Friday, December 19, 2008

Helpful tips at your fingertips

Transfer of Vehicle

Step 1
The current registered owner and the buyer must complete a transfer of vehicle application form and submit it together with the documents required for transfer of vehicle.

Step 2
Pay the following fees:
1. Transfer Fee: $3 for motorcycles and scooters $10 for all other vehicles

2. Additional Transfer fee:
2% of the value of the vehicle, subject to a minimum fee of $5 in the case of a motorcycle and $20 in the case of all other vehicles. The value of the vehicle will be determined by the Registrar of Vehicles at the point of transfer of vehicle.

3. Additional Levy: Vehicles registered using COE from Category A and Category B are only allowed to apply for a transfer of vehicle after the first 3 months from the date of registration.

An additional levy (AL) is payable for transfers made within the next 3 months ban; the additional levy is the positive difference between the quota premium of the relevant car quota premium of the relevant car quota category at the point of transfer, and the quota premium paid for the registration of the car.

For forms downloads and additional information:
visit http://www.onemotoring.com.sg

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