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COE Cars are the cheapest used cars that you can find in Singapore, so if you want the cheapest possible price that you can get from a car, buying a COE Car is the way to go.
The cost of owning a COE car is undeniably much lower, even after you factor in road tax surcharges, higher insurance premiums, and maintenance costs.
A 10-year-renewed COE car is usually more saleable. Hence, if you wish to replace it midway, it would be easy for you to find a buyer. Letting go is much easier too as you know that you spent less on it. Cheap and easy to replace, easy to let go, and easy to sell - sounds practical and good, right?
If you need to own a car for work and essential purposes but would like to preserve cash for something more important, buying a COE car can help you achieve both. Spend less and keep more cash - you’ll never know when you’ll need it, most especially during uncertain times.
With a cheaper car price, you don’t have to fork out a hefty downpayment. With the price of a COE Car being more or less half the price of a brand new car and 25%-35% cheaper than a few-years-old used car, you get to enjoy a lower downpayment, and of course, a lower monthly instalment.
With a 7-year loan tenure, a lower downpayment, and a cheaper monthly instalment, and the cheapest possible interest rate that you can exclusively get from Speed Credit, you don’t have to worry much about any unexpected downturns. Enjoy the peace of mind that comes with not being subjected to a high monthly instalment during your repayment period.
If you shop around and do some calculations, you’ll be surprised to know that an Audi or a BMW / Mercedes-Benz COE Car can possibly have the same price or perhaps cost a little less than buying a brand new Toyota Camry. So yes, the car that you wanted so badly 5-10 years ago can now be yours, only now it’s way much cheaper.
With all the advanced specs, safety features, and technologies, cars have been made more reliable than before and are expected to last between 10-20 years. It all boils down to choosing the right car and knowing its history.
Fill out our online application form or contact us at (+65) 6444 4400 or (+65) 9851 8281. Instructions and other requirements will be sent to you via email by our car finance expert. Please check your inbox or spam mail.
Submit all the requirements and/or signed documents needed via email at [email protected]. You will also be advised on the next steps and/or other necessary instructions related to your application.
You will be notified by our car finance expert via email and/or call regarding the status of your application.
Guarantor (Must be a Singaporean)
Guarantor (Director of Company)
Use our COE Car Loan Calculator to calculate or get an estimate of your monthly instalment repayments for your car.
With the largest network of banks, financial institutions, and insurance partners, Speed Credit has been offering tailored car financing and car insurance solutions for all types of cars in Singapore.
Having over 50 years of combined industry experience, Speed Credit has underwritten more than 1.2 billion car loans and has served more than twenty thousand car owners in Singapore.
We have always been committed to offering the lowest car interest rates, with the most flexible and comprehensive financing packages as we want to ensure that all our customers get the most value for their car and loan.