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FOXSSLOTS

buying a used car - insurance and registration

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FOXSSLOTS
On 7/4/2018 at 9:59 AM, Davaoeno said:

The plates and third party liability  insurance  and excess coverage insurance  transfer over to the new owner.

You must file the Deed of Sale through the LTO  to transfer ownership .

 

DEED OF SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:

That I,                                 Filipino, of legal age, a resident of                                    Davao City                                           ,

 

am the lawful owner of a certain motor vehicle which is more particularly described as follows:

MAKE :   Ford

MOTOR NO. : UEJDDE2128

SERIES : Fiesta sedan titanium  

SERIAL/CHASSIS NO. MNB7XXARJ7D21285

TYPE OF BODY : sedan

PLATE NO. :ABN 335

YEAR MODEL : 2014

FILE NO. : 0701-0000012967

 

C.R. NO. 18998442

That for and in consideration of the sum of six hundred thirty thousand  (P630.000.00) PESOS, Philippine Currency, receipt whereof is hereby acknowledged to my entire satisfaction, I hereby sell, transfer and convey by way of  Deed of Sale unto                       ,  Citizen of Cyprus,  of legal age, and resident of  Davao City , Davao del Sur  , the above described motor vehicle, free from all liens and encumbrances.

IN WITNESS WHEREOF, we have hereunto affixed our hands this    8    day of July  , 2016 at  Davao City

 

                              

                          ______________________                   __________________________                                                                                                            

                                     Vendee                                      Vendor

                                     MARIOS XXXXXX                   XXXXXXXXXXXXXX

Signed in the presence of:

_____________________________ ______________________________

 

ACKNOWLEDGEMENT

Republic of the Philippines )

) S.S

BEFORE ME, personally appeared:

 

 

Name                                                 ID Number                Date/Place Issued

 

XXXXXXXXXXXXXXX       TIN-900-xxx-252   March 11, 2015  Davao City

 

MARIOS XXXXXXXXXX      Cyrus ID  No . 70166  489454-2                     

 

 

           

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;

Page No. ______;

Book No.______;

Series of 2016__.

 

 

 

On 7/4/2018 at 9:59 AM, Davaoeno said:

The plates and third party liability  insurance  and excess coverage insurance  transfer over to the new owner.

You must file the Deed of Sale through the LTO  to transfer ownership .

 

DEED OF SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:

That I,                                 Filipino, of legal age, a resident of                                    Davao City                                           ,

 

am the lawful owner of a certain motor vehicle which is more particularly described as follows:

MAKE :   Ford

MOTOR NO. : UEJDDE2128

SERIES : Fiesta sedan titanium  

SERIAL/CHASSIS NO. MNB7XXARJ7D21285

TYPE OF BODY : sedan

PLATE NO. :ABN 335

YEAR MODEL : 2014

FILE NO. : 0701-0000012967

 

C.R. NO. 18998442

That for and in consideration of the sum of six hundred thirty thousand  (P630.000.00) PESOS, Philippine Currency, receipt whereof is hereby acknowledged to my entire satisfaction, I hereby sell, transfer and convey by way of  Deed of Sale unto                       ,  Citizen of Cyprus,  of legal age, and resident of  Davao City , Davao del Sur  , the above described motor vehicle, free from all liens and encumbrances.

IN WITNESS WHEREOF, we have hereunto affixed our hands this    8    day of July  , 2016 at  Davao City

 

                              

                          ______________________                   __________________________                                                                                                            

                                     Vendee                                      Vendor

                                     MARIOS XXXXXX                   XXXXXXXXXXXXXX

Signed in the presence of:

_____________________________ ______________________________

 

ACKNOWLEDGEMENT

Republic of the Philippines )

) S.S

BEFORE ME, personally appeared:

 

 

Name                                                 ID Number                Date/Place Issued

 

XXXXXXXXXXXXXXX       TIN-900-xxx-252   March 11, 2015  Davao City

 

MARIOS XXXXXXXXXX      Cyrus ID  No . 70166  489454-2                     

 

 

           

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;

Page No. ______;

Book No.______;

Series of 2016__.

 

 

okay - i buy a used car - seller has current insurance and registration - this DEED OF SALE - does it have to be notarized?   

I buy a used car - do I need to have DEED OF SALE notarized of just witnessed?  

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Davaoeno
46 minutes ago, FOXSSLOTS said:

 

okay - i buy a used car - seller has current insurance and registration - this DEED OF SALE - does it have to be notarized?   

I buy a used car - do I need to have DEED OF SALE notarized of just witnessed?  

Notarized . The LTO will not accept it otherwise.  And you both need photocopies of your ID signed 3x by each of you .

On 7/6/2018 at 8:24 AM, rizla said:

so a potential purchaser needs to get a written affidavit

good luck with that !!!! hahahahaha

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FOXSSLOTS

so here it is sunday - obviously no LTO open - so i need to wait until monday - meet seller at a Notary - BEFORE I pay for the car?  Does the seller have to go to the LTO as well?  I need a photocopy of my drivers license and I sign it 3 times?    sorry for these questions - I am an American and this process is all new to me.  thank you.

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FOXSSLOTS
12 minutes ago, FOXSSLOTS said:

so here it is sunday - obviously no LTO open - so i need to wait until monday - meet seller at a Notary - BEFORE I pay for the car?  Does the seller have to go to the LTO as well?  I need a photocopy of my drivers license and I sign it 3 times?    sorry for these questions - I am an American and this process is all new to me.  thank you.

the LTO web site lists these requirements

♦ Original copy of the Certificate of Registration (CR) or Certificate of Registration Encumbered (CRE)
♦ Original copy of official receipt of payment of latest MVUC and other fees
♦ Original copy of the Deed of Sale/ Transfer/ Conveyance
♦ Confirmation of CR/OR in case the transacting district office is different from the district office that issued the current certificate of registration
♦ Deed of sale with assumption of mortgage with bank's conformity
♦ Written consent from the financing company in case of CRE
PNP-HPG MV Clearance Certificate
♦ Duly accomplished and approved Motor Vehicle Inspection Report (MVIR)
♦ Appropriate Insurance Certificate of Cover
♦ 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.

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Davaoeno
53 minutes ago, FOXSSLOTS said:

i need to wait until monday - meet seller at a Notary - BEFORE I pay for the car? 

YES !!!   do not release any more than a deposit to hold the vehicle until you have a Notarized Deed of Sale and the original OR/CR and the keys in your hand .

The seller does not need to go to the LTO

You dont need a copy of your DL - a copy of your Passport or other government ID will suffice

You will need to get an Acknowledgement Receipt signed by the Seller saying that they received the payment

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FOXSSLOTS

DONE bought the car and from a local police officer who gave me all the info i needed - YES needed a notary to notarize 3 copies of the bill of sale -  got the registration and insurance good thru feb 2019 - i just have to register in feb with the bill of sale document.  THANK YOU ALL for the excellent responses.

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rizla
On 7/4/2018 at 9:59 AM, Davaoeno said:

The plates and third party liability  insurance  and excess coverage insurance  transfer over to the new owner.

You must file the Deed of Sale through the LTO  to transfer ownership .

 

DEED OF SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:

That I,                                 Filipino, of legal age, a resident of                                    Davao City                                           ,

 

am the lawful owner of a certain motor vehicle which is more particularly described as follows:

MAKE :   Ford

MOTOR NO. : UEJDDE2128

SERIES : Fiesta sedan titanium  

SERIAL/CHASSIS NO. MNB7XXARJ7D21285

TYPE OF BODY : sedan

PLATE NO. :ABN 335

YEAR MODEL : 2014

FILE NO. : 0701-0000012967

 

C.R. NO. 18998442

That for and in consideration of the sum of six hundred thirty thousand  (P630.000.00) PESOS, Philippine Currency, receipt whereof is hereby acknowledged to my entire satisfaction, I hereby sell, transfer and convey by way of  Deed of Sale unto                       ,  Citizen of Cyprus,  of legal age, and resident of  Davao City , Davao del Sur  , the above described motor vehicle, free from all liens and encumbrances.

IN WITNESS WHEREOF, we have hereunto affixed our hands this    8    day of July  , 2016 at  Davao City

 

                              

                          ______________________                   __________________________                                                                                                            

                                     Vendee                                      Vendor

                                     MARIOS XXXXXX                   XXXXXXXXXXXXXX

Signed in the presence of:

_____________________________ ______________________________

 

ACKNOWLEDGEMENT

Republic of the Philippines )

) S.S

BEFORE ME, personally appeared:

 

 

Name                                                 ID Number                Date/Place Issued

 

XXXXXXXXXXXXXXX       TIN-900-xxx-252   March 11, 2015  Davao City

 

MARIOS XXXXXXXXXX      Cyrus ID  No . 70166  489454-2                     

 

 

           

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;

Page No. ______;

Book No.______;

Series of 2016__.

 

 

Can I download these forms from anywhere?  I have found an almost new car that I want to buy. 

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Davaoeno
3 hours ago, rizla said:

Can I download these forms from anywhere?  I have found an almost new car that I want to buy. 

Just do what I do and type it out .  20 minutes max      Or PM me your email address and I will email you one you can modify 

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rizla
Posted (edited)
12 hours ago, Davaoeno said:

Just do what I do and type it out .  20 minutes max      Or PM me your email address and I will email you one you can modify 

Many thanks, saw the car but suspect it is stolen the guy was very uneasy when I told him I was a British Police Officer (I'm not).  When I checked the reg it came up with another model same car, he said it was a computer error, happens all the time, I said I would think about it!!!

Decided to buy new, less hassle and less risk, and I have found a cheaper insurance online than offered by Mitsubishi, so saves another 28k on purchase price, slowly wearing the salesman down stage by stage, Price started at 867k, now at 795k reckon I can get him to agree on 780K and I have a deal.

Edited by rizla
typo
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smokey
6 hours ago, rizla said:

Many thanks, saw the car but suspect it is stolen the guy was very uneasy when I told him I was a British Police Officer (I'm not).  When I checked the reg it came up with another model same car, he said it was a computer error, happens all the time, I said I would think about it!!!

Decided to buy new, less hassle and less risk, and I have found a cheaper insurance online than offered by Mitsubishi, so saves another 28k on purchase price, slowly wearing the salesman down stage by stage, Price started at 867k, now at 795k reckon I can get him to agree on 780K and I have a deal.

not all insurance is created equal read the fine print some companies require you to pay for part of the parts depending on how old the car is... I have had mit. insurance long time before that I had brand x that changed their phone number faster then I can change a sim card..

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Davaoeno

I have posted several times about how happy I have been with my insurance provider.   All companies are definitely not the same .

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soupeod

I just got Standard Insurance in my used Suv

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