Agent008 2nd Gear November 10, 2017 Share November 10, 2017 How to change vehicle ownership from father to son? I call lta. Lta say must change insurance. I call car insurance, insurance say must change vehicle ownership at lta first. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Soya Supersonic November 10, 2017 Share November 10, 2017 Insurance not transferable. Gotta transfer car ownership w LTA first. Son has to get own cover note for the insurance b4 can do transfer Car ownership on log card will count as 2 owner. Doesn't matter if Father to Son, Daughter, granmarder, etc Link to post Share on other sites More sharing options...
Atrecord Supersonic November 10, 2017 Share November 10, 2017 Insurance is not transferrable, so need to get new insurance for the car. Only with new insurance's cover note, then can do the transfer at LTA. Need to pay $$ for transfer, just like buying/selling car. While insurance is not transferable, the NCD might be transferable, if applicable. Some insurance companies will allow, while most will not. So if the father has 50% NCD, and is not planning to get another car within the next 1 year, can ask to transfer the NCD. 1 Link to post Share on other sites More sharing options...
Andyngps 5th Gear November 10, 2017 Share November 10, 2017 (edited) In the past it is doable. For current, I would say just keep the dad's name and you are the additional driver. Else next time you sell to dealers they will take it as 3rd hand. Edited November 10, 2017 by Andyngps Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged November 10, 2017 Share November 10, 2017 go apply insurance in your name and pay the premium. Insurance issue you a cover copy of your insurance. With this go to LTA with your dad to fill up transfer form, pay $11 transfer fee and the car is under your name... i am assuming no loan on car If there is loan, settle loan then after 1 day see above. I think no need transaction pin from bank since your dad going down with you, please ask bank to confirm if loan but no money settle loan, i think just remain your dad name better 4 Link to post Share on other sites More sharing options...
Tianmo Hypersonic November 10, 2017 Share November 10, 2017 what @galantspeedz mentioned is correct. loan must clean before transfer can be done, no matter father/son or strangers. buyer (son) need to buy insurance on the car before transfer can be done. Once loan cleared, insurance bought, both father and son just go to LTA office with IC to do the transfer, payment over counter is $11. please also check that road tax is up to date. after that father call insurance company to cancel policy. 1 Link to post Share on other sites More sharing options...
Soya Supersonic November 10, 2017 Share November 10, 2017 Wah sei....MCFers can give better explanation than LTA. Kudos 4 Link to post Share on other sites More sharing options...
Ahbengdriver 6th Gear November 10, 2017 Share November 10, 2017 LTA so funny. Chenghu is Chenghu. Father to son is no different from seller to any buyer. Just follow that. Obviously car ownership must have insurance cover. Loan must be cleared before sale/transfer. 1 Link to post Share on other sites More sharing options...
Terrylmt Supercharged November 10, 2017 Share November 10, 2017 How to change vehicle ownership from father to son? I call lta. Lta say must change insurance. I call car insurance, insurance say must change vehicle ownership at lta first. What's the intention to change ownership? Is your dad getting on and the quoted insurance premium is now getting too high? Or is he thinking to reduce his liability (i.e. reduce loan for improving credit bureau report)? As detailed by so many helpful members here, there is the question of outstanding loan on your existing home - not as straightforward and just transferring the name over to you even if you are the one servicing the loan for your father. So, just to be clear, the steps you need to execute to effect the change are exactly as per how you would purchase a car from any third party. Existing loan must be settled with the finance company; concurrently, you have to secure a new loan with another (or the same) finance company - this is to trigger the Form B release to LTA for them to perform the transfer. Apply for new insurance under your name - and check if you can transfer your father's NCD over to you. Head down to LTA with both your original NRICs, your insurance certificate and a completed Form M01 (Download it here) and pay $11 for the transfer. DONE! Hope that helped. 4 Link to post Share on other sites More sharing options...
Agent008 2nd Gear November 21, 2017 Author Share November 21, 2017 What's the intention to change ownership? Is your dad getting on and the quoted insurance premium is now getting too high? Or is he thinking to reduce his liability (i.e. reduce loan for improving credit bureau report)? As detailed by so many helpful members here, there is the question of outstanding loan on your existing home - not as straightforward and just transferring the name over to you even if you are the one servicing the loan for your father. So, just to be clear, the steps you need to execute to effect the change are exactly as per how you would purchase a car from any third party. Existing loan must be settled with the finance company; concurrently, you have to secure a new loan with another (or the same) finance company - this is to trigger the Form B release to LTA for them to perform the transfer. Apply for new insurance under your name - and check if you can transfer your father's NCD over to you. Head down to LTA with both your original NRICs, your insurance certificate and a completed Form M01 (Download it here) and pay $11 for the transfer. DONE! Hope that helped. Then what about road tax? Need to pay first before paying coe pqp? Link to post Share on other sites More sharing options...
Terrylmt Supercharged November 21, 2017 Share November 21, 2017 Then what about road tax? Need to pay first before paying coe pqp? You definitely need to have a valid road tax.. and should renew it if it is due or overdue... But as long as it is valid during time of transfer, it shouldn't matter.. Link to post Share on other sites More sharing options...
UncleAtas Turbocharged November 21, 2017 Share November 21, 2017 How to change vehicle ownership from father to son? I call lta. Lta say must change insurance. I call car insurance, insurance say must change vehicle ownership at lta first. When LTA say must change insurance, doesn't mean TRANSFER to your name. It means, you get your OWN insurance under your name. 2 Link to post Share on other sites More sharing options...
Agent008 2nd Gear November 25, 2017 Author Share November 25, 2017 Thanks all. I got my own insurance and did vehicle tsf at $11. HDB haven't reflect my new ownership though. Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged November 25, 2017 Share November 25, 2017 Thanks all. I got my own insurance and did vehicle tsf at $11. HDB haven't reflect my new ownership though. HDB? Link to post Share on other sites More sharing options...
kdash Supersonic November 25, 2017 Share November 25, 2017 HDB?i think he means LTA? Link to post Share on other sites More sharing options...
Agent008 2nd Gear November 25, 2017 Author Share November 25, 2017 i think he means LTA? LTA already updated. HDB also has a space for My vehicle but it is not updated in yet. 1 Link to post Share on other sites More sharing options...
Dilemma 5th Gear November 25, 2017 Share November 25, 2017 LTA already updated. HDB also has a space for My vehicle but it is not updated in yet. It works the other way round. You have to update HDB on the change or apply for a new season parking under yr name. 1 Link to post Share on other sites More sharing options...
alex976 5th Gear October 6, 2019 Share October 6, 2019 Guys need to check what is the LTA procedure for transferring car plates between family members? ↡ Advertisement Link to post Share on other sites More sharing options...
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