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asked about General

26 days ago

I want to convert my 4 months old PHV to normal passenger car. Do I need to refinance it first or I can just go ahead and convert it online without refinancing it?

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Katherine

Hi Kelvin! You can convert your PHV to a passenger car through LTA's One.Motoring website: https://onemotoring.lta.gov.sg/content/onemotoring/home.html without the need to alter the existing PHV scheme financing.

However, if you're interested in exploring refinancing options under the passenger car scheme, it's worth considering whether it could potentially bring down the cost for you in the long run.

At Motorist, we provide Loan & Paperwork services for refinancing. If you'd like assistance with refinancing, our friendly consultants are here to help. Simply submit your details here: https://www.motorist.sg/car-loan-paperwork.

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26 days ago