FAQ

Step 1 : You will need to confirm with your financing bank/instituition that if you're allowed to use your vehicle for private hire usage as there are certain requirement imposed by the bank stating that "not for private hire usage". Should the bank/institiution confirms that your financing contract does not cover private hire usage, you will have to refinance your vehicle with another party or the current provider should they allow it. For cars that are not under financing and you're intending to use for private hire usage, skip to step 2 immediately.

Step 2 : You will need to purchase commercial insurance for your vehicle for private hire usage. Do note that commercial insurance is different from mainstream vehicle insurance in terms of both premium as well as the coverage offered to you.

Step 3 : You may choose to head down to LTA office for conversion of vehicle classification type from P10/P11 to Z10/Z11 OR do it online through onemotoring.com.sg. Do bring along a hard copy of valid commercial insurance or prepare the insurance certificate number should you do through onemotoring portal.

Step 4 : Head down to any inspection center of your convenience to have your private hire decals fixed. Do bring a hard copy of your vehicle log card that states Z10 in its specification and your commercial insurance as required supporting documents. 

Finally! head back down to Uber or Grab office for activation of your account or simply submit your details as their required supporting documents which includes your pdvl license, vehicle log card, commercial insurance and they will update in their system and you're good to go in a few hours time! Additional orientation or training may be required before you become a qualified driver.

The above infomation is furnished as accurate as of November 2019. Please keep in mind that changes in law and requirements may take place at any point of time in the future. 

You may convert your Off-Peak Car to normal car or vice versa using LTA’s digital service. Vehicle owner has to login to www.onemotoring.com.sg using his/her SingPass/CorpPass 2FA to apply for the conversion. Vehicle owner can pay for the conversion fee, top-up rebates (if applicable) and road tax using his/her credit/debit card (VISA/Mastercard) or Internet Banking account (Citibank, DBS/POSB, OCBC/Plus!, Standard Chartered Bank or UOB).

For vehicle owners who are not eligible for SingPass/CorpPass (i.e. Foreigners), You can apply for the conversion at LTA Customer Service Centre, 10 Sin Ming Drive Singapore 575701 with the following documents:

• Duly completed R10 - Application For Conversion of Off-Peak Car (OPC)/ Weekend Car (WEC)/ Normal Car
• Original certificate for motor insurance, covering the remaining road tax period
• Original periodic inspection certificate (if applicable)
• Identification documents of the registered vehicle owner
  • For individual owners (Foreign National without FIN):
    • Original Passport of Current Owner or Letter from Immigration & Checkpoints Authority of Singapore/Ministry of Manpower on the return of Employment/Immigration Pass Card or NRIC, and Original Passport
• Administrative fee of $100
• Top-up the unused upfront rebate (if applicable)
• Road Tax Payment of
  • Conversion to Normal Car - Road tax payment under the normal car scheme from the date of conversion

Upon successful conversion, vehicle owners are required to change the vehicle registration number plates to reflect the car’s new scheme within 3 calendar days from the date of conversion.

The OPC scheme was implemented on 1 October 1994 to replace the Weekend Car (WEC) scheme. The OPC scheme offers new and existing car owners the option to save on car registration and road taxes in return for reduced usage of the cars.

 From 25 January 2010, the revised OPC scheme replaces the OPC scheme.  Cars converted to or new cars registered under the revised OPC scheme will enjoy unrestricted usage on Saturdays and eves of New Year, Lunar New Year, Hari Raya Puasa, Deepavali and Christmas in exchange for reduced road tax discounts

Off-Peak Car (OPC)/Revised OPC (ROPC) are not allowed to be used as Private hire Car (PHCs)/rental cars as they belong to different vehicle schemes.

Yes, CarQuotations will be able to apply on your behalf and on top of that, we are an in-house finance company as well, thus giving you an extra reason to choose us. .

A “VAC Ready Stock” vehicle by definition, means that the car has gone through all the needed paperwork and checks by LTA. All that is left is a piece of COE and the registration of your vehicle which can be registered online and your car can be on-the-road immediately. 

It is highly recommended to ask for a VAC certificate before placing a deposit for your new car as it's an assurance the vehicle is LTA compliant and approved for immediate road usage. 

When you apply for a loan to finance your vehicle, regardless of new or used, financial institutions including CarQuotations Finance usually have a set of minimum requirements to assess your eligibility. The common minimum requirements are:

- $2,000 and above of monthly income
- No trace of bankruptcy
- Age not exceeding 65 years old

Once you fulfill the above minimum requirements, normally, you wouldn't need a guarantor to secure a loan. Do note that different financial institutions have different requirements, so its case by case subject to individual profile.

Yes, you will be charged GST if you are buying a vehicle from a GST-registered business entity. But although commonly, GST has been included in the asking price.

Buying: More money upfront, pay off the auto loan (which eliminates a month cost), Freedom to sell or trade whenever, usually cost less than leasing over time, full ownership under your name, car's value depreciates as soon as you drive off.

Leasing: Cost less upfront payment, if you always lease you'll make a car payment for life, lease contract is difficult and expensive to break, get tax break if you use the car for business purpose, able to upgrade to newest model every couple of years, owe fees for exceeding annual mileage limits or any damage to car.