I bought a car under full loan, my dealer is saying that I have to convert the vehicle to R10 scheme. What is R10 and will my name be removed as an owner?

Hi Jaleel, thank you for your question.

The R10 vehicle scheme refers to Private Hire Cars. If you intend to use your vehicle as a Private Hire Vehicle (PHV), you'll need to convert its scheme to R10. You can find detailed information about scheme conversion on the LTA website at this link: https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/scheme-conversion.html

To initiate the conversion process, log in with your SingPass credentials on www.onemotoring.lta.gov.sg>Digital Services, and select Convert Vehicle Type or Scheme. Follow the instructions provided to complete the conversion. Please note that there is a $100 administrative fee for this conversion.