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Frequently Asked Questions

Insurance and Financing

Do you help with financing and insurance?

Yes, we partner with leading banks and insurance companies to obtain competitive rates for our clients.

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Do I need to buy vehicle insurance before I drive the car?

It is illegal to drive a car in Singapore without a car insurance. You need to at least cover other people's (third party) injury or death from the use of the car.

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What factors affect my insurance premium?

The factors that affect your insurance premium are: car age, engine capacity, the distances you drive annually, the sum insured, the make and model of the car, the driver, and your no-claims discount.

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What are typical financing terms?

According to regulatory requirements, financial institutions can lend up to 60% of the value of the car and for a duration of no more than seven years.

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