reset
Viewed : 14,516 times

Recommended Articles

Powered By: The Straits Times

Little-known rule change made two years ago has allowed car buyers to be exempted from car loan curbs if they wish.

19 Aug 2019 | Local News : Singapore


A little-known rule change made two years ago has allowed car buyers to be exempted from car loan curbs if they wish. And it is completely above board, without buyers resorting to less-than-honest means such as inflating invoices, being party to dubious trade-in deals or setting up bogus businesses.

According to the LTA, more than 4,400 cars were converted from private to rental registration between January 2017 and June this year
In 2017, the Land Transport Authority (LTA) lifted its requirement for rental cars to be registered under companies. According to the LTA, more than 4,400 cars were converted from private to rental registration between January 2017 and June this year. They can be easily converted back to private registration. The process can be done online, and for a nominal fee.

  • Email