A new car gives you a full 10-year COE and the latest model, but it loses value fastest in its first few years. A used car lets someone else take most of that early drop. You pay for the COE years that are left, and you can pick a model with a proven track record. If you want the most car for your budget, used is often the better deal.
A Certificate of Entitlement (COE) gives the right to own a car in Singapore for 10 years. When you buy used, you're really buying the years left on that COE. More years left usually means a higher price but a lower cost per year. Every Lionheart stock card shows the COE expiry date so you can compare.
You can either renew the COE by paying the Prevailing Quota Premium (PQP) for 5 or 10 more years, or deregister the car (scrap or export it). Check the current renewal rules for your car on OneMotoring.
When a car is deregistered early, you may get money back:
The rates depend on when the car got its COE and when it was first registered. Check the exact figures for your car on OneMotoring.
Annual depreciation is roughly (price minus the rebates you'd get back at the end) divided by the years of COE left. It's the most useful single number for comparing used cars with different ages and COE lengths. Ask us and we'll walk you through the numbers for any car.
For loans from banks and finance companies, MAS sets these limits:
All financing is subject to approval.
We offer both bank loans and in-house loans, subject to approval. A bank loan from a regulated lender follows the MAS limits above. Whichever you choose, check exactly what you're signing, and ask us to explain any term you're unsure of.
Transparent fees, no surprises. Our admin fee depends on how you pay:
Yes. We check every car before we buy it in and again before we sell it, to make sure it's in good driving condition. You're also welcome to arrange your own pre-purchase inspection (see below).
Yes. Place a S$1,000 deposit, then book an inspection at STA (S$237.62, paid by you) or at any workshop of your choice (at your cost). The S$1,000 deposit is refunded only if the STA inspection grades the car D or below, or a workshop inspection finds a major chassis, engine or gearbox problem. If the car is graded C or above, the deposit is not refunded.
It's one signal among many. Service history and condition matter more than the number alone. A well-maintained high-mileage car can be a better buy than a neglected low-mileage one.
Insurance stays with the policy, not with the car, so you'll need your own policy in place before the car is transferred to you. Your No-Claim Discount (NCD) belongs to you as the driver and can usually move with you from your current car. We can help you get quotes.
Road tax is based on engine capacity (or power, for electric cars). It's the same whether the car is new or used, until the car turns 10. After that, a yearly surcharge applies. Road tax must be valid at transfer.
The transfer is done online through LTA's OneMotoring, using Singpass. Your insurance and any loan need to be in place first, and LTA charges a transfer fee. We handle the paperwork with you. Our fees are transparent, with no surprises, and we'll list every charge in writing before you sign.
Tap Enquire on any car on our home page, or WhatsApp us at +65 8879 2112, and tell us which car you'd like to see and when. We'll confirm it's still available and arrange a time at our showroom at 39 Woodlands Close #08-77A, Mega@Woodlands, Singapore 737856.
Yes. If you'd rather sell your car on consignment than sell it to us outright, WhatsApp us at +65 8879 2112. We'll explain how consignment works and any fees, in writing, before you agree.
Fill in the trade-in form on our home page; it sends your details to us on WhatsApp. You'll also need your car's vehicle access code, which is required for a trade-in quote. Request one from LTA with your Singpass and send it to us so we can check your car's PARF/COE rebate. We'll come back with an offer, and if you're also buying from us, we can set the trade-in against your next car.
Every car, including consignment units, comes with a 1-year engine and gearbox warranty and 1 free servicing, under our warranty policy. Our 1-year warranty is provided through our partner workshop and covers the engine and gearbox only, under the workshop's warranty terms. Other parts are not covered.
39 Woodlands Close #08-77A, Mega@Woodlands, Singapore 737856. Open Mon–Sat 10am–6pm and Sun 2–6pm. WhatsApp us at +65 8879 2112.
Have a question that isn't here? Tap Enquire on any car, or WhatsApp us at +65 8879 2112. Visit us at Mega@Woodlands: Mon–Sat 10am–6pm, Sun 2pm–6pm.