Both parties should arrange a viewing to inspect and test drive the vehicle. If the buyer is satisfied, they will place a deposit, and both parties will sign a sales & purchase agreement. We can take over the remaining paperwork once we have received the signed sales & purchase agreement. You may download a copy of the sales & purchase agreement here.

Most vehicle transactions can be completed if you have a good knowledge of how car ownerships works in Singapore. LTA has made the transaction process reasonably simple. However, it gets slightly more complicated when bank loans are involved. For example, when there is an outstanding bank loan that requires a full settlement, or when the buyer needs a new bank loan. To ensure a smooth handover, you may seek professional help to facilitate the process.

We assist both sellers and buyers by ensuring all the necessary paperwork is completed for a smooth and hassle-free handover. Our services include:

• Ensure all payment matters from buyer and seller are settled
• Ensure necessary documents are in order before submission
• Full settlement of seller’s outstanding loan
• Sourcing bank loan and motor insurance for buyer
• Cancellation and refund of motor insurance for seller
• Vehicle ownership transfer
• Facilitate the vehicle evaluation process before handover
• Retention of licence plate number

We at Motorist believe in being transparent about all our processes. All fees will be agreed upon before we proceed with any case.

We can offer you loans from all major banks in Singapore, including in-house loans, depending on your requirements. Please speak to us for an obligation-free consultation. It typically takes between three to five working days for your bank loan to be approved.

Yes, you can. However, you might incur additional admin fees. Please speak to us if you wish to use our service, but prefer to source for your own bank loan or insurance.