Selling a company-owned car in the Philippines involves more than just finding a buyer. Since the vehicle is registered under a business entity, there are additional steps, documents, and approvals involved. Whether you're liquidating company assets or refreshing your fleet, knowing how to properly sell a company car can save you time, money, and legal headaches.

This guide breaks down everything you need to know.

What is a Company Car?

A company car is a vehicle registered under a business or corporation’s name rather than an individual. These cars are typically used by employees or executives for official duties or as part of employment perks.

Common types of company vehicles include:

1. Fleet cars used by sales or operations teams
2. Executive cars for managerial staff
3. Logistics vehicles such as vans or pickups
4. Service vehicles used for daily business tasks

Because the car is registered under a business name, selling it requires company-level authorisation and documentation, unlike privately-owned vehicles.

Step-by-Step Guide to Selling a Company Car in the Philippines

1. Check the Ownership and Registration

Start by verifying that the car is:

1. Registered under the company’s name
2. Free from any LTO violations or encumbrances
3. Fully paid off, especially if it was financed

Tip: If the car is still under loan, secure a loan clearance from the bank and ensure the LTO encumbrance has been lifted before proceeding.

2. Prepare the Required Documents

Here’s a checklist of what your business will need:

From the Company:

1. Original Official Receipt (OR) and Certificate of Registration (CR)
2. Secretary’s Certificate or Board Resolution allowing the sale
3. Valid government-issued ID of the authorised signatory
4. Deed of Absolute Sale signed by the authorised person
5. 2 valid IDs with 3 wet signature of authorised signatories

Tip: Make sure the signatory listed in the Secretary’s Certificate is the same one who signs the deed of sale to avoid processing delays.

3. Set the Right Price

Company cars are usually depreciated assets, so pricing should reflect:

1. Age and mileage
2. Wear and tear from operational use
3. Maintenance history
4. Market demand for the specific model

Tip: Use Mobee’s free vehicle valuation tool to get a fair, market-based price before listing the car.

4. Get the Vehicle Inspected

Most buyers — especially dealers — will request a full inspection. Mobee offers free inspection services where professionals assess the car’s condition, helping you:

1. Identify repairs worth doing before sale
2. Build buyer confidence
3. Speed up the sales process

Tip: Present maintenance records (oil changes, brake replacements, etc.) to justify your asking price.

5. Close the Deal and Transfer Ownership

Once you've found a buyer:

1. Sign the Deed of Absolute Sale (DOAS)
2. Go to the LTO for the transfer of ownership
3. Submit all required documents, including the company’s legal papers
4. Pay any LTO transfer fees and taxes

Tip: Use Mobee’s end-to-end assistance to skip the hassle of coordinating with the LTO yourself.

6. Cancel or Transfer Insurance

Once the sale is complete:

1. Cancel the current insurance policy
2. Issue an Official Receipt to the buyer (if VAT-registered)
3. Keep a signed copy of the deed for your records

Tip: Notify your insurer in writing so the business is no longer liable for future claims involving that vehicle.

Why Businesses Choose Mobee Cars

Mobee Cars Philippines is trusted by businesses of all sizes for seamless, compliant vehicle disposal:

✅ Instant valuation

✅ Free inspection

✅ Paperwork support

✅ Trusted buyer network

Ready to sell your company car?

Let Mobee handle the legwork while you focus on running your business. Visit ph.mobeecars.com or contact us to get started.