Both seller and buyer should arrange for a meet up to view the vehicle, and to confirm the deal. A sales agreement will need to be signed, and a deposit placed to confirm the deal. We will help you to process the rest of the paperwork once you send us the signed and completed sales agreement here. The sales agreement can be downloaded here.

Not necessarily. Should you need assistance on how to fill out certain forms, or instructions on proper procedures even before signing the sales agreement, we can facilitate the signing of the sales agreement at our office. The sales agreement can be found here.

By liaising with both seller and buyer to get the necessary paperwork for processing, we can provide the full suite of transaction services:

• Ensure all payments from buyer to seller are proper
• Ensure proper documentation of process
• Full settlement of seller's outstanding loan
• Sourcing the buyer's loan and insurance
• Seller's insurance cancellation and refund
• Transfer of ownership
• Vehicle number plate retention

Service fees may apply depending on buyer's loan requirement and on a case by case basis.
Please contact our customer service officer for more details.

Preferably not. If your loan is not applied through Sgcarmart Connect or Sgcarmart Smart loan, we may not be able to smoothly facilitate the process. Please contact us if you wish to use our services but prefer to source for your own car loan and we will advise accordingly.

Yes. Alternatively, we can provide you with competitive quotes from various insurance companies for your comparison. Do note that for non-Sgcarmart advertised vehicles, there may be a fee for using Sgcarmart Connect if your insurance is not applied through us.

Car loan interest rates are 2.78% for used cars, 3.4% for commercial vehicles and 3.18% for renewed-COE vehicles. We work with most major banks and credit companies in Singapore to bring you the most competitive rates. Do let us know if you have a preferred bank.

Yes. We can assist with number retention and applying your retained number to your new vehicle. We do not charge for this service, but if you require us to submit the documents to LTA on your behalf, there will be third party dispatch fees (S$15 per trip).

Yes. We will settle your outstanding loan for you once the vehicle handover is complete. This process typically takes 2 working days.

Yes. Once the vehicle is handed over, you can cancel the insurance. We can also assist with the cancellation upon vehicle handover. The refund will be issued and mailed to you by the insurance company typically within 2 months.

We also provide COE renewal services for customers who are keen to renew the COE for their existing cars.
For more information on this service, please go to sgcarmart.com/renewcoe.

Salaried employee application

1. Vehicle Sales Agreement
2. Complete loan application form
3. Buyer's NRIC/FIN (front and back)
4. Proof of income for employees (any of the following):
• 12 months CPF contribution history
• 2 years Notice of Assessment (IRAS)
• Latest 3 months of computerised payslip

Self-employed Application

1. 2 years Notice of Assessment (IRAS)
2. Additional requirements for non-Singapore citizen and non-permanent resident:
• Passport with 6 months validity
• Proof of residential address with but not limited to utility or bank billing statement

Company Application

1. Vehicle Sales Agreement
2. Complete loan application form
3. Valid ACRA (requested within 14 days)
4. Company bank statement for the last 3 months
5. NRIC/FIN of the director/guarantor (any of the following):
• 12 months CPF contribution history
• 2 years Notice of Assessment (IRAS)
• Latest 3 months of computerised payslip