Good news Partners, LTFRB is now allowing TNVS Accreditation for leased vehicles in Uber!
A while back, there were rumors that LTFRB DID NOT allow leased vehicles (those under in-house financing like Toyota Finacial Services or TFS) to get TNVS Accreditation. Marami sa atin ang natakot na baka mawalan tayo ng kabuhayan at mahatakan ng sasakyan dahil sa Uber natin kinukuha ang panghulog ng sasakyan (kasama na po kami doon 🙂 .
According to LTFRB Memorandum for TNVS, the Vehicle Owner should be the TNVS Applicant (as reflected in the ORCR). There was a technical issue since the ORCR for leased vehicles reflects that the owner is still TFS and the vehicle is just being “leased to” or “encumbered to” the owner until the car is fully paid.
UPDATE: We got word from Uber Philippines that other leased vehicles (be it banks or in-house financing from other dealerships even not TFS) are also allowed by LTFRB to get CPC Accreditation. However, they haven’t given us the details and procedures how to go about it. We’ll update you once we get the details. But still, a good news for us! 🙂
BUT WORRY NO MORE!
LTFRB, Uber and Toyota Financial Services came to a solution to allow leased vehicles in Uber to get TNVS Accreditation.
Uber needs to acquire a Certificate of Conformity from TFS on behalf of the partners with TFS leased vehicles and submit it to LTFRB.
All we need to do as Partners is sign the consent sent via email (see photo).
If you are an existing Uber Partner and have submitted your TNVS Accreditation requirements, you should receive an email from Uber with the subject “Drive Using Your Leased Vehicle”. Check your email and sign immediately so Uber can process your CPC.
Want to know what CPC and LTFRB Accreditation means for you as an Uber Partner? You should read this.
Maraming Salamat po for the consideration LTFRB and Toyota!
Marami po kayong mga drivers at partners na matutulungan. Asahan nyo pong patuloy kaming magbigay ng 5-star na serbisyo sa ating mga riders!
Saludo po kami sa inyo!
P.S. Meron ka rin bang leased vehicle na 3 years old or newer? You can now sign up with Uber and be your own boss! Here’s a step-by -step guide on how to be an Uber Partner. Let us know if you still have questions.