Auzzi Shopping

The Times Real Estate

.

Today's Features at Auzzi

The Evolving Landscape of Education Recruitment Melbourne

From the growing demand for qualified teachers to the increasing importance of support and administrative roles, schools and educational institutions across the city are more focused than ...

Why Website Redesign Services Are a Smart Investment

Your website is often the first stop for any potential customer. According to a study, 73% of users leave a website with outdated design or poor functionality. (Source: Goodfirms) That nu...

Dogging Courses: Professional Rigger and Lifting Safety Training

Understanding Dogging in Industrial Settings Dogging is a specialized profession within the construction, manufacturing, and industrial sectors that involves signaling and directing the m...

Why is an SEO Company the best choice for Australian SaaS businesses?

SaaS (Software as a Service) is continually changing and competitive. Creating a unique brand is crucial. However, how can you ensure potential customers can find your product among the co...

Top Visa Services Offered by Immigration Agents in Perth

Perth immigration agents provide professional assistance to people in effectively navigating the intricate Australian visa and migration processes. They are in depth understanding of imm...

The Unexpected Design Trick That Makes Small Outdoor Areas Feel Bigger

Small outdoor spaces can be incredibly charming — but they can also be tricky to design. It doesn’t take much for a compact courtyard, balcony, or patio to feel cramped or cluttered. A...

Avoid These 5 Common Mistakes When Buying a Second-Hand Car in Brisbane

Buying a second-hand vehicle in Brisbane can be a fun and affordable way to hit the road. From a trusty sedan to a roomy SUV to a performance hatchback, plenty of options are available in ...

Sgcarmart Introduces New Financing Initiative for Used Cars

  • Written by Auzzi Shopping

A new fully-digital 'Smart Loan' service for used car buyers

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
Sgcarmart user exploring Sgcarmart Smart Loan

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.

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

For more information on KINTO membership, please visit here.

^Promotional terms and conditions apply.

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






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

About Sgcarmart

Sgcarmart is Singapore's #1 car platform. With over 30,000 listings, it offers the largest database of new and used cars, with an average of 10 cars sold every hour, helping to drive approximately 70% of all second-hand car transactions in Singapore. The platform receives more than 1.6 million users every month, offering the highest level of support for drivers with its suite of value-added car ownership & transactional services.