Best Posts in Thread: Changing registration to my name

If the deed of sale is just a precursor to the actual owning of the vehicle and ownership is finalized when it is registered with the LTO as determined by the courts, that's fine.
There can be a problem when you sell a vehicle registered in your name. If the buyer leaves the vehicle in your name and has an accident. You will be on the hook for liabilities from the accident.
A friend had that problem. He bought a motorcycle, registered it in his father-in-law's name. One of his happy workers had an accident (a left town). The injured party has been looking for the father-in-law ever since.

 

Thank you for your response. I had pretty much resigned myself to having been taken advantage of (yet again). It's one of those things that is a recurring annoyance and my patience for it has been wearing short of late. It's the same thing that ultimately chased me out of Thailand so I'm sensitive. Even though it's a nominal sum, it was something that was bothering me through the day. So I'm glad to hear that either I paid an appropriate amount or that I've company. :-)

I did get the registration process completed today. I had received a private message from another member who walked me through the process from his own experience. Much appreciated. As is so common here, my experience wasn't exactly the same as his but close enough to head me in the right direction. I got the serial numbers copied, secured insurance and made the appropriate copies. From there, I was notified I needed "confirmation" from the LTO because the previous registration was done in Bacolod, a different region than Dumaguete. I was also informed that I would need to have the bike inspected at the police station. Fortunately when I got to the LTO I met someone I knew and he waived all of that. It's always interesting to have so many variations to what should be a standard routine. It's also pleasant when things get easier because of "who you know". I'm not going to say more on a public forum but the process seems to be complete except for the waiting period for my or/cr to be created. The lesson I learned is to either buy new or buy from a dealer.

 

It is actually serious. I sold a motorcycle a week ago and I had to sign 3 times under my ID photocopy.

 

Exactly the reason why i dont mind to have the car not in my name...

 

Same here with my toy truck and old Yamaha bike. As long as you got the owners papers, not worth my time.

 

That's what I'v done with my car, had the car over 4 years no problems.

 

What are the advantages of changing the registration? With he old papers you can just renew every year, why bother? Or is this a bike you ant to sell one day?

Would not bother at all, like most locals dont bother. 'Just have a notary public do the selling papers and it is yours. (sorry, using the wrong names for sure for all the papers)

I would make sure it is registered yearly with his insurance comes with it. It is just not in your name.