We'll settle the paperwork for you.
Car Loans
We handle loan application for the
buyer & settlement for the seller |
Motor Insurance
We handle insurance application
for the buyer |
Payments & Transfer
We facilitate payment,
documentation & LTA ownership transfer |
|
Sell with Connect+
|
 |
After I found a buyer thru my ad on Sgcarmart, they did everything for me and settled within 3 days.
Frank Ng
MOE Educator
|
 |
They did all the paperwork for me and neither me nor my buyer had to pay them a single cent!
Alvin Tan
Doctor, MBBS (Singapore)
|
|
Address
151 Lorong Chuan, Lobby D #04-04 New Tech Park, S(556741)
|
 |
What should I do if I am engaging in a direct seller/buyer deal? |
- Arrange a viewing and confirm the deal - Both the seller and buyer should arrange to meet, view the vehicle, and confirm the agreed transaction details.
- Sign the sales agreement and place a deposit - To confirm the deal, both parties will need to sign the sales agreement and the buyer should place the agreed deposit.
- Send us the completed documents - Once the sales agreement has been signed and completed, please send it to us here. We will then assist with the remaining paperwork and guide you through the next steps.
The sales agreement can be downloaded here.
| |
Must I already have the signed sales agreement before engaging Sgcarmart Connect? |
Not necessarily. If you need help completing the forms or understanding the required procedures before signing the sales agreement, we can assist with the signing at our office. The sales agreement can be found here.
| |
What are the services that Sgcarmart Connect will provide for me? |
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
| |
Are there any fees involved for using this service? |
A service fee of $300 to $500 may apply, depending on the buyer's loan requirements and assessed on a case-by-case basis.
Please contact our customer service officer for more details.
|
[For Buyers] Can I source for my own car loan? |
Preferably not. If your loan is not arranged through Sgcarmart Connect or Sgcarmart Smart Loan, we may not be able to facilitate the process smoothly. If you would still like to use our services while sourcing your own car loan, please contact us and we will advise you accordingly.
| |
[For Buyers] Can I source for my own insurance? |
Yes. You may source your own car insurance, and we can also provide competitive insurance quotes from different insurers for comparison. For vehicles not listed on Sgcarmart, a Sgcarmart Connect service fee may apply if the insurance is not arranged through us.
|
[For Buyers] What are the available financing options and their rates? |
Car loan interest rates start from 2.18% for PARF vehicles, 2.75% for COE-renewed vehicles, and 3.28% for commercial vehicles. We work with most major banks and credit companies in Singapore to help you secure competitive car loan rates. If you have a preferred bank, please let us know.
|
[For Buyers] How long does it take for my loan to be approved? |
Typically, within 2 working days.
|
[For Buyers] Can Sgcarmart Connect help with carplate number retention? |
Yes. We can assist with car plate number retention and apply the retained number to your new vehicle. There is no service fee for number retention assistance.
|
[For Sellers] I have an outstanding loan on my car. Will Sgcarmart Connect settle it for me? |
Yes. We can help arrange the settlement of your outstanding car loan after the vehicle handover is completed. Applicable loan settlement fees will apply, along with a S$25 ownership transfer fee payable via OneMotoring. The car loan settlement process usually takes 2 to 5 working days, depending on the bank.
|
[For Sellers] I have existing insurance on my car. Will I get a refund? |
Yes. Once the vehicle is handed over, you may contact the previous insurer to cancel the insurance. The refund will be issued typically within 2 months.
|
[For Sellers] How and when do I get paid if the buyer is buying my car with a car loan? |
Disbursement usually takes 2 to 3 working days. If the transaction involves an outstanding car loan settlement, the payment process may take longer. If you need early disbursement, an additional fee will apply.
| |
What other services does Sgcarmart Connect provide and what are the charges? |
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.
| |
What are the documents required for loan processing? |
Salaried employee application
- Vehicle Sales Agreement
- Complete loan application form
- Buyer's NRIC/FIN (front and back)
- 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
- 2 years Notice of Assessment (IRAS)
- 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
- Vehicle Sales Agreement
- Complete loan application form
- Valid ACRA (requested within 14 days)
- Company bank statement for the last 3 months
- 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
