03/11/2026
🚨 NEW CAR LOAN RULES IN SINGAPORE — DOES THIS AFFECT YOU?
From 30 October 2026, Singapore has introduced changes to car financing regulations, particularly for individuals purchasing private-hire cars (PHCs).
But before you start worrying about your next car purchase, here’s what you should know. 👀
🚗 Buying a car for personal use?
The existing regulated financing limits remain unchanged.
🚕 Buying a private-hire car under your own name?
You’ll now be subject to the same regulated financing restrictions as private-car buyers, including:
✔️ Up to 70% financing for cars with OMV of $20,000 or below
✔️ Up to 60% financing for cars with OMV above $20,000
✔️ Maximum loan tenure of 7 years
So what does this mean for your down payment, and how should you plan your next car purchase? Explore the Dongfeng BOX, VIGO and 007, and speak with our Experience Advisors to better understand your options.
📩 DM us “DONGFENG” to find out more or arrange a test drive.
*Financing is subject to approval, applicable regulations and terms. The new extension applies to qualifying individual-owned PHC purchases from 30 October 2026.*
