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Rule change allowed car buyers to access bigger loans

Rule change allowed car buyers to access bigger loans


Lexus ES 300h Hybrid Price Graph
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 Lexus ES 300h Hybrid Price History
New Car Dealer Details
  Distributor Borneo Motors (Lexus)
66311388
  Pricelist 20-Mar Pricelist
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  » View all Lexus cars

Date Updated 20-Mar-2025

Submodel Pricing Information
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2.5 Executive (A)
View Loan Breakdown
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  Current price
$357,800 spacer
Up
Depreciation $32,600 /yr
Down Payment $143,120 (Maximum 60% loan)
Instalment

Normal Car Loan

Calculation for the instalment is based on a flat rate interest of 2.98% per annum, which is the car loan interest rate offered by most banks in Singapore.
$3,089 /mth
  COE quota premium $116,890 (Category B COE)
Road tax $1,784 /yr
OMV $50,560
ARF $63,064 (After VES rebates)
VES $5,000 (Rebate)
Total basic cost $245,090
Premium 46%
  Previous recorded price $349,800
  Highest recorded price $360,800 (past 6 mths)
  Lowest recorded price $339,800 (past 6 mths)
  » View full price history  
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2.5 Luxury (A)
View Loan Breakdown
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  Current price
$377,800 spacer
Up
Depreciation $34,000 /yr
Down Payment $151,120 (Maximum 60% loan)
Instalment

Normal Car Loan

Calculation for the instalment is based on a flat rate interest of 2.98% per annum, which is the car loan interest rate offered by most banks in Singapore.
$3,261 /mth
  COE quota premium $116,890 (Category B COE)
Road tax $1,784 /yr
OMV $56,890
ARF $75,091 (After VES rebates)
VES $5,000 (Rebate)
Total basic cost $265,250
Premium 42%
  Previous recorded price $369,800
  Highest recorded price $380,800 (past 6 mths)
  Lowest recorded price $359,800 (past 6 mths)
  » View full price history  
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 Date Updated 20-Mar-2025
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New Car Dealer Details

  • Borneo Motors Showrooms

    Borneo Motors (Lexus)
    33 Leng Kee Road S(159102)
    Tel: 66311388
    Fax: 64721651

Terms & conditions

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1. Prices are subject to 3 months COE bidding, non-guaranteed unless otherwise stated. COE rebate for CAT B is $111,000; COE rebate for CAT A is $89,000 but is not applicable for packages utilising Open Cat COE.
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2. The below standard deposits are to be collected at the point of booking: a. COE deposit: $10,000 b. Vehicle deposit: i. LBX: $23,000 ii. IS / ES: $23,000 iii. UX / NX / RX: $23,000 iv. LS / LC: $32,000
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3. Maximum amount payable by credit card is $16,000 (including GST), in a single transaction of the purchased vehicle.
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4. Minimum deposit for indent models are $23,000.
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5. Package price includes 3-year / 100,000km Manufacturer's Warranty (whichever comes first, from date of registration).
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6. Package price includes 1st year road tax, number plates, In-Vehicle-Unit (IU), registration fees and prevailing GST.
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7. All deposits are non-refundable upon cancellation.
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8. Prices and promotions are subject to change without prior notice.
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9. Prices are inclusive of Finance ($2,000) and Insurance ($500) discount.
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10. Borneo Motors Singapore Pte Ltd reserves the rights to change or amend any of the terms and conditions without prior notice.
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Please contact a Lexus dealer for complete information.