{"id":31003,"date":"2023-04-03T02:00:00","date_gmt":"2023-04-03T02:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2023\/04\/03\/sgcarmart-introduces-new-financing-initiative-for-used-cars\/"},"modified":"2023-04-04T15:30:51","modified_gmt":"2023-04-04T15:30:51","slug":"sgcarmart-introduces-new-financing-initiative-for-used-cars","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2023\/04\/03\/sgcarmart-introduces-new-financing-initiative-for-used-cars\/","title":{"rendered":"Sgcarmart Introduces New Financing Initiative for Used Cars"},"content":{"rendered":"\n<div lang=\"en\">\n<div>SINGAPORE &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\" rel=\"sponsored\">Media OutReach <\/a>&#8211; 3 April 2023 &#8211; Sgcarmart, Singapore&#8217;s #1 car platform for buying &amp; selling cars, officially introduced it&#8217;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.<img loading=\"lazy\" class=\"size-medium wp-image-31004 alignleft\" src=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/04\/DSC_4250_wide-300x157.jpg\" alt=\"\" width=\"300\" height=\"157\" srcset=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/04\/DSC_4250_wide-300x157.jpg 300w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/04\/DSC_4250_wide-768x401.jpg 768w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/04\/DSC_4250_wide.jpg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<figure style=\"display: block; width: 100%; margin: 0px; padding: 0px; text-align: center;\" data-width=\"100%\"><noscript><img src=\"https:\/\/images.media-outreach.com\/345907\/DSC-4250-wide.jpg\" alt=\"Sgcarmart user exploring Sgcarmart Smart Loan\" style=\"width: 100%;margin: 0px\"\/><\/noscript><\/figure>\n<p><i>Sgcarmart user exploring Sgcarmart Smart Loan<\/i><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>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&#8217;s transaction data. This has led to a build up of used car dealer inventory.<\/p>\n<p>Sgcarmart&#8217;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<br \/>\n<b>enjoy incredible savings on monthly repayments with an interest rate 2.28%^<\/b> plus<br \/>\n<b>$1,700 worth of perks,<\/b> including a $500 cashback and an exclusive KINTO membership program.<b><\/b><\/p>\n<p>&#8220;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.&#8221;<br \/>\n<b>Mr Vinod Cherumadathil \u2013 Managing Director &amp; CEO of Sgcarmart.<\/b><\/p>\n<p>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<br \/>\n<b><a href=\"https:\/\/www.sgcarmart.com\/car_loan\" rel=\"sponsored\">savings calculator<\/a><\/b><b>.<\/b><b><\/b><\/p>\n<p>For more information on Sgcarmart Smart Loan, please visit<\/p>\n<p><a href=\"https:\/\/www.sgcarmart.com\/car_loan\/\" rel=\"sponsored\">www.sgcarmart.com\/car_loan<\/a><\/p>\n<p>For more information on KINTO membership, please visit<br \/>\n<a href=\"https:\/\/one.kinto-sg.com\/membership\/program\/\" rel=\"sponsored\">here<\/a>.<\/p>\n<p>^Promotional terms and conditions apply.<\/p>\n<p><b>Hashtag: <\/b>#Sgcarmart #SgcarmartSmartLoan #DigitalSmartLoan #SgcarmartFinancialServices #CarLoans #CarFinancing<\/p>\n<p><em>The issuer is solely responsible for the content of this announcement.<\/em><\/p>\n<\/div>\n\n<p><a href=\"https:\/\/www.media-outreach.com\/news\/singapore\/2023\/04\/03\/208693\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211; Media OutReach &#8211; 3 April 2023 &#8211; Sgcarmart, Singapore&#8217;s #1 car platform for buying &amp; selling cars, officially introduced it&#8217;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 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":31004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/31003"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=31003"}],"version-history":[{"count":1,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/31003\/revisions"}],"predecessor-version":[{"id":31054,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/31003\/revisions\/31054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/31004"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=31003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=31003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=31003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}