotse at forfitted na po ang 110,000 ko paano ang gagawin ko ?sana po matulongan niyon ako sa aking problema please mam.

Edward said...

Hi. Im actually a seller. My question though is, I recently applied for car loan with all-in promo. Will this apply the same if I sell? Is there a way, I could the buyer will continue the monthly and the ownership be under his/her name? If so, what will be the process? Grateful on your soonest advise.

Anonymous said...

Mam magandang araw po! I bought a second hand car last May. Ang question ko po ay, pwede ko ba i-renew yung rehistro ng sasakyan kahit di ko pa napapatransfer sa pangalan ko ang ownersgip ng sasakyan? Maraming salamat po!

Anonymous said...

Dear Miriam,

I have purchased a second hand vehicle.
The seller did not transfer the papers into his name, but had open deed of sale from the previous owner. The registration is up to date, I was provided the original OR, CR, two open deeds of sale, which I have now had notarized, but I was only provided one photocopy of the registered owners ID, which has expired. His signature is on the deed of sale and the CR.

If LTO refue to process the change of ownership due to isufficient ID for the seller, what is the next step?

Thanks for the informative blog!

Miriam Barredo said...

@Anonymous pls consult your lawyer. Personally, I do not think it is advisable to buy a very old car on installment. Up to 5 years old lang po. Otherwise, there easy own plans for brand new cars nowadays.

Miriam Barredo said...

@Edward Hello :) First of all, po, you can not sell your car while you still have a loan balance. 2nd - it is also not advisable for you to sell your car with a assume balance agreement. The unit is still under your name. What if your buyer does not continue paying your dues? I had several clients whose name was tarnished with the banks because unknowingly, the end-users of their auto loan failed to pay their dues. Some worst case scenarios - nahatak units so di na sila maka-loan uli.

Miriam Barredo said...

@Edward, I suggest that you sell your car, pay off the balance of your auto loan so that the ownership can be properly transferred to the new buyer. Best regards,

Miriam Barredo said...

@Anonymous, yes po you can renew the registration of your car even if you have not transferred the registration to your name. But you do have your Deed of Sale?

Miriam Barredo said...

@Anonymous an ID is considered valid only if it has not expired

Anonymous said...

Hello po Ma'am, thank you po sa post nila, at thank you din po na buhay pa yung thread. :)

May konting tanong lang po ako, ito po yung situation:

We're about to buy a 2nd hand car that is less than a year old, it was awarded to the owner by her company for his service. He decided to sell the car for medical reasons. The thing is, the car is registered to the company, they have been asking to transfer the car to her name for about 2 mos now, but due to a lot of meeting abroad buy their GM, the papers are not moving, which leads me to my question:

Can we apply for transfer of ownership from the LTO directly? Could we present the 2 deed of sales the the TMG-MV and LTO (one from the company to the owner and one from the owner to us) Instead of the owner applying for a separate transfer of ownership that would take about 3-4 days to process, and after that, we apply it again for another transfer of ownership, which would really take quite some time. :\ Could we process the transfer of ownership from the company's name to ours instead of going through one more transfer for the owner. Please help. Do you have any suggestions/better process for doing it?

I was thinking about buying the car from the company itself (meaning having the deed of sale between me and the company but the payment is still to the owner of the car)

Thank you for your help!

Anonymous said...

Hi. I bought a very old car 3 years ago, I'm the 5th owner and I have all of the documents:

1. Digital copy of the license of the previous owner, which I can print it
2. Deed of sale of the previous owners
3. Original OR and CR
4. Deed of sale (previous owner selling to me) but I was not able to notirize it

My question is, can I still notorize it even I bought it 3 years ago?

Miriam Barredo said...

@Anonymous you need to use the current date for the sale so that you can have it notarized

Miriam Barredo said...

@Anonymous if the end-user of the car is agreeable to your suggestion to have the ownership transferred directly to you, why not. That is a good idea. Of course, payment should be to the end-user. I am sure his/her obligation to his/her company is completed already. But for your protection, hold payment until the end-user gives you the necessary papers for the direct transfer of ownership to you.

Gee Advin said...

Good day mam miriam, just like any other inquiries here about cancellation of chattel mortgage i also have the dillema of it now.

We just bought an Avanza from someone in paranaque, bale ang binigay na documents sa akin is original cr w/ emcumbered status, or and release of chattel mortgage that metrobank gave the first owner. My question is can i process the cancellation at any registry of deeds office other than in paranaque and do i need authorization from the first owner?

Thanks in advance mam miriam and i hope masagot po ang tanong ko. Godbless po.

Anonymous said...


Hi Ms. Miriam,
Hello po Mam..just want to ask what are the requirements of selling my 1+ year old car with a balance in the bank (less than 2 years).
Does the bank and LTO allows it? Besides po sa pa assume balance.
Salamat po.

AlexB

syne said...

i wanted to have a quotation immediately not anymore like this. i dont like going through so many processes maam. thanks
margie

Miriam Barredo said...

Hello AlexB, yes po, you can sell your car provided you pay off the balance with your financing bank. Call them to find out the pay-off value of your car so you know the minimum amount that you can sell your car for. Best regards,

Janine Justiniano said...

Maam, I just want to ask what if may deed of sale na sakin but the id's of the seller are not available because I could no longer contact her?? Is it possible that the lto will entertain me? What should I do?

Anonymous said...

Maam, I just want to ask what if may deed of sale na sakin but the id's of the seller are not available because I could no longer contact her?? Is it possible that the lto will entertain me? What should I do?

jf said...

hi po, naka bili po ako ng motor, patay na po ang may ari, mama nya po nag benta sakin.. kasi may sakit.. ang problema po walang OR at CR.. anu po gagawin ko?

Anonymous said...

Hi, I bought a used car from PSBANK and planning to sell it. I already paid for the Cancellation of Mortgage at Register of Deeds and acquired the receipt. Whats the next step? Shall I proceed to LTO get the unencumbered OR/CR which is still under the name of the original mortgager? Can I just get the unencumbered OR/CR under the name of the original owner, not yet transferring to my name?
Thanks

Anonymous said...

Hi, I bought a used car from PSBANK and planning to sell it. I already paid for the Cancellation of Mortgage at Register of Deeds and acquired the receipt. Whats the next step? Shall I proceed to LTO get the unencumbered OR/CR which is still under the name of the original mortgager? Can I just get the unencumbered OR/CR under the name of the original owner, not yet transferring to my name?
Thanks

ross2788 said...

good day po,, may binili ako na motorcycle with open deed of sale, the previous owner(second owner) did not notarize it or transfer the registration to him, so basically original owner yung nasa open deed of sale, may kasama na 2 photo copy of id's ng original owner, ang problema po ay... yung photo copy ng ID ng owner ay expired na dahil 2years ago pa yung transaction nila ng 2nd owner,, napa notarized ko na po yung deed of sale with my name and planning to transfer the registration under my name, my question is, will i be able to transfer it to my name? gayong expired na yung photocopy ng i.d ng first owner?

Anonymous said...

good day po,, may binili ako na motorcycle with open deed of sale, the previous owner(second owner) did not notarize it or transfer the registration to him, so basically original owner yung nasa open deed of sale, may kasama na 2 photo copy of id's ng original owner, ang problema po ay... yung photo copy ng ID ng owner ay expired na dahil 2years ago pa yung transaction nila ng 2nd owner,, napa notarized ko na po yung deed of sale with my name and planning to transfer the registration under my name, my question is, will i be able to transfer it to my name? gayong expired na yung photocopy ng i.d ng first owner?

DJ-Bone said...

Hello Ms. Miriam, ask ko lang po, pwede po ba ibenta ng anak yung sasakyan na nabili ng kanyang namatay ama pero ang problema po eh yung OR at CR ng sasakyan eh nakapangalan pa din sa binilhan (dating may-ari )ng kanyang ama tapos patay na din po.

DJ-Bone said...

good day ms. miriam, ask ko lng po kung may expiration ang deed of sale...kasi po may nabili ako na motor nung 2010 pa pero hanggang ngayon po eh hindi ko pa din natatransfer sa pangalan ko yung OR at CR













































Anonymous said...

hi ms. miriam, gusto ko lang po malaman kung pwede ibenta ng anak yung sasakyan ng kanyang namatay na ama pero yung sasakyan po ay nakapangalan pa rin sa dating may ari ng sasakyan kaso patay na din po yung dating may ari..

Anonymous said...

hi ms. miriam, gusto ko lang po malaman kung pwede ibenta ng anak yung sasakyan ng kanyang namatay na ama pero yung sasakyan po ay nakapangalan pa rin sa dating may ari ng sasakyan kaso patay na din po yung dating may ari..

Luther John Meylville Espinosa said...

Hello Ms Miriam,

Parang hindi na gumagana yung LTO text message to verify plate numbers of used vehicle. is there other way? please let me know. thanks I'm planning to buy 4th hand motorcycle, and nabasa ko nga sa threads yung tungkol sa Deeds of sales.

Thank you again,
Best Regards..
Luther Espinosa

Anonymous said...

Hi Ma'am Miriam,

Followup lang po sa question ni AlexB, same scenario kami. If na payout na po ba yung car pwede sabihin na sa buyer na ipangalan yung car? or do we have to do the same process of transfer of ownership
(ROD > Karingal > Motor Vehicle Inspection Unit > Original LTO Office).

Isa pa pong tanong, saan po kayang field office yung 1301? sa site ng LTO laktaw po kasi, 1300 then 1302 na kaagad.

Anonymous said...

hi ms mirriam, pag galing po ba sa bank, hndi kaagad naibbgay ang OR/CR?yn mga repossessed cars po/

moira said...

maam, ask ko lng po anu dapat gawin... bumili ung asawa ko ng pick up. no cr. 1st owner company myari and no deed of sale sa 2nd owner... ngttx ako sa 2600 kaso puro ganito reply sa akin..Sorry we cannot process your request right now. Please try again later.plate number PTC 130. ung pinag bilhan namin hnd n maibalik pera namin... d ko alam gagawin... pls help...

moira said...

maam, ask ko lng po anu dapat gawin... bumili ung asawa ko ng pick up. no cr. 1st owner company myari and no deed of sale sa 2nd owner... ngttx ako sa 2600 kaso puro ganito reply sa akin..Sorry we cannot process your request right now. Please try again later.plate number PTC 130. ung pinag bilhan namin hnd n maibalik pera namin... d ko alam gagawin... pls help...

moira said...

maam, ask ko lng po anu dapat gawin... bumili ung asawa ko ng pick up. no cr. 1st owner company myari and no deed of sale sa 2nd owner... ngttx ako sa 2600 kaso puro ganito reply sa akin..Sorry we cannot process your request right now. Please try again later.plate number PTC 130. ung pinag bilhan namin hnd n maibalik pera namin... d ko alam gagawin... pls help...

Anonymous said...

Ms. Miriam,what if the previous owner didn't transfer to her name the ownership of the car, can i still transfer it to my name? or it should be transferred first to her name before mine?

Anonymous said...

Hi Ms Miriam. I am buying a second hand car and it is under the name of a company. The owner said he is no longer connected with the company anymore and he is not sure when he can get a secretarial certificate. Can I buy the car without the sec cert? Is it wise to buy the car?

Anonymous said...

I have a friend who owned a car. He is ill at that time and borrowed to me with amount of money P200,000. He made a writing agreement that he will pay me back after 5 months and give interest for the number of months if he cannot paid it on time. The car stay with me but during that time he just only give OR and not the CR.
My friend died and we need now to return back our money. The wife doesn't need to cooperate and doesn't like to pay the borrowed money and the interest. She doesn't like also to make any deed of sale as the amount of the debt and interest reached up to P450,000. Their debt is already last almost more than a year. We already talked and arranged it through barangay but she is insisting us to return the car for she wants be the one like to sell the car.
In this regard, may I know if we have the right to sell the car? as there is an agreement letter about the unpaid loan. The car is in the name of deceased person.
Does her wife also have the right to stop us from selling the car? May I know what is the right thing to do because its unfair in my part,that borrowed money will not be paid and I don't like also to give back the car to her without my money back. Thank you and hoping for your reply regarding this matter.

Mr. LC

Rex said...

Hi i have a question. Pano po if ung id xerox sa deed of sale is expired na magkakaproblema po ba ako?

Savvy Pascual said...

hi, Ms Miriam I have a question, Im planning to buy a reprocessed car thru PS Bank auto mart, the Car is from Lapu Lapu City, is there any way that I don't need to go personally in RD lapu lapu, to get the paperworks, if there is,please let me know ,

thank you

regards.

Luigi said...

Good day ma'am miriam barredo. I currently bought a car, but the seller gave me a fake or indicating that it is currently registered. But as per checking it on lto text, it has no alarm or apprehension and it is registered 2013. What should i do?

Rom said...

Good day maam,
i would like to inquire about info on things to know when registering a second hand car na nabili ko and under pa sa original buyers name, like requirements and also info about sa insurances. Things most important to check and consider. The car is was a 2007 model one. Thanks and Godbless po.

Miriam Barredo said...

Hello Savvy, Luigi and Rom, I was able to reply to your emails to me. Best regards

Jayras Rasos said...

Hi mam mirriam barredo, nakabili ako ng 2ndhand car. Pro nung ipapatransfer ko na hnd nila tnanggap ung pirma ng 1stowner dhl mejo iba daw sa unang pirma.. Pwd po bang mag affidavit of warranty nalang ako? Ok naman na po lahat sa karingal, pagdating lng talaga sa lto hnd po tnanggap ung pirma.. Ano po dapat gawin ko para mailipat ko sa name ko.. Tnx

Jayras Rasos said...

Hi mam, mirriam barredo, nkabilo po ako ng 2ndhand car. Pero nung ipatransfer ko sa name ko hnd tnanggap ng LTO ung pirma na 1st owner sa LTO. Ok naman na po sa karingal.. Pero sa LTO mejo iba daw po ksi ung pirma.. Pwd kaya ako mag affidavit of warranty nalang? Tnx

Miriam Barredo said...

Hi Jayras Rasos, can you get back to the seller? Baka meron sya ibang ID na kapareho sa pirma nya sa LTO.

rm28 said...

good day mam
tanong ko lng po kung pwede po b iindicate s deed of sale n ung vehicle ay binili ko s first owner..hnd ko po kc agd ntransfer s name ko ung vehicle n binili ko..na ngyn po ay ibebenta ko na po...thanks

Anonymous said...

Hi Maam

got my 2nd hand car from a dealer after bank approved me and paid for the 50% dp. We went to LTO for stencil as well. Kaso i havent got the deed of sale yet. As per dealer need muna daw matransfer under my name which is aasikasuhin nila for maximum of 2 weeks (min of 2-3 working days). Is this accurate po, what i currently have on hand is a xerox of or and cr and receipts for my dp, chattel mortgage and insurance. Thanks po

HLV

KELSEY said...

Mam ask ko lang po.. brand new po binili ko then after few months naisip kong ipublic pano po yun eh kailangan po ng ltfrb ay deed of sale kaya lang loan ko po sa banko. Di po ba ako mahirapan sa transfer of plate sa lto?

Jay Cruz said...

Hi Ms Miriam,

Would like to ask, I am buring a pre-owned car in bank automart, my load has been approved and we are just processing the post documentation fees, however, to my surprise, it costs a lot than i've expected. they are charging me for fee for cancellation of registration of deed by the former owner of the vehicle. the reason they said is because the original deed was registered in mindoro. Is the fee they are charging valid? help me on this please.

Jay Cruz said...

Hi Ms Miriam,

Would like to ask, I am buring a pre-owned car in bank automart, my load has been approved and we are just processing the post documentation fees, however, to my surprise, it costs a lot than i've expected. they are charging me for fee for cancellation of registration of deed by the former owner of the vehicle. the reason they said is because the original deed was registered in mindoro. Is the fee they are charging valid? help me on this please.

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meetdelle said...

hi mirriam barredo. im planning to buy a second hand car, however ung seller is nasa abroad daw tapos ung caretaker daw nya ang mag fufulfil ng deal in his behalf. complete naman daw lahat ng papers ang everything is clear according to him. is this a scam? should i continue with the deal?

Dante Alcaras said...

Good day po. Ask ko lang po yong opinion nyo regarding the car that I bought. Galing po sa casino yong nabili ko. Ang binigay na documents ay sales invoice, delivery receipt, insurance, open deed of sale signed by the owner, photocopy of the ids. Pero yong or at cr are just photocopy. Na check ko na po sa HPG and LTO, ok naman po and sasakyan. Wala ding encumbered and CR. Kaso lng po hindi original ang OR/CR. I ask the dealer about it pero palagi lang sinasabi na wait lang ako. Can I ask your opinion about it at ano dapat gagawin ko knowing na sa CASINO galing ang sasakyan. Thanks po.

Reuben John Gonzales said...

Good day. Is this thread still open? Hope you will be able to advise us. My husband and I brought a used car in the Philippines. We never got the name of owner changed tho so it was still in the name of the original owner. Before we left for UK we sold the car - that was a few months ago. Now the new owner of the car is asking our help in how to get the car into his name. Please can you advise on the best way to do this.
Thanks

Christopher Lopez said...

hello po.. nakabili po ako ng 2nd hand car nung 2011,meron pong deed of sale tapos notarized naman, kumpleto naman papeles mga original CR,OR syempre binigay sa akin.. nung 2012 nawala ko for some reason ang original CR, pero meron ako photocopy, so naparehistro ko naman hangang ngayon naparehistro ko sya gamit yung xerox copy na CR na nakapangalan sa original (1st owner), hindi ko na naasikaso na ipa-transfer sa pangalan ko ang CR since napaparehistro ko naman sya gamit yung xerox copy and meron naman notarized deed of sale, ngayon eto na ang problema, balak ko ng ibenta this year 2016 ang car kasi short nako sa cash, so may mga nag inquire na and bibilin na sana pero nagbabackout bigla kasi xerox copy lang daw ang CR ko, so sige sabi ko kukuha na lang ako ng duplicate CR, papagawa ako sa original owner ng affidavit of loss kasi yung original owner daw dapat ang magrequest kahit notarized ang deed of sale namin, kaso nung natry ko macontact yung wife nung original owner, deceased na pala yung husband nya nung 2014, so ano po ang mga options ko kung meron man?... thanks..

dave gatchalian said...

Hello! meron ako nabili na motor, kaso wala ma iprovide na or/cr na original, nalaman ko me problema sa banko.ano kaya pwede ko gawin?

Jojo Manaois said...

Hi, meron po akong planong bilhin na second hand car. Kaya lang po ang sabi sakin nong owner ay ung original OR at CR ay nasa Bank pa after fully paid by the owner. Gusto ko nang mapasaakin ung car kaya lang nag aalangan pa ako. Na check ko na sa LTO at other agencies and found to be clean naman ung car. Ano pong mga documents ang pwede kong e request sa owner para ma close na namin ung transaction beside awaiting pa namin ung original OR/CR nong car. Thanks po.

Anonymous said...

Mam no need na po ng photocopy ng id and signature ng corporate secretary dahil sya po un naka sign sa deed of sale ng company to thhe new owner db?thanks in advance