fbpx

COE Financing

Renew your car’s COE from as low as 2.98%* with VINCAR

We also offer financing plans for new and used passenger and commercial vehicles, GRAB vehicles, Balloon Scheme and Refinancing.

  • Over 2,248++ COE Loans Approved / 99% Approval within 24 Hours / Flexible In-House Financing
  • Partnered with MAS Regulated Banks & Financial Institutions
  • Public Listed Company – Established since 1989 (30 Years)

*Terms & Conditions Apply

We can help you make the right, informed decisions on extending the life of your vehicle. Drop us an inquiry below, or simply call our Financing Specialist team members below.

Submit your inquiry below
I would like to know about.. *
Send me the details via..
I agree to be contacted by an official representative of VINCAR Pte Ltd, and that my personal information will be strictly protected with accordance to VINCAR's Privacy Policy and the Personal Data Protection Act (“PDPA”) of Singapore. We may contact you or follow-up with you via email or via your phone number. Unsubscribe anytime. *

COE Financing Specialists

...Or visit us at 24 Leng Kee

Open Daily 9AM to 7:30PM (Map Direction)

FAQ

What are the requirements in order to get a COE Renewal Loan?

You must be 21 and above of age and are Singapore Citizens or Permanent Residents.

How much does it cost to renew my COE?

The cost of COE renewal is based on the Prevailing Quota Premium (PQP) (LINK TO INTERNAL TABLE) from last month bidding result. For example it you intend to renew in May 2018, the cost will be based on May 2018 Renewal PQP results.

PQP is a moving average of the Quota Premium (QP) over the last 3 months.

What do I need to get ready for the COE Loan application?

  • NRIC
  • Vehicle Registration Card or Car Number

What are the next steps after I submit the Form?

Our team will email you the necessary forms and instructions for you to fill up, along with more detailed information of the renewal process.

Typically with all documents in order, the loan approval period takes 1 to 3 working days and renewal can be done on the same day on approval.

Status updates and experienced help will be available through out the process.

What is the longest COE Loan Repayment Term I can take?

For a 5 year COE renewal, the maximum loan repayment term is 5 years. For a 10 year COE renewal, the maximum loan repayment term is 7 years.

When is the best time to renew my COE before the current one expires?

You should renew COE at least 2 weeks before the current one expires. Allow 3 to 5 working days for the renewal process to complete.

What happens if my current COE has already expired?

You can still renew COE as long as your current one does not exceed 1 month from the date of expiry at a late payment fee from $50-$250 depending on engine capacity. For more information please go to the official source of information here:
https://www.onemotoring.com.sg/content/onemotoring/en/lta_information_guidelines/maintain_vehicle/coe1.html

Is there anything to lose from renewing my COE?

When you choose to renew your COE, you will lose the benefit of getting your car’s PARF rebate. The annual cost of ownership is (Final PARF Rebate forfeited + Renewed COE PQP) / number of years.

Terms & Conditions

1) To receive a quote, please enter your Name, Email Address, Mobile number and COE expiry date.

2) COE renewal is valid for Category A and B vehicles.

3) Application is subject to credit approval.

4) This special rate is only applicable if you renew COE loan with VINCAR Financial Services.

5) You consent to the collection, use, processing, disclosure and storage of your personal data in accordance with the terms of VINCAR Financial Services and our Privacy Policy.

*Terms & Conditions apply.

Experience VINCAR at

our showrooms

VINCAR – 24 Leng Kee

Open Daily 9AM to 7:30PM
Get there by Google Maps / Waze

Tel: 6473-1119

Alternatively, visit our other showrooms..

VINCAR – Alexcier (Pre-Owned Cars)

237 Alexandra Road, #01-10 to 16, The Alexcier, Singapore 159929
Get there by Google Maps / Waze

Tel: 6472-1119

VINCAR – Automobile Megamart (UBI)

61 Ubi Avenue 2 #02-16/17 Automobile Megamart 408898 SG, 61 Ubi Ave 2, 02, 408898
Get there by Google Maps / Waze

Tel: 6749-1119

About

Vincar

Since 1989, VINCAR has been the preferred multi-brand car dealership and importer of new and pre-owned cars in Singapore.

Since 1989, VINCAR has been the preferred multi-brand car dealership and importer of new and pre-owned cars in Singapore.

Why VINCAR

We have an extensive range of Japanese and Continental marques available, customer needs are our focus, and our satisfied customers are the greatest testimony of our dedication to delivering value, reliability and quality.

Why VINCAR

We have an extensive range of Japanese and Continental marques available, customer needs are our focus, and our satisfied customers are the greatest testimony of our dedication to delivering value, reliability and quality.

Our Brand

Our brand embodies our values - a genuine commitment to providing the best customer experience and extensive range of cars, made possible by our customer-centric approach.

Our Team

It was Henry Ford who aptly said: “Coming together is a beginning. Keeping together is progress. Working together is success.” Supporting the senior management is a dedicated team of staff, many of which have been with VINCAR for years. 

From the detailed crew who prepare every car before it’s displayed at the showrooms to the administration staff who ensure all paperwork is completed professionally to the knowledgeable sales team that patiently attends to the myriad of customers, walk-in and by appointment, everyone is an important component in the ever-improving VINCAR machine that’s working for you, our loyal customer.

Founder

VINCENT TAN

In many ways, VINCAR is a reflection of Vincent’s values and approach towards life and business. 

Sincerity, integrity and reliability are very much part of him and when you add his mantra that the customer is, and will always be the number one priority, you can begin to fathom how VINCAR has painstakingly built its reputation and grown in size and presence since its founding in 1989.

A workaholic by choice, Vincent is at his happiest whenever he sees a returning customer. It affirms his and VINCAR’s commitment to providing a seamless and rewarding car purchase journey as well as to ensure an enduring relationship with the company’s clientele.