Most Singaporean prefers dealership financing because they offer a one-stop solution. Dealers offer car loan Singapore for new and used cars only. You know that most dealers are a link between you and the lender. Such a dealer will give you money, but you will be able to sell loan applications to lenders. This option is easy but makes sure the dealer charges higher interest rates. For that, you should do research and beware of any red flag. Plus, if you feel the need, do not choose an add-on. This will reduce costs.
The bank and the financial institution provide loans for any purpose, such as personal items or even holiday tours. You can take advantage of personal loans to buy your dream car. Now, this kind of financing is useful when you need a loan for a small amount of $ 15,000.