Frequently-Asked Questions
Got questions? We’ve got answers! Check out our FAQ section for all the details you need to know about scrapping or exporting your car for the highest price in just one day!
Q1. What is the procedure of any bespoke/custom vehicle import order ?
VEHICLE IMPORT PROCESS
1. Configure your desired vehicle
✓ Make & Model
✓ Trim
✓ Color
✓ Options
1. Configure your desired vehicle
✓ Price
✓ Warranty
✓ Lead time
3. Book your perfect vehicle
✓ Booking deposit SGD5,000
✓ Sales & Purchase Agreement
✓ Hire Purchase Agreement
✓ COE Bidding Agreement
4. Importer orders vehicle from UK/Japan
✓ Booking deposit payment to exporter
✓ Ready stock (UK) lead time 2 weeks
✓ Factory order (Japan) lead time 6-8 weeks Factory order (UK) lead time 10-12 weeks
5. Shipping to Singapore
✓ Pre-shipment inspection at UK/Japan
✓ Balance CIF payment to exporter
✓ Shipment lead time (UK) 3 weeks
✓ Shipment lead time (Japan) 1.5 weeks
✓ Bid COE
6. Singapore Customs clearance
✓ Customs Declaration of Facts for vehicles
✓ Payment of customs excise duty & GST
7. Vehicle Inspection & Type Approval
✓ Emission testing at VETL (if necessary)
✓ Submission of all vehicle docs & photos to LTA
✓ Vehicle inspection at VICOM/STA
✓ Vehicle approval by LTA
✓ Lead time 3-6 weeks
8. Vehicle delivery
✓ Balance payment (less loan)
✓ Vehicle registration
✓ Installation of accessories
✓ Drive away your new car in < 1 week
Q2. What is the payment schedule?
Q3. How long will it take before buyer can drive off the vehicle ?
Typically, it should take 3-5 months, depending on the origin of the car as well as whether it is a ready stock or a factory build vehicle.
Q4. What is the new car financing interest rate ?
Currently, the loan interest rate for new cars starts from 1.88%. To know the loan installment amount, you can try this loan calculator.
Q5. How long will it take for COE to be bidded ?
We offer a value-added service to bid for the COE on the Buyer’s behalf though we do not profit from the process.
However, the Buyer can also opt to do self-bidding of COE.
Q6. Does the vehicle come with any warranty ?
Yes, the vehicle that our company imports in for you comes with a comprehensive 3/5 years warranty coverage (terms and conditions apply).
For continental/Asian ICE vehicle models, the warranty programme will be underwritten by:
- QBE Insurance – authorized workshop: MBM WheelPower or,
- Liberty Insurance – authorized workshop: Optima Werkz