How does COE work?

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How does COE work?

How to make use of the COE to get your best package Car packages are often bundled with the COE, and with the COE being one of the main components in the car price, you definitely need to know how the COE works if you want to get the best deal when buying a car…

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How to Calculate ARF?

What is ARF (Additional Registration Fee)? ARF is a tax imposed on registration of vehicles in Singapore and can make up a relatively large portion of the price you pay for the vehicle, so it is important that you know how to calculate the ARF. How much one needs to pay for the ARF depends…

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Parallel Importers and Authorised Car Dealers – What are the Pros and Cons?

After finding out the How to Get the Best Deal on a New Car in our previous article, we shall move onto another step in the process of buying a car in Singapore. Let’s dive deeper into the differences between Parallel Importers and Authorised Car Dealers, and how it would affect your car buying decision….

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Car COE numbers to drop 9.6% for Feb to April

There will be fewer certificates of entitlement (COEs) for the next three months starting from February. The Land Transport Authority said yesterday that the supply of Category A COEs (cars up to 1,600cc and 130bhp) will shrink by 9.1 per cent to 3,300 a month. Category B (cars above 1,600cc or 130bhp) will have 2.9…

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本地一平行车商完成 首宗加密货币购车交易

本地付款方式百花齐放,一些商家甚至让消费者通过加密货币付款。平行入口车商MHG Cars昨天(1月3日)完成了第一宗通过加密货币进行的交易。 受访专家认为,加密货币付款方式虽然容易转账,但因价格波动大,存在一些风险,可能会影响公司盈利。这种付款方式不会在本地成为一种常态,不会是消费者的第一选择。 27岁的买家刘大炜昨天以约49.4个以太币付了一万元的订金,购买一辆本田Vezel. MHG Cars董事洪君慧说,这辆汽车的价格为8万3800元,买家向银行申请50%的贷款,其余则可通过加密货币或信用卡付款。 刘大炜接受《联合早报》访问时说,他是从前年开始买卖加密货币,对在本地市场使用虚拟货币(virtual currency)进行交易的概念非常感兴趣。他说,最近他考虑购买新车,通过网上得知汽车买卖网站sgCarMart可让买家通过加密货币付款,于是决定用自己累积的加密货币进行交易。 洪君慧接受本报访问时指出,公司发现越来越多人,尤其是年轻人,对加密货币有一定了解并乐意使用它进行交易。 她说:“我们想让顾客使用加密货币买车,让他们知道加密货币有实际用处,而不仅仅是个虚拟的概念。” https://www.zaobao.com.sg/sme/news/story20190104-920945

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How to Get the Best Deal on a New Car

When it comes to buying a new car in Singapore, the costs may seem daunting especially with the Certificate of Entitlement (COE) and various taxes imposed. However, by knowing how to get the best deal on a new car, owning one may no longer seem so insurmountable.   1. Choosing Parallel Importers or Authorised Car…

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We Made History! First automotive retailer in the world to transact the sale of a vehicle with virtual currency!

We Made History! MHG Cars sent waves across the world of Virtual Currency as it became the first automotive retailer in the world to transact the sale of a vehicle with virtual currency. A snippet from our director, Ms Lydia Ang, on how virtual currency transactions take place at MHG Cars: “We decided to introduce…

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