Q2. What is the payment schedule?
The payment milestones for the car purchase are summarized in the table below.
| S/No. | Payment Milestones | Date |
| 1 | Booking deposit | Upon signing of sales agreement |
| 2 | CIF to overseas exporter | Before vehicle shipment to Singapore |
| 3 | COE bid deposit (if applicable) | Prior to COE bidding by seller |
| 4 | Customs excise duty & GST | Singapore customs clearance |
| 5 | Balance payment (less loan) | Before vehicle registration |
Q3. How long will it take before buyer can drive off the vehicle ?
Typically, it should take 3-5 months, depending on the origin of the car as well as whether it is a ready stock or a factory build vehicle.
Q4. What is the new car financing interest rate ?
Currently, the loan interest rate for new cars starts from 1.88%. To know the loan installment amount, you can try this loan calculator.
Q5. How long will it take for COE to be bidded ?
We offer a value-added service to bid for the COE on the Buyer's behalf though we do not profit from the process.
However, the Buyer can also opt to do self-bidding of COE.
You can view the latest COE bidding results here.
Q6. Does the vehicle come with any warranty ?
Yes, the vehicle that our company imports in for you comes with a comprehensive 3/5 years warranty coverage (terms and conditions apply).
For continental/Asian ICE vehicle models, the warranty programme will be underwritten by:
- QBE Insurance - authorized workshop: MBM WheelPower or,
- Liberty Insurance - authorized workshop: Optima Werkz
Contact Us to Find Out More