As interest rates rise due to the recovering economy, buying a used car in Singapore may become more challenging, as it could affect the financing options.
Whether you're in the market for a used or a brand new car, these five banks and financial institutions have ways of getting you one step closer to owning your favourite one.
The long stagnant interest rates for car buyers have shot up ever since measures to restrict the amount and tenure of loans were introduced early this year.
Credit firms, which are not bound by new MAS rules, have increased interest rates for motor loans in anticipation of greater demand.