Thoughts of a Semi-Retired Oil and Gas Executive now in the NGO space

My Experience with the LTO and PNP TMG I pass on what happened when I personally went and did all the steps needed to transfer ownership of a car.  I would like to help you in the preparations and save time in the process.  There are similar articles in the web but they did not give all the gory details on the steps.  This does.  I am not sure if the processes are the same in the other LTO offices so please adjust to local idiosyncrasies.... Transfer of Ownership of Motor Vehicles The company will provide all the transfer documents. Apart from the formal transfer document, these include Corporate Secretary's certificate, CTC of company, photocopies of the Corporate Secretary and responsible officer who signed the transfer document. It should also include the Original OR and CR.  Note: Do the transfer as close to the date as the required date for renewal of registration and ensure you get insurance coverage (CTPL as minimum).  If it is still a f...

Unless you are the top 1% of society, we normally by cars using bank loans.   After the final payment is made, you have a feeling of great satisfaction.  The car is mine!!  Don't celebrate too soon, you still need to get the encumbrance removed before it is "really yours" and if you want, before the vehicle can be sold!  Again, I decided to do it myself and experience what it is really like.  As usual, I looked at the internet to list down the key steps and I they are quite accurate, but it doesn't give the time element and some subtle items - like making sure you really check your documents!.  I did three cars at one time so I was also able to compare bank performance.   So, let me share my experience on this process.... Removal of Chattel Mortgage vehicles After you pay your loan to the bank: Wait for advise from the bank on when you can get the original OR/CR, loan contract, certificate from the bank that loan is paid and that they agree ...