Motor Financing
Finance Your Dream Vehicles
XL Motor Financing aims to help customers to fulfil their business needs to take their business to the next level.
Drive Smart: Commercial Vehicle Flexible Motor Financing & Leasing in Singapore
Growing your business in Singapore, a trustworthy vehicle isn’t a luxury anymore, it’s a necessity. From delivering goods to transporting products or overseeing field services, commercial vehicles are really important. They are the lifeline of your business. XL Motor is thus here to provide flexible motor financing and leasing of commercial vehicles designed to fit your business needs.
For most small and medium enterprises, the upfront cost of investing in a brand-new commercial vehicle can be overwhelming. That’s why leasing is a viable and scalable solution. With XL Motor, businesses can lease everything from light-duty vans to heavy-duty commercial trucks in Singapore without draining their cash reservoir. Leasing allows you to enjoy the benefits of car ownership without the massive upfront cost or long-term commitment.
The best part? You’re not limited to new models. XL Motor also offers second-hand commercial vehicles in Singapore, helping businesses find affordable, high-quality options that are well-maintained and ready to hit the road. If you require a pickup truck in Singapore or are looking to upgrade your existing fleet, their extensive inventory makes it easy to find a vehicle that fits your exact requirements.
Solutions
We are able to provide you motor financing solutions in:
Brand New Commercial Vehicle & Private Car Purchase
Used Commercial Vehicle & Private Car Purchase
Certificate of Entitlement (COE) Financing.
Simplified Finance Product
On top of all these, XL Motor’s motor finance products are simplified. With highly competitive interest rates, hassle-free payment schedules, and customer-friendliness, financing your Singapore business car next time has never been simpler. Their customer service officer will be able to sit down with every customer to address their business operations as well as budget, to make sure that the proper financing plan is paired with the proper vehicle.
But it doesn’t stop at picking up the keys. XL Motor provides support every step of the way in your leasing journey, with servicing and maintenance options that keep your vehicles running smoothly, minimizing downtime and maximizing productivity.
Car Loan Application
Eligibility
- 18 years old and above*
- Singaporean and Singapore PR
- Foreigner (a local guarantor is required)*
Document Required
(For Car Or Commercial Vehicle Loan Application)
Company Application
1. A copy of company ACRA
2. Front and back copies of company director or sole proprietor NRIC
3. Income documents
– Latest 2 years Income Tax Notice of Assessment or
– Latest 3 months of Company Bank Statement
4. Complete application form
Individual Application (Self Employed & Salaried Employee)
1. Front and back copies of NRIC
2. Income documents
– Latest 3 months of computerised payslip or
– Latest 2 years Income Tax Notice of Assessment or
– Latest 12 months CPF Contribution History
3. Complete application form
4. Passport, Proof of Residence and Work Permit with validity date 6 months before expiry date (for foreigners only)
Procedure
(For Car Or Commercial Vehicle Loan Application)
Car or commercial vehicle loan submission to Hire Purchase Department. Application can be submitted over counter or via email admin@xlmotor.com.sg
Car or commercial vehicle loan application processed by Credit Loan Team.
Loan application result promise to be delivered by next business day**
**In-house loan application only.
Conclusion
So, whether you’re starting new or adding more cars to your fleet, leasing a business car with XL Motor offers you the flexibility, affordability, and reliability that you need. From pick-up trucks to commercial trucks, their motor financing and leasing solution is your door to smarter business mobility in Singapore.
