PRESIDENT Ferdinand Marcos Jr. has approved the proposal of Transportation Secretary Banoy Lopez to extend the validity of registration for new vehicles and motorcycles to five years, from the current three years.
Secretary Lopez stated that the President agreed to the proposal because extending vehicle registration to five years would make it more hassle-free for vehicle owners. He also noted that since many car dealers now offer longer warranties on new vehicles, the validity of their registration should also be longer. This move aims to avoid long lines at the LTO for renewals and address issues of fixers and corruption, prioritizing public convenience.
The Secretary clarified that only brand-new vehicles and motorcycles will have a five-year registration validity. After this, vehicle registration will still be renewed annually, with a roadworthiness check in the fourth year to ensure that vehicles on the road are in good condition, as per the President’s instruction.
Secretary Lopez appealed to car dealers and the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) to make the five-year registration of brand-new vehicles free to help motorists save money. The DOTr and LTO are expected to issue a Department Order and Memorandum Circular on the new policy, with a target implementation date of February 15.
metrosundaily
