Before transfering your car ownership

Transferring car ownership in Singapore is a straightforward procedure, with a few necessary criterias.

• The car must not be currently under financing, and have all outstanding fees and taxes paid off.
• Depending on the category of COE (up to 1600cc & 97kW or anything over), the vehicle should also have reached at least 3 months of age before ownership can be transferred.
• There may also be an additional levy imposed if the car is between 4 and 6 months old, with the new owner being liable to pay it.
• The ownership transfer has to be completed within 7 days when initiated, with both parties needing access to either SingPass or CorpPass (for online transfers).
• The vehicle must have valid motor insurance under the buyer or next owner name, covering the full period of the vehicle’s valid road tax.
• The vehicle must pass vehicle inspection by any LTA-Authorised Inspection Centre, if vehicle inspection is required before road tax can be renewed.

When to transfer your car ownership

You can transfer car ownership in Singapore after selling or gifting away a vehicle, as well as when the current car owner has passed away. This process ensures that all applicable rules and regulations are followed, and that the new owner is properly registered.

Take a look at the steps to transfer the car ownership below:

Step 1: Finding a suitable buyer (if you are selling your car)

When transferring ownership of a vehicle in Singapore, the process starts with finding a suitable buyer. You can either contact a car dealer directly to assist you in the sale, or you can make use of Carsnap platform to help sell your car for the best price.

If you opt for selling your car via Carsnap, the car dealer buying your car can pay off any outstanding loan associated with your car, and then deduct this from the final selling price.

Carsnap are known to have an extensive pool of trusted car dealers looking to purchase many different car models, thus making the whole process faster.

Step 2: Ensure any outstanding loans or fees on the vehicle are cleared

According to the Land Transport Authority regulations, a car must be free of any financial issues before its ownership can switch hands. This means paying off the rest of your auto loan (or having the dealer do it for you), and settling any fines, taxes, arrears or fees.

Step 3: Perform the transfer online

Before transfering the ownership of your car, decide if you’ll be retaining the existing car license plate number. If yes, you need to apply before proceeding with the transfer.

Once you and the buyer are ready to make the transfer, it can be done via:

1. Online through SingPass or CorpPass.
2. At the Land Transport Authority (LTA) Customer Service Centre. (Only for diplomatic vehicle, when you are buying a Light Goods Vehicle (LGV) as a hawker or farmer or you are foreigner not eligible for Singpass).

For online car ownership transfer, follow these steps:

1. Log in to LTA OneMotoring’s website, and enter the registration number, next owner’s NRIC, FIN/company registration number, and mobile number.
2. The new owner will receive an SMS notification of the transfer, with 5 days to confirm the transfer of ownership.
3. The new owner will have to log in to LTA OneMotoring’s website and pay a $25 fee to complete the transfer process.
4. Both parties will receive an SMS notifying them that the ownership has been transferred successfully.
5. The new owner should collect the car keys from you after everything is completed.

What to look out for before taking over the car?

When taking over a pre-owned car, there are some important considerations one should take note of. It is crucial to ensure a smooth transfer by paying attention to key factors such as ownership documents, existing loan and insurance obligations, taxes, registration and inspection fees.

Understanding and doing your due diligence in these areas can help make the process of taking over a pre-owned car stress-free!

• Engine and chassis: It is essential to first check that the engine and chassis numbers match with Land Transport Authority (LTA) records. Otherwise, when the vehicle is deregistered, it will not be eligible for any PARF or COE rebates. To see if the numbers on the vehicle match those in LTA’s records, one can visit an LTA-Authorised Inspection Centre (AIC) or use LTA’s Enquire Transfer Fees digital service.
• Taxes and rebates: Be aware of the taxes and rebates associated with the car. This will be transferred from the seller to the new owner, including remaining road tax, COE rebates and PARF rebates.
• Motor insurance: When you become the owner of the car, it is necessary to secure valid motor insurance with your name listed on it for the entire period of the road tax of your vehicle.
• Additional levy: When taking possession of a car with either a Category A or B Certificate of Entitlement (COE), you may need to pay an additional levy if the car is four to six months past its registration date. This payment will be the difference between the Quota Premium (QP) that was paid for that vehicle’s COE and the current QP in the corresponding COE category.

After completion of the online transfer, it is important to make sure that the transfer process has been completed properly.

Check that the vehicle is registered under your name, and look out for a letter or SMS confirmation from the Land Transport Authority (LTA) confirming the transfer.

Buying your first car? Getting a second-hand car is a great way to save money. Before you make your purchase, follow some expert car buying tips and advice to get the most out of your hard-earned money. After that, go through the steps outlined in this article to guarantee a smooth ownership transaction for your exciting new ride.

<p>The post How to Transfer Car Ownership in Singapore in Less Than 5 Minutes first appeared on Carsnap Blog.</p>

Playing the guessing game can be difficult when it comes to COEs, so prospective buyers should stay up-to-date on current COE bidding dates, trends and COE pricing developments at our Carsnap COE results page.

If you’d like to know more about Certificate of Entitlement (COE), then our comprehensive guide on COE in Singapore is filled with lots of information to help you understand.

What is COE Open Bidding Exercise?

The COE bidding exercise in Singapore occurs twice a month, always starting on the first and third Mondays of the month at 12 pm local time. The bid then closes on both Wednesdays of that week, with a final cutoff at 4 pm SGT.

However, the COE bidding dates schedule for 2023 is affected by three public holidays: New Year’s Day, Labour Day, and National Day.

2023 COE Bidding Dates

*New Year’s Day falls on Sunday, 1 Jan 2023 hence Monday is a public holiday
**Labour Day, 1 May 2023, Monday is a public holiday
***National Day, 9 August 2023, Wednesday is a public holiday

What are the COE categories?

In Singapore, there are 5 types of Certificate of Entitlement (COE) categories that a vehicle can belong to. These include Category A, B, and E which are applicable to the average passenger car buyer.

COE Category A

It’s for internal combustion engine (ICE) passenger cars with engine capacities of 1,600cc and below and less than 97kW/130hp; electric cars with less than 110kW/147hp.

Category A of the COE (Certificate of Entitlement) is a car category that includes vehicles with an engine capacity at or below 1.6-litres.

This generally means this category is meant for more commonly seen cars, however, due to the increasing number of small-capacity turbocharged engines in many ‘premium’ models this may not necessarily be the case. Since 2013, the LTA has implemented a power cap for Category A to keep these ‘premium’ vehicles out of this regular car category.

In May 2022, the LTA announced that electric cars with less than 147hp in their power output will now be classified under COE Category A.

This was done to reflect the fact that even mainstream electric car models can produce more horsepower compared to those operated by traditional combustion engines.

COE Category B

It’s for internal combustion engine (ICE) passenger cars engine capacities of 1,600cc and above, or with more than 97kW/130hp; electric cars with more than 110kW/147hp.

Certificate Of Entitlement (COE) Category B refers to the premium segment of cars in the market. Cars belonging to this category are usually higher in price and come with smaller quotas compared to other categories due to the fact that buyers of premium vehicles can afford to spend more money.

COE Category C

It’s for goods vehicle and bus.

Category C of a Certificate of Entitlement (COE) is used to identify motor vehicles such as delivery vans and flatbed trucks. It typically does not apply to cars purchased by individuals, however in cases with high need for commercial vehicles, it can also affect the demand and cost of Category E cars.

COE Category D

It’s for motorcycle.

Category D is the exclusive COE for motorcycles. Compared to the other categories, motorcycle COEs are much cheaper and motorcyclists can bid only from this category. This serves as a blessing in disguise since motorcyclists would not have to expend their already limited budget on an Open Cat E COE, which is significantly more expensive than a Cat D COE.

COE Category E

It’s an open category for any all vehicles except motorcycles.

Category E of the Certificate of Entitlement (COE) is controversial and quite unique compared to other categories. It is an open category, allowing numerous sources in bidding, as it is applicable to any vehicle on wheels that isn’t a motorcycle.

It also allows for transferability for three months, which sets it apart from Category A and B COEs, which must be tied to a specific vehicle registration plate and are non-transferable. The potential marketability of Cat E COE attracts speculators looking to make a quick profit.

Stay Updated with The Latest COE Bidding Dates and Results

Navigating the intricacies of car ownership in Singapore can be challenging, particularly when it comes to keeping track of COE bidding dates.

However, with our comprehensive guide to the COE bidding dates and COE results, you’re equipped with all the information you need to make informed decisions.

Stay ahead of the curve by bookmarking this page and keeping an eye on the latest updates.

Remember, strategic planning aligned with the COE bidding dates is crucial to securing the best possible deal for your vehicle in Singapore.

<p>The post Useful Guide to COE Bidding Dates and Schedule in 2023 first appeared on Carsnap Blog.</p>

Charge+ has announced plans to install over 100 charging points in 40 HDB carparks, located in the Western and Central regions of Singapore, by April 2023.

Recently, the Land Transport Authority (LTA) established a business entity called EV-Electric Charging (EVe). This new company is responsible for managing the implementation of EV (electric vehicle) chargers nationwide. Part of this process involves properly setting up the electrical infrastructure that is required to effectively charge electric vehicles.

As part of its goal to achieve zero carbon emission by 2030, Singapore has pledged to provide more than 60,000 EV charging points across the city. Of these, 40,000 are slated for public carparks and 20,000 for private premises.

Electric vehicle (EV) drivers can check in real time if any charging points are available on the MyTransport.SG mobile app.

With this news, this could be a good reason to sell your petrol car and upgrade to an electric vehicle in Singapore and enjoy the EV Early Adoption Incentive (EEAI) until 31 December 2023.

<p>The post HDB to Have 1 in 3 Car Parks With Electric Vehicle Charging Points by 2023 first appeared on Carsnap Blog.</p>

How to access your vehicle log card?

You can choose to access your vehicle log card online via LTA’s OneMotoring website.

Search for “Enquire My Vehicle Details” under Digital Services and you will be prompted to login via your SingPass.

For faster access to your vehicle log card, you can also login to your SingPass app and click on the “Vehicle & Driving License” icon under My Profile in the app.

However some information is not available when you access your vehicle log card directly in your SingPass app.

If you have not downloaded the SingPass mobile app yet, you can do so for Android users, and for iOS (iPhone) users.

What information does your vehicle log card contain?

The vehicle log card holds important information on your vehicle such as the type, colour, and make of your car as well as its registration number, age and fuel type.

The log card will also provide information on the size of the engine, the manufacturer and year it was made, as well as safety features. All these details can be used to help identify and find out more about any given vehicle.

Here’s a full list of what are the information available in your vehicle log card when accessed at the LTA’s OneMotoring website.

Vehicle Registration Details:

• Vehicle No.
• Make/Model
• Vehicle Scheme
• Current Propellant
• Chassis No.
• Vehicle Type

Owner’s Details:

• Owner Name
• Owner ID Type
• NRIC/Passport/Company Cert No.
• Registered Address
• Birth Date

Registration Details:

• Previous Vehicle No.
• Effective Date of Ownership
• Original Registration Date
• Registration Date
• No. of Transfers
• IU Label No

Vehicle Specifications

• Engine No.
• Chassis No.
• Year of Manufacture
• Primary/Secondary Colour
• Passenger Capacity
• Engine Capacity / Power Rating
• Maximum Power Output
• Max Unladen/Laden Weight
• Vehicle Attachment

Additional Registration FEE (ARF) and COE Information:

• Open Market Value
• Additional Registration Fee Rate
• Actual ARF Paid
• Vehicle Lifespan Expiry Date
• OPC Cash Rebate Eligibility
• QP during COE Bidding Exercise
• COE No & COE Expiry Date
• COE Category
• Quota Premium (QP) / Prevailing Quota Premium
• Actual QP Paid

PARF Rebate Details:

• PARF Eligibility
• PARF Eligibility Expiry Date
• Minimum PARF Benefit

Vehicle Emissions Details:

• CO2 Emission
• Other Emission
• CEV/VES Rebate Utilised Amount

You can print a vehicle log card or download a copy of your vehicle log card if necessary.

What is the use of the log card?

Most vehicle owners will likely want to know their COE Expiry Date, Minimum PARF benefits, Open Market Value, but the log card is can also be used for various purposes too. Such as:

• Registering for a Vehicle Entry Permit (VEP) into Malaysia
• Selling your car or transfer of vehicle ownership
• Easy access to your IU number
• To apply as a Private Hire Vehicle (PHV) Driver with Grab or Gojek

If you are looking to sell your car easily in Singapore for the best possible price without the hassle of going to each individual car dealer to compare quotes, you can sell your car with Carsnap.

<p>The post Singapore Vehicle Log Card: All You Need to Know first appeared on Carsnap Blog.</p>