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Sgcarmart's fully-digital Smart Loan service offers below-market interest rates and an all-online approval process that can be done via MyInfo.
The new pre-approved car loan process leverages on MyInfo to get users their maximum loan amount approved so they can have an easier shopping process.
Hong Leong Finance is releasing loans for electric vehicles with the lowest interest rate in Singapore, at 1.5% for seven years.
With BMW Financial Services, having your own BMW is now easier than ever with three financing options, Access by BMW, BMW Flow and BMW Loan.
Electric car manufacturer Tesla has partnered with DBS Bank to provide loans at a more advantageous rate for customers.
Borneo Motor's customers will now be able to access a range of flexible financial solutions thanks to a new partnership with Toyota Financial Services.
Individuals may now apply for a temporary halt on payments of their motor vehicle loans following a move by the MAS to ease cash flow concerns.
Little-known rule change made two years ago has allowed car buyers to be exempted from car loan curbs if they wish.
Registering a company continues to allow individuals to legally obtain a 90% car loan, although current loan curbs require at least a 40% cash down payment.
At the end of last year, about 1.3 percent of car loan holders had an instalment that was overdue by more than 30 days, compared with two percent in 2015.
The double-digit increases in COE premiums were fuelled by a spike in interest among car buyers and the three-week tender gap.
Despite easing of loan curbs by the Monetary Authority of Singapore, car buyers remain cautious amid concern over how move will affect premiums.
The Monetary Authority of Singapore has eased car loan guidelines, just three years after instituting them as demand for new cars has moderated.
The Monetary Authority of Singapore has eased restrictions on motor vehicle loans, increasing the maximum loan amount and loan tenure.
Uber is offering a bold car-financing scheme, promising a loan of up to 80 percent for people who want to own a car but cannot afford the high downpayment.
Buyers who cannot fork out down payment drawn to schemes that offer hefty financing, as the motor industry finds ways around car loan curbs.
Excess stock of very high end cars are said to be worrying some dealers, who are stuck with a higher-than-usual inventory of unsold units.
Citibank has allowed pre-qualification of customers for car loans and this could possibly cause a shake-up in the local motor vehicle financing model.
High taxes and lack in exclusivity are driving down sales of supercars in Singapore, leaving dealers of such exotics worried.