Asian Spectator

Men's Weekly

.

Sgcarmart Introduces New Financing Initiative for Used Cars

  • Written by Toyota Financial Services Singapore Pte Ltd
SINGAPORE - Media OutReach - 3 April 2023 - Sgcarmart, Singapore's #1 car platform for buying & selling cars, officially introduced it's new revolutionary car financing service, Sgcarmart Smart Loan today. This new fully-digital service seeks to boost used car sales in Singapore by offering car buyers below-market interest rates and a fast online approval process that can be done via MyInfo.

Sgcarmart user exploring Sgcarmart Smart Loan

[1]
In the wake of rising car prices and the surge in COE premiums, demand for used cars has declined by up to 15% since the beginning of 2022, as evidenced by Sgcarmart's transaction data. This has led to a build up of used car dealer inventory.

Sgcarmart's Smart Loan aims to benefit both dealers and buyers, by boosting inventory turnover through the provision of attractive interest rates and lower monthly repayments. As a launch promotion, buyers can enjoy incredible savings on monthly repayments with an interest rate 2.28%^ plus $1,700 worth of perks, including a $500 cashback and an exclusive KINTO membership program.

"Buying a used car has become tough to finance with COE premiums being as they are now. The introduction of the new Sgcarmart Smart Loan service is a two-pronged approach aimed at providing greater support to dealers and also enhancing value for our users." Mr Vinod Cherumadathil – Managing Director & CEO of Sgcarmart.

Sgcarmart Smart Loan is a revolutionary car-financing initiative that ensures a seamless buying experience offering below-market interest rates, fast and actual approval, with exceptional customer service. Used car buyers can also compare their total savings if they take a car loan with Sgcarmart against other financial institutions with the online savings calculator[2].

For more information on Sgcarmart Smart Loan, please visit www.sgcarmart.com/car_loan[3]

For more information on KINTO membership, please visit here[4].

^Promotional terms and conditions apply.

Hashtag: #Sgcarmart #SgcarmartSmartLoan #DigitalSmartLoan #SgcarmartFinancialServices #CarLoans #CarFinancing

The issuer is solely responsible for the content of this announcement.

References

  1. ^ Media OutReach (www.media-outreach.com)
  2. ^ savings calculator (www.sgcarmart.com)
  3. ^ www.sgcarmart.com/car_loan (www.sgcarmart.com)
  4. ^ here (one.kinto-sg.com)

Authors: Toyota Financial Services Singapore Pte Ltd

Read more https://www.media-outreach.com/news/singapore/2023/04/03/208693/

Magazine

PBB sebut dunia memasuki era kebangkrutan air, tanda-tandanya sudah nyata

Di tengah perubahan iklim, dunia masih saja menggunakan air tawar dalam jumlah yang sangat besar. Akibatnya, kita mencapai titik yang disebut sebagai era kebangkrutan air. Banyak wilayah kini tidak la...

Transisi energi berkeadilan dimulai dari suaramu. Isi survei sekarang!

Isu transisi energi bukan cuma urusan pemerintah atau ahli kebijakan. Perubahan cara kita memproduksi dan menggunakan energi tentu membentuk arah ekonomi ke depan, mulai dari jenis lapangan kerja yang...

Menghilang 50.000 tahun lalu, riset ungkap apa yang terjadi pada habitat para ‘hobbit’ Flores

_Homo floresiensis_ skull.Wikimedia Commons, CC BY-SASekitar 50 ribu tahun lalu, umat manusia kehilangan salah satu kerabat hominin terakhirnya, Homo floresiensis—yang dijuluki “hobbit&rdq...