You need to earn at least
$8,850 to own a car in Singapore. If you’re looking into buying a car, you will need to pay the Certificate of Entitlement (COE),
road tax, the Additional Registration Fee (ARF),
car insurance and…
Goods and Services Tax (GST).
Singapore so Expensive Pay Unless you can pay in full cash, most car owners will take up a
car loan to finance their vehicle. But, this would also mean you will need to consider the interest rates, loan amount and tenure etc. Let’s take a look at the best car loans in Singapore!
TL;DR: Best Car Loans in Singapore Based on Car Type (2022)
We’ve shortlisted the top three car loans for you.
New Cars | Interest Rate (p.a.) | Loan Tenure (Years) | Min. Loan Amount |
Hong Leong Finance New Car Loan | 2.48% | 1 to 7 | $10,000 |
OCBC New Car Loan | 2.48% | $15,000 |
...