Car Financing

 Your Preferred Singapore Car Financing Partner for
COE Renewal & Car Purchases

At Car Regency, we provide bank and in-house loans for your COE renewal, used car or new car purchases at competitive rates.
Looking for the cheapest car loan deal in Singapore without the hassle? Simply reach out to us and let us handle it while you sit back and relax!

  • 01

    Experienced Dealership

    Established in 2007 as a subsidiary of Thong Lee Trading, a car dealer founded since 1969, we are an experienced dealership with strong knowledge in automotive industry.

  • 02


    To provide our customers with a hassle-free experience, we handle all the administrative matters, such as LTA transactions, bank transactions and legal paperwork.

  • 03

    Low Interest Rate & Assessing Requirement

    We provide bank loans and offer different types of in-house loans at low interest rate and low assessing requirement with higher loan amount.

  • 04

    Fast Processing & Approval

    Our in-house loans has fast processing and approval time of 1 to 3 working days and renewal can be done on the same day on approval. Status updates and experienced help will be available throughout the process.

  • 05

    No Hidden Fees

    All fees are transparent from the start of the loan and interest rates are charged per annum at a flat rate, so you only pay what you see.

Our Car Financing Solutions

Car Loan

For new and current car owners: When a car is too costly for you to pay upfront and you are unable to get a bank loan due to your credit rating issue, we are ready to help you finance your car purchase (from us or other car dealers) with our in-house car loan at higher loan limit.

Learn more about the different loans from our car loan guide.

Our Car Loan Solution

  • Apply for your car loan at flat interest rate (up to 70% loan at interest rate as low as 1.98%* p.a.) and enjoy fast approval
  • Flexible range of loans to finance new car, used car, commercial vehicle and direct hire purchase
  • Max loan tenure of 7 years

*Terms & Conditions Apply

COE Renewal

For current car owners with expiring COE: If you are experiencing a tight cashflow, you can choose to renew your current COE to lower upfront cost for better cashflow management. While banks usually don't finance COE renewal, we provide in-house financing solutions for your COE renewal.

Our COE Renewal Solution

  • Apply for your COE renewal loan at flat interest rate (up to 100% loan at interest rate as low as 2.98%* p.a.) and enjoy fast approval
  • Apply for insurance for your renewed COE car
  • Flexible monthly repayment options
  • Max loan tenure of 5 and 7 years for 5-years and 10-years COE renewal respectively

*Terms & Conditions Apply

Documents Required For Loan Application

Documents for Car Loan

Personal Vehicle

  • NRIC of applicant front and back
  • Driving License of applicant front and back
  • 1 year NOA (Notice of Assessment) with 3 months of latest computerized Payslip / 2 years of latest NOA for Self-employed
  • Sales Agreement signed by applicant
  • Lease Calculation Spreadsheet
  • LTA Logcard
  • Completed Auto Lease application form

Commercial Vehicle

  • Company ACRA
  • 3 months of latest bank statements
  • 2 years of latest financial statements
  • Sales Agreement signed by applicant
  • Lease Calculation Spreadsheet
  • LTA Logcard
  • One of the company directors has to come in as guarantor. Complete another application form for guarantor and submit NRIC front and back with 2 years of latest NOA
  • Completed Auto Lease application form

Documents for COE Renewal

  • All documents required for car loan application
  • Completed Vehicle Registration Details Form

Send us a Message

Got a question? Send us a message and we’ll get back to you within two working days.

Frequently Asked Questions (FAQS)

What are the minimum requirements to get a COE Renewal Loan?

You must be between 21 and 65 years of age with a minimum annual income of $30,000 for salaried and self-employed Singapore Citizens and Permanent Residents.

I Do Not Have Enough Money For A Downpayment, Can I Still Get Car Financing?

This is evaluated on a case-by-case basis, which involves your personal credit profile as well.

I Do Not Have Any Income Proof, Can I Still Get Car Financing?

Similar to lacking funds for a payment, we would need to assess other parts of your credit profile before coming to a decision.

I have a bad credit score, can I still get car financing?

Yes, you still stand a chance to get a car loan. However, it would be subjected to higher interest rates due to higher risk of you defaulting on the payment.

How much car financing should I apply for?

The amount of financing you need or should apply for depends on your personal circumstances. If you take up 70% (depending on the Open Market Value of the car) financing, you will not have to find as much cash in the short term. However, in the long run, you will pay more money for your vehicle than if you had taken a smaller Amount Financed. You also pay more interest the longer the hire period.

Will I be paying more interest if flat interest rate instead of effective interest rate is used?

The market practice is typically to charge what is known as a “flat” or “applied” interest rate. In calculating the amount of interest payable in flat interest rate calculations, it is assumed that the Amount Financed is constant throughout the hire period. An example of flat interest rate calculation:

Amount Financed = $50,000
Flat/Applied Interest Rate = 3.5%
hire period = 5 years (60 months)
Total Interest = 3.5% x $50,000 x 5 = $8,750
Rental charges/Monthly instalment = $(50,000 + 8,750) / 60 = $979.17

In reality, the Amount Financed reduces over time. Because this is not taken into account, the “effective” interest rate is in fact higher than the flat rate. In the above example, the effective interest rate is in fact 6.54%.

Why should I choose you over borrowing from a bank?

As mentioned before, our car loan scheme is flexible. You may contact us to find out more!