toyota change of ownership

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When moving your vehicle to another state, contact your insurance agent to ensure that you have proper coverage. You should also contact the DMV about registration and other necessary paperwork. In most cases, Toyota Financial Services (TFS) does not allow you to move your vehicles outside the continental United States and Alaska.

Ideally, you shouldn’t drive a car or motorcycle in the Philippines if it's not under your name. Likewise, it would save you a ton of trouble down the road if you ensure that the ownership of a vehicle you used to have is properly transferred to the new owner.

Processing your vehicle’s LTO transfer of ownership is just as important as registering your car with the LTO. It’s a shared responsibility between the buyer and seller that must be prioritized as soon as the sale has been finalized. 

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Transferring car ownership serves a purpose beyond simply notifying LTO of any changes in the ownership of a vehicle. With the Registered Owner Rule[1] in place in the Philippines, the LTO transfer of ownership ensures that any sense of responsibility or accountability associated with owning a certain vehicle is assigned to the correct person. 

The Registered Owner Rule states that the registered owner of a vehicle is liable for any damage or injury caused while the vehicle is running on public roads or highways. This rule protects the public interest by simplifying the process of identifying who is accountable for any road mishap. Likewise, it stresses the urgency of immediately doing the paperwork for the LTO transfer of ownership. 

Below is a guide on how to transfer ownership of a vehicle in the Philippines. If you’re wondering if the process applies to all vehicle types, the answer is yes—motorcycles are not excluded.

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