If you’re planning to buy a used car and is worrying about how to handle the ownership transfer, here’s a simplified guide on the steps and requirements.
How do I transfer the ownership of my car in the Philippines?
Step 1: Prepare the necessary documents:
- ·Original Certificate of Registration (CR) and Photocopy of the Official Receipt (also known as OR from LTO)
- Two Valid Government Issues IDs (of the buyer and the seller) with 3 specimen signature each
- Release of Chattel Mortgage (if the unit is loaned/encumbered; also known as the RCM)
- Promissory Note (usually attached with the RCM)
- Deed of Absolute Sale
- PNP Highway Patrol Group (PNP-HPG) Clearance
- Certificate of Emission Compliance for Passed Testing
- Third-Party Liability (TPL) Insurance Certificate of Cover (COC)
Note: If encumbered, you have to go to the Registry of Deeds indicated in your CR where the car is registered so they can issue you a cancellation of chattel mortgage. You will need to pay necessary fees and will be presented a receipt for LTO later on.
Step 2: Go to Land Transportation Office (LTO)
Present the documents in the office and wait for them to be release. All of this will take some time and depends on the documents/branch of office.
We know it can be a hassle to process all of these so Dryve offers the service of processing your car documents for you! Whether you want to transfer ownership of your car, want to remove the encumbrance of the vehicle, or even just to update the registration, we can do it for you! Just prepare the first 5 requirements listed above, and we will handle the rest.
You may contact us for rates, details and inquiries at (+632) 917 547 3835 or message us on Facebook at facebook.com/dryve.ph
