[GUIDE] Sample Deed of Sale for the purchase of motor vehicles in the Philippines

These days, buying a used or second-hand vehicle has never been easier. This is due in large part to the proliferation of websites and social media pages that feature sellers looking for prospective buyers online. Gone were the days when it was a necessity to deal with a broker in order to look for a vehicle that suits your unique needs, distinct taste, and budget. Today, all it takes is a quick search online and you're pretty much set.

But the ease of looking for the motor vehicle you want and the attendant simplified transaction schemes come with their own disadvantages, too. Some of these include the difficulty of determining a genuine seller/buyer from a scammer, the truthfulness of sale ads, and the trustworthiness of the seller/buyer.

As such, buying and selling motor vehicles require prudence, foresight, and some degree of intelligent precaution. One way of exhibiting these traits is by making sure that the seller executes a duly notarized deed of sale of motor vehicle in favor of the buyer.

So how does a deed of sale of motor vehicle look like?

Below is a sample deed of sale of motor vehicle:

As you can see from the template above, a deed of sale of motor vehicle requires far more details pertaining to the motor vehicle being sold as opposed to a regular bill of sale of personal property. This is because in contrast to regular personal property (such as, say, appliances or furniture), motor vehicles cost significantly higher and are imbued with greater public interest and are therefore subject to more stringent regulation.