- December 17, 2020
- Posted by: samdenis
Sellers and buyers should arrange a meeting to see the vehicle and confirm the agreement. A sales contract must be signed and a deposit must be placed to confirm the agreement. We will help you process the rest of the paperwork as soon as you send us the sales contract signed and concluded here. The sales contract can be downloaded here. Not necessarily. If you need help filling out certain forms or instructions on the correct procedures before signing the sales contract, we can facilitate the signing of the sales contract in our office. You can find the sales contract here. We may submit a vehicle evaluation report when the vehicle in question is brought to our office. The report will note the physical condition of the vehicle at the time of sale and we can use it to ensure that the vehicle is in the same condition at the time of delivery. This report documents the physical appearance of the vehicle and does not contain the mechanical components.
We do not charge for this service. Yes, yes. Alternatively, we can provide you with competitive offers of different insurances for your comparison. Please note that non-sgCarMart vehicles may be subject to a fee for using sgCarMart Connect if your insurance is not applied through us. Yes, yes. Once the vehicle has passed, you can cancel the insurance. We can also help you in case of cancellation when handing over the vehicle. The refund is usually established and sent by the insurance company within 2 months. That is not the case.
If your loan is not used via sgCarMart Connect, we cannot facilitate the smooth process. Note that for promoted non-sgCarMart vehicles, there may be a fee for using sgCarMart Connect if your loan is not applied through us. Please contact us if you would like to use our services, but prefer to apply for your own car loan. By working with the seller and buyer to obtain the necessary paperwork for processing, we can provide the full range of transaction services: we also offer WCC renewal services to customers who wish to renew the WCC for their existing cars. For more information about this service, see sgcarmart.com/renewcoe. Interest rates on car loans are 2.78% for used cars, 3.4% for commercial vehicles and 3.18% for new vehicles. We work with most of Singapore`s major banks and credit companies to bring you the most competitive prices. Let us know if you have a preferred bank. Yes, yes. We help you with the retention of the number and the application of your selected number to your new vehicle. We do not charge for this service, but if you require us to forward the documents on your behalf to LTA, a shipping fee will be due to third parties ($12 per trip). Yes, yes.
We will refund your remaining loan to pay once the vehicle is delivered. This process usually takes 2 working days. This service is free for both the buyer and the seller for all vehicles advertised on sgCarMart. For non-sgCarMart vehicles, the service fee is $300, but we will offer them free of charge if: (i) the buyer`s insurance and financing is applied via sgCarMart Connect; (ii) The buyer`s loan amount is at least 20,000 S over a minimum period of two years. Third parties may incur fees such as shipping costs (US$12 per trip), full payment of unpaid credit charges ($150 per block 50,000 S), transfer fees ($25) and administrative fees for WCC loans.