Nmnhnlm Clutched February 3, 2010 Share February 3, 2010 Is there any auto financing for COE renewal? If I cannot afford to pay my COE renewal is full, can I take up a loan. Are there any companies that offer such a loan? ↡ Advertisement Link to post Share on other sites More sharing options...
Blaquewolf Neutral Newbie February 4, 2010 Share February 4, 2010 are there? My car also coming up for that too Link to post Share on other sites More sharing options...
Sdf5725 1st Gear February 4, 2010 Share February 4, 2010 last time i believe dont have. in fact, if dont have, get personal loan from bank and pay back loh. Link to post Share on other sites More sharing options...
Little_prince Supersonic February 5, 2010 Share February 5, 2010 yeah... personal loan only... try GE money? Link to post Share on other sites More sharing options...
Bryanchew Neutral Newbie December 23, 2010 Share December 23, 2010 btw..any bank offer refinance now? my car is 3yrs old..my previous car i did a refinance b4..wondering now do banks stll offer? Link to post Share on other sites More sharing options...
QQDreamer 4th Gear July 2, 2012 Share July 2, 2012 sorry to dig up this old thread. But its good to know if there is any option to actually have finance loan from banks for COE renewal if one cannot afford to pay in full. Also another question, if one were to renewal COE for OPC, does it mean only pay 17K for renewal only? Link to post Share on other sites More sharing options...
Keithchue 5th Gear July 2, 2012 Share July 2, 2012 Maybe finance companies does this for you? Worht a check Link to post Share on other sites More sharing options...
Expertz 1st Gear July 2, 2012 Share July 2, 2012 sorry to dig up this old thread. But its good to know if there is any option to actually have finance loan from banks for COE renewal if one cannot afford to pay in full. Also another question, if one were to renewal COE for OPC, does it mean only pay 17K for renewal only? if i'm not wrong you'll have to pay the full amount, OPC rebate is only for new cars after paying the full amount you can decide if you want it to be OPC or not but no rebate for OPC still Link to post Share on other sites More sharing options...
Arixlim Clutched July 2, 2012 Share July 2, 2012 u guys are so smart~!....but then the govt is trying to squeeze ur necks u know...esp u guys....its called timing, but hope got resolution also, this business idea dunno have spin off or not or mas rulings can bend or not....surely the high coe they want to maintain...the maintenance in the $3m salary ...up per year they get, from where..haha..we all know le lar....not just geylang.... they want to look good and lick your money....my auntie got squeeze before and exited the foray(stop driving)...2nd hand dealer will say, trade in or change new car, sure legal.....that's why now inflated...stuck and sucked... well..i very suay also..i would say savers world... if u bought a car or second car before the 1.5-2 year ago, which nobody know, sales struggling...haha..now u got final laugh... and the dragon year squeeze....haha high tide baby.....more demand less supply...F-king too much....i bought $16 k coe, people say i siao...cos i know and tts abt it...suay suay again to my luck.... got any car tips , dun mind forumers, inform or share pls... i love the info...cos i need it one day too... i believe someone out there got the answer, maybe not u....just a guy..passing by. help~!!!! Link to post Share on other sites More sharing options...
Kar_lover Supercharged July 2, 2012 Share July 2, 2012 I think quite hard to just take loan for COE only cos no collateral. When buy new car, the COE is part of your your car loan so the whole car together with the COE is the collateral. If you default on the COE loan, how to take back just the COE? Not sure if your COE car can be used as collateral....nowadays COE so expensive, for car to have scrap value of $60k to $90k quite hard. Or maybe i got this whole thing wrong. Link to post Share on other sites More sharing options...
QQDreamer 4th Gear July 2, 2012 Share July 2, 2012 if i'm not wrong you'll have to pay the full amount, OPC rebate is only for new cars after paying the full amount you can decide if you want it to be OPC or not but no rebate for OPC still wah liew, like that might as well remain normal plate or even buy new OPC there after [laugh] Link to post Share on other sites More sharing options...
Zxcvb Turbocharged July 2, 2012 Share July 2, 2012 if i'm not wrong you'll have to pay the full amount, OPC rebate is only for new cars after paying the full amount you can decide if you want it to be OPC or not but no rebate for OPC still You are wrong. If no rebate for OPC, then might as well be black plate. Stupid right? OPC rebate is minus $17k. Renewal for OPC car will be (60k - 17k = 43k). Let's take $60k as the current Prevailing Quota Premium COE (average 3 months COE price) Link to post Share on other sites More sharing options...
Expertz 1st Gear July 2, 2012 Share July 2, 2012 You are wrong. If no rebate for OPC, then might as well be black plate. Stupid right? OPC rebate is minus $17k. Renewal for OPC car will be (60k - 17k = 43k). Let's take $60k as the current Prevailing Quota Premium COE (average 3 months COE price) www.lta.gov.sg/content/lta/en/motoring/vehicle_ownership/vehicle_policiesschemes/off-peak_car_revisedoff-peakcarschemes/how_do_i_renew_thecoeofmyopc.html I don't need to say anything else because I am wrong Link to post Share on other sites More sharing options...
Zxcvb Turbocharged July 2, 2012 Share July 2, 2012 www.lta.gov.sg/content/lta/en/motoring/vehicle_ownership/vehicle_policiesschemes/off-peak_car_revisedoff-peakcarschemes/how_do_i_renew_thecoeofmyopc.html I don't need to say anything else because I am wrong Just sent LTA a query. Awaiting reply. Link to post Share on other sites More sharing options...
Winson_ang Neutral Newbie July 2, 2012 Share July 2, 2012 No OPC rebate for COE car, you pay full COE price (3month average) for 10yr renewal. Under OPC scheme for COE car, you only pay cheaper insurance and rd tax. For COE loan, best interest rate I know of is 4.5% and only 80% loan (maybe can neg higher) on COE amount. Link to post Share on other sites More sharing options...
Winson_ang Neutral Newbie July 2, 2012 Share July 2, 2012 (edited) COE renewal loan (@ 4.5% - 7% interest per annual depending on which financial co.) for just COE amount is good business profit since remaining portion of COE is returned back in CASH upon car scrapped if repayment is default. Edited July 2, 2012 by Winson_ang Link to post Share on other sites More sharing options...
Darryn Turbocharged July 2, 2012 Share July 2, 2012 You are wrong. If no rebate for OPC, then might as well be black plate. Stupid right? OPC rebate is minus $17k. Renewal for OPC car will be (60k - 17k = 43k). Let's take $60k as the current Prevailing Quota Premium COE (average 3 months COE price) the $17k is a rebate on the ARF isn't it? Rather than the COE? Link to post Share on other sites More sharing options...
Mllcg 3rd Gear July 2, 2012 Share July 2, 2012 Is there any auto financing for COE renewal? If I cannot afford to pay my COE renewal is full, can I take up a loan. Are there any companies that offer such a loan? banks offer personal loans ↡ Advertisement Link to post Share on other sites More sharing options...
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