LTO TRANSFER OF OWNERSHIP AND REGISTRATION RENEWAL | Buying a Repossessed Car | Adulting Hacks

[@MiracleWinchester]

Girl, I've been going back to LTO since January 2020 and none of them could tell me the first step I needed to take. None of them could understand that I bought a repossessed-encumberred car and that I wanted to transfer ownership and renew my or/cr. FROM THE BOTTOM OF MY HEART, thank you for this video.

[@CharmdeLeon]

Awwee why don’t they know? 😞 you’re very much welcome 🤗

[@winricafort]

Very detailed and informative content. I hope you can also do video content of Transfer of ownership for hire/rental vehicles...More powers and Thanks!

[@valeriedc5802]

The proper term for "hazard triangle sign" is early warning device :) great insights, thank you!

[@CharmdeLeon]

Haha thank you!

[@trishapaniterce2715]

I'm just a recent subscriber and I already binged almost all your videos!! Love your contents soo much. I hope you make a video about books that helped you in your adulting life :)

[@CharmdeLeon]

Trisha thank you! Yes I’ve been meaning to make a video about content/books you can read/listen/watch

[@lesterdonesa2241]

Very informative and well explained 👏

[@graceestacio1213]

Thank you for sharing this. So informative and Eloquent ❤️❤️ very helpful

[@meng2821]

Grabe ang galing! Very informative and helpful. May I know how and where you got your own car insurance for the second hand car? Where to inquire? Thank you!

[@treborocsiad6331]

There should be a one stop shop in lto in transfering the name of car registration that included the hpg clearance since they can be connected online if the car has hits

[@CharmdeLeon]

trebor ocsiad I agree 😅

[@debtfreeF]

Another great video! My parents are looking into getting a new car so this was really interesting to learn about!

[@CharmdeLeon]

France - Personal Finance & Student Loan Debt oh cool! I hope the process is much easier there 😂😅

[@vladimirtrump1068]

great video.. thanks for sharing!

[@norfaisahabolais6765]

thumbs up, thanks for the informative video

[@joedirt8285]

gusto ko yong background music....nakaka-kamal, kasi ang dami palang kelangan, tapos wala ka pang control sa ibang documents,(sigh) thanks miss ready2adult!!

[@mhelmarvelouz31]

Always helpful content 😇😇

[@CharmdeLeon]

mhelmarvelouz 🤗🤗

[@geraldhammer1488]

I love your content very informative 🥰

[@estrellaancheta7301]

Thank you for those helpful tips!😊

[@CharmdeLeon]

Welcome! 🤗

[@MAKEMONEYMARK8]

interesting information on car transfers of repossessed cars!

[@CharmdeLeon]

JIM INCOME thanks!

[@jikarumiromoto5911]

Ang galing, thank you po.

[@JosephDTV]

Maam can you review bitcoin investing?

[@andrielouilustrisimo7898]

Hi! Very informative video! I have a question. We got our car from RCBC too and it's loan was also registered in the Registry of Deeds in Bohol. We need to cancel the chattel mortgage from the ROD. Did the bank completely handle the transaction with ROD? Did you pay extra fees for this? This is the only document we're missing now. I hope you can help. Thanks! :)

[@ponyboyyy13]

Thank you for this!!

[@maycee4888]

Hi Charm! For repo cars, will the banks give the photocopy of recent IDs of the previous owner? What if the IDs have expired since the car has been on the bank warehouse for quite some time already?

[@emersonluis5443]

Another useful content, by the way, your so pretty with your earrings 🐶

[@CharmdeLeon]

Emer Luis thank you ☺️

[@dooziech2652]

Hi, can I get the mortgage cancelled from NCR registry of deeds when it should be done in Nueva Vizcaya? The bank wouldn't help me with cancellation and Nueva Vizcaya is too far to go to.

[@antoniomalagayo1659]

nice and educational information for repo car...

[@viannefranchane9730]

Hello, I just bought a second hand car but the problem is the owner lost the original OR and what I have is only a photocopy of it. As for the requirements to obtain PNP-HPG clearance, I need the car’s original OR. Is it possible to renew the registration of the car before doing transfer of ownership? Can I renew the car if I’m not yet the owner? Cos’ I need a newly issued original OR for the HPG clearance. Hoping for your response, thanks.

[@KelvinWilson53]

The confirmation of OR/CR you say can be applied for online. We bought our car in Cebu but it was first registered in Manila so where online do we apply for the confirmation and do you know the particular form or code? Very helpful many thanks

[@madammaritesalert7092]

Saan po kaya pwedi mag follow up Yung akin kasi 1month and 1week ng on the Process ang transfer of ownership

[@shortafewbolts]

I'd rather walk and take the jeepney than go through all this. In other countries, after you finish paying your chattel, the chattel mortgage holder will send you the vehicle title stating it is free of any encumbrances. Very simple. No need for clearance. No need for multiple trips. Nothing.

[@wobbles47]

Well, as in anything, you have jump over a 6 foot pile of bullshit to get anything done in this country.

[@kenttipan7243]

Hello! Thank you so much for this video. I'd like to ask if is it required to transfer the ownership to my name or could I still use the car even if it is not registered under my name. If so, registration of not owned vehicle is possible? Thank you!

[@JelTravels]

Hello. Pank ung photocopy of 2 vakis id's if deceased na ung first hand owner? Pero meron kaming notarized deed of sale naman

[@hyperboytkl1077]

Recently I bought a 2nd hand car for 30 thousand pesos. (LANCER ‘81) I was excited due to it was my FIRST CAR! bought with my very own hard earned money saved for 2 yrs ! In too deep in my excitement, I didn’t look very well into the papers. And just decided to register it later. After a few brief checking, I just excitedly laid down the money and bought the car. Ang Di ko alam, I just found out by and by that the car I bought belonged to an original owner who had died in a serious accident involving the car itself and at the same time hitting a pedestrian dead in the process. And the car was just repaired. Plus, the original CR owner name was different from the OR. Now I even have doubts if the car was a stolen vehicle. Can you please kindly advice me how can I fix this? How can I register it?

[@watchoutmgamanloloko6479]

Very informative maam. Salamat. Ingon ana ra d i. 👍

[@richrich823]

@Ready2Adult, no need to go to the Registry of Deeds?

[@JayBar2526]

Hello @Ready2Adult - one question lang pls.. where’d u get your insurance?

[@CharmdeLeon]

This company called Stronghold Insurance Company haha

[@JayBar2526]

@@CharmdeLeon tyvm

[@Storiespredictions]

Ms charm, pa help naman po.. Can I make my own deed of sale then notarize it?

[@xxxcarljung2020]

Hi, thanks for the valuable info. Btw, do we need to present an original secretary's certificate? Because the bank only provided me with a photo copy.

[@CharmdeLeon]

That should be fine 😊

[@xxxcarljung2020]

Thanks, really helpful :)

[@xxxcarljung2020]

Hi, follow up question though, since the car has been voluntarily surrendered and was already the bank's property, do we still need the previous owner's ID photo copy? Or will the IDs of the employees from the bank who sold the unit suffice?

[@CharmdeLeon]

@@xxxcarljung2020 the bank provides photocopies of the IDs of the past owners (along with 3 signatures)

[@jhebsbarliso4777]

Hi maam..quesrion lng po...sino po nag process ng papeles nyo po sa registry of deeds doon sa bohol?at saang branch ng LTO po kayo nag pa remove nang "encumbered" sa Certificate of Registration ng kotse nyo po? Nakabili din po kasi ako ng repo unit dito sa cebu,pero yung unit ay sa TACLOBAN naka rehistro,pati rin sa Registry of deeds sa TACLOBAN din...kuha lang po ako ng idea sa inyo po maam..salaamat po😊😊

[@divinefernandez1588]

how much did you pay for the Deed of Cancellation? or did the bank already paid it? Did you have to go to the the Registry of Deeds and did you pay any fees before they stamp a release notation on the Release of Chattel Mortgage as proof that your vehicle is already free from encumbrances?

[@zellflux]

hello may nkala alam ba gano katagal ma receive confirmation ng CR from LTO where the car was registered?. bought a repo car here in northern luzon .CR was registered in Naga. i am just wating sa confirmation . thank u

[@SalmoRibby]

Thank you very much!! :)

[@CharmdeLeon]

Hellforge Clandestine thank you, too!

[@domalexus1991]

Yung hurdle # 2 maam is applicable lang pag repossessed?

[@roy5335]

Mam matanong ko lang po pano poo kapag ung last owner na nasa deed of sale ay magkaiba sa last owner na naka reghistro. maitatransfer of ownership ko parin po ba yun sa pangalan ko?

[@vinxmorillo7116]

Hello maam, if yung nakuha mo unit sa repo car ay 2016 pa nka registro sa lto, sinu mag hahandle ng penalty incase? planing to buy repo car. thanks sa sagot

[@CharmdeLeon]

You just bought it? If sa deed of sale kakabili lang maybe walang penalty. But nag expire na kasi yan 2019 (3 years initial registration brand new). Buyer usually mag hahandle nyan if hindi na renew agad

[@boleroakoable]

ano po yung endorsement letter from insurance company? ty

[@TheGoodEggLog]

Hello Mam, Do I need to transfer Insurance under my name prior getting LTO transfer of ownership? Or it's okay as long as the Car Insurance is still updated?

[@crislynsorongon2525]

Hi Mam, thinking about buying a repo car and intend to sell it for a little profit. Is it’s better not to transfer it to my name immediately so the next owner will transfer it to his/her name instead? Do banks allow open deed of sale? Thank you for your response in advance. 🙏

[@boleroakoable]

maam tanong ko lang san nakukuha yung endorsement letter from insurance? sa LTO ba yon or don sa insurance ng previous owner. maraming salamat

[@eugeniodelacruz7858]

Hi your video is considered informative and useful! May I please ask if it is safe to buy repossed car from a reseller on the basis of the alleged "gate pass" and "receipts" only? What is the standard or legal basis in executing a deed of sale on this nature of sale transaction? Your reply hereon will certainly help in my decision making. Thanks so much.

[@CharmdeLeon]

Hello! For this I’m not sure. I would always recommend going to the bank to purchase repossessed cars since the free marker it not regulated.

[@mikka19900908]

hi may encumbered pa rin ba dun sa original c.r na galing sa bank nung binigay nung bank sayo yung original c.r?

[@CharmdeLeon]

Yes, you have to process the release of chattel mortgage.

[@charlonignacio1519]

I just saw this video, can you confirm if you also need to have affidavit of warranty? LTO in Diliman note that I need the affidavit of warranty.

[@sherylsiozon7887]

I have signed also an affidavit of warranty. The previous owner asks for me to sign ....Is it included in the requirements?

[@dirkswish31]

What if the person has no TIN number?

[@anyeonghusky7981]

Kung nkaname sa asawa n babae ang car or motor at married need ba talaga ng I.d ng asawa na lalaki sa pagtransfer?

[@MaiCenMag]

What if the repo car is still under loan but needs to renew the registration? Thank you.

[@CharmdeLeon]

You can just do the renewal part. Emission testing, stencil, LTO

[@MaiCenMag]

@@CharmdeLeon Thanks!!

[@Gypsypepper1623]

Hi ma’am ano po na yung Original OR representing notarial? Repo car owner po ako. Thanks!

[@rizaldyocampo230]

Gd pm poh.mam tanong kulang poh Mother file ng CR ko sa qezon city.cia pupunta ba ako doon.para mapa changes owner nasa pampanga poh ako.slmat poh

[@christophercabo3924]

22 minutes info for LTO of ownership and registration transfer?

[@user-vl7nf3mr1y]

Who will give and sign the deed of sale? If the car is repo from bank...thank you

[@CharmdeLeon]

The bank will provide this and you have to sign it (if you're the one buying). They will also have all the papers from the prev owner.

[@tsgeverpperezpaf1989]

mam taning ko lang nakabili po ko ng repo car year 2018 pero di ko pa po na pa transfer sa name namin it is ok lang ba mam, tnxs

[@elthonmalinao7977]

Good evening po Maam. This is Elthon Malinao po from Cagayan de Oro City, Mindanao. tanong ko lang po regarding transfer of ownership. Kasi ganito po, naka bili po ako ng sasakyan under po kay owner A and ito po ay naka leased. Si Owner A po sinurrender nya kay Toyota financial. Binenta ni Toyota ulit ang unit kay owner B at si owner B binenta sa akin ang sasakyan. Si A po may voluntary surrender with special power of atty to sell sya at si owner B may deed of sale po sila with Toyota and secretary certificate. After po from B to my name may deed of sale naman. Pano po ba ito itransfer from owner A to my name? Thank you po.

[@CharmdeLeon]

Some people do a similar thing where they buy repossessed cars and leave the deed of same blank. Check if you can use the documents from Owner A. Since it’s their name in the CR, you will need the documents. ID, etc from them. Gather all the documents from Owner A, B, and Toyota and assess what else you need (chances are, you need all of those po)

[@elthonmalinao7977]

@@CharmdeLeon Noted. Thanks Maam.

[@calvinmonteser1335]

Hello po ask ko lang po, paano po pag patay na po yung first owner ng car? pang 4th hand na po ako sa kotse and gusto ko po ichange name pero dead na po yung unang may ari

[@MrHart450]

Hello, Thanks for the upload. May I ask how did you get all the pervious owner information? Did the bank have all the information. Or did you have to contact and locate the pervious owner to get all their requirement? Salamat Po

[@CharmdeLeon]

They were all provided by the bank. They het all these documents when the previous owner surrenders the vehicle

[@nebrej]

Mam.. ung mga requirements for HPG clearance.. need show lang ba PNPHPG? or kukunin/need nila ng photocopy of each document? like signed photocopy ng ids from 1st owner?

[@Jerryl07]

Hi! Just for clarification, will I also need 2 valid IDs of previous owner as requirement for reposssed cars? If so, will the bank provide those?

[@CharmdeLeon]

Yes. You need 2! The bank will provide these. You don’t need to have any contact with the previous owner anymore ☺️

[@Jerryl07]

@@CharmdeLeon thank you 😁

[@CharmdeLeon]

@@krizlstudio yes :)

[@rexduhaylungsod7550]

Hi po regarding sa valid IDs ng previous owner, you mentioned about these should be not expired. Do you mean not expired on the date of the deed of sale or should be not expired on the date of transfer?

[@jcsanmateo1321]

Hi just want to know how many months did it take bago na natapos ang process po planning to buy a repo car din thanks

[@CharmdeLeon]

You can do them in a month’s time naman as long as you have all the requirements

[@JALT0820]

thank you for this.. really helpful. nice content! ❤️

[@CharmdeLeon]

JA LT thank you!

[@irenedayson2780]

Hi po. Can I user this process if i have encumbered CR?

[@CharmdeLeon]

Yes!

[@jennyonde101]

Hi Ma'am, I bought my repo car last year from PSBank, since wala po kami naging communication ng previous owner, need pa rin po ba makahingi ng photocopy ng ID's nya?Bank na po ang nagbigay ng mga documents.Thank you.

[@CharmdeLeon]

Bank na magbibigay nun. They collect those before embargo.

[@ricoangelopareja3402]

Okay lang po ba maam kahit walang TIN number ?

[@renegabs1156]

Hi madam, is it true na wala na ini issue na sticker ngaun ang lto after renewal

[@johniellezapanta2913]

Hello maam, Ask ko lang po, Kumuha po kase kame repo car by financing sa isang dealer. Then, free napo sa dealer ang transfer of ownership. Kaso yung orig orcr is sinend lang by picture thru messenger. Ok lang po ba ipresent on checkpoints ang orcr printed from pictured on cp??? Thankyou in advance maam!

[@clarencemercurio1833]

Panu po kaya kung galing sa visaya yung cr? Nabili sya sa bnko d2 luzon as repo car. Panu po ilipat sa new owner yung cr? Nid po ba madala yung kotse sa visaya? Or khit hnd na?

[@shaunrenomeron7243]

Hi yung ctpl na kinuha mo sayo na po nakapangalan?

[@CharmdeLeon]

Yes!

[@pablovitozach5007]

Hello mam question lang po same po ba ang requirements if nakuha ko ang secnd hand car ko frm a car dealer?

[@CharmdeLeon]

Mostly, yes ☺️ (No release of chattel mortgage if car is not encumbered by the bank anymore)

[@user-lb5zl2dz8z]

Odd question. Soooo do I have to track down the previous owners for their ID photocopies (With signature)? Or provided na siya by the bank. :)

[@CharmdeLeon]

These are all provided by the bank :)

[@user-lb5zl2dz8z]

@@CharmdeLeon Cool! Thanks for the fast response! :D Awesome content, btw. Keep it up!

[@jojiesantos9961]

How much did you pay for the chattel mortgage release po?

[@CharmdeLeon]

It was free ata!

[@leebrianibuna2519]

Mam nakabili ako company car..ung nakalagay sa CR eh ung company name..sino ba dapat pipirma duns sa Vendor sa Deed Of Sale?

[@CharmdeLeon]

You will need a secretary’s certificate attached to the deed of sale.

[@leebrianibuna2519]

@@CharmdeLeon i already have the secretaries certificate..my question is sino po pipirma dun sa vendor ng deed of sale..is it the secretary also?

[@CharmdeLeon]

@@leebrianibuna2519 authorized BOD/corp sec

[@leebrianibuna2519]

@@CharmdeLeon Thank you mam

[@mjtups6994]

Saan niyo po nakuha yung car insurance policy niyo?

[@CharmdeLeon]

Stronghold :)

[@millionadollarbaby666]

How much it is the total cost ng xfer kung hindi Repo?

[@crisantoquerido6291]

Hi po, i bought a brand new car through car loan, but i am in doubt because of some scratches that i have noticed few days after the car is released, meron din po ciang mark ng wiper sa wind shield, an indication na prang matagal na ciang na tint despite sa cnsbi ng casa na kakatint lng prior to the delivery of the unit. My chance po ba na kayang palabasin ng casa na brand new ang unit even if it is already used? Salamat po sa sasagot. Godbless...

[@CharmdeLeon]

Hello, if from casa then it’s probably new but maybe it was used for test drive, etc. You should be able to see this sa car registration or by checking sa lto (text “LTOVEHICLE *plate number*” send to 2600

[@crisantoquerido6291]

@@CharmdeLeon tnx mam...

[@johnpaulzosa3642]

Hi, thank you for this video i recently bought a reprocess car last month 09/25 I assume that since the video was posted 3 weeks ago same parin naman siguro requirements noh?

[@CharmdeLeon]

Yes. It should be ☺️

[@bachuteric3626]

Ibang video naman yung para sa reprocess car. Stay tuned for it.

[@dangaoron]

People? ano ba dapat ko unahin, transfer of ownership o renew registration muna? edi parang magdodoble ako? what's the best way?

[@CharmdeLeon]

Pinag sabay ko na yung akin

[@jaennepaulinebangco3673]

Hi mam, ask ko lang po. Bumili din po ako ng repossessed car pero nabili ko po sya sa tao na nag bibid po sila. Yung bumili po ba or ung nag bid ang dapat may process ng cancellation of mortgage? Thank u for ur response

[@jmabinal1297]

Hi po kakabili ko lng ng reposses car, tanong ko lang po kung kaylangan ko pang i pa cancel ang chattel mortgage sa registry of deeds? or pwde na yung release of chattel morgage na notorized na binigay skin ng bank? sa isabela po ksi naka register yun binili ko na car sa manila ako nakatira. thank you sa sagot

[@CharmdeLeon]

Needs to be cancelled. Bank should be able to help you with that. I shipped mine also because it was registered in Bohol

[@DreyDope]

I thought the bank will do those for you. Thanks Edit: So you can't drive it until you got it transferred and registered to your name?

[@CharmdeLeon]

You can. I drove mine for a year before changing the name.

[@jlsscrts]

Hi R2APh, we went to HPG and showed our requirements for a car we bought from a person who bought it as a Repo from the bank. HPG told us to process a payment on the Registry of Deeds even though we already have a notarized Cancellation of Mortgage from the bank. Is this the same with your experience before? Thank you

[@CharmdeLeon]

Yes. The cancellation of chattel mortgage is to be shown to the registry of deeds. ☺️

[@jlsscrts]

@@CharmdeLeon We missed this step but the police officer in HPG explained it to us clearly. Thank you and God bless!

[@gialima8980]

thank you

[@MarTxGaming]

Hello po mag ask lang po sana ako . Sana matulungan nyo po ako. planning to buy a repo car po kase model nya is 2017 so expired na po ang registration nya..is it ok po ba to travel a newly bought repo car from bank with an expired registration? Or bago ko po ilabas sa warehouse ng bank need ko muna iparegister ang car? Ty po

[@CharmdeLeon]

It should be okay because you’ll have to drive that to the Crime lab for inspection.

[@annfrancesc5114]

Hi, also bought a used car, The OR CR was transferred to my name last 2018, will the renewal be from the date it was transferred or the initial registration date which was back in 2017?

[@CharmdeLeon]

It should be renewed every year. Month based on the LAST digit of your car. 1=January and 0=October. If you didn’t renew last 2019, you’ve been driving with expired OR (illegal), and will be charged penalty :(

[@CharmdeLeon]

Example, : ABC 123 (3=renew EVERY March)

[@borjok536]

how long does it take? i bought a repo car and until now i have not received update from the dealer where we got the car...its been already 2 weeks now..

[@zyraleyva3211]

Will the registration date be changed if you transferred the ownership?

[@hydensikk3041]

I thought if you buy a repossessed car from a bank, the bank will handle all the documentation =/

[@CharmdeLeon]

They did provide me with everything but the changing of name would be our job because a lot of people buy a repossessed car and resell it so they don’t transfer ownership to their name

[@hydensikk3041]

@@CharmdeLeon ooh. make sense. thanks!

[@bombetnato2533]

Sa nag lalakad deto nang ur Sr para malipat pangalan ko pa update ako

[@keso2335]

Hi, lahat po ba na nabibiling sasakyan na repo ay hindi maipapangalan sayo na bibili?

[@CharmdeLeon]

Yes, Repos are previously owned by someone else

[@elvieranostv4745]

Stencils

[@travellfromphilippines8065]

Nhiya po b kyu mg tgalog national language

[@CharmdeLeon]

No but tagalog is my 4th language. I’m Bisaya and more comfortable speaking in English. Unless I’ll speak Bisaya and Tagalogs won’t understand, kawawa naman.

[@travellfromphilippines8065]

@@CharmdeLeon ah ok po

[@romyalonzo1721]

TRANSFER CR OWNERSHIP name OF gift company car

[@CharmdeLeon]

It would more or less be the same except you need a secretary certificate from your company.

[@googlesecurity2955]

What the heck, I'd prolly buy a new car instead.

[@silversurfer9588]

Wow, soooooooooooooooooooooooooo many steps. What a pain in the ass.

[@SemjhapetAlviar-xi9or]

Volunteer 😂 by

[@gamerRN112]

Sumakit ulo ko hahahaha damii

[@stvarq]

After all those requirements and the hassle you've been through, I'd rather let the fixer take my 15K.

[@CharmdeLeon]

All the requirements are already given by the banks, and fixers are illegal so 🤷🏻‍♀️

[@leks7954]

You're probably the same guy who'd rather pay the fixer for a driver's license.

[@rhayanhamoy4070]

Americana pala to d k masabtan ug tarong,