Forum Cars Is COE car considered hire purchase ?

Forum Cars Is COE car considered hire purchase ?

Forum Cars Is COE car consid...

  • #1331
  • #1707
    Peter Lin

    Posts: 13

    Joined: Dec 10, 2014


    Hi Yunaldo,

    You cannot take out a car loan for a renewed COE car. Therefore it will not be considered hire purchase. Hope this helps!

    • #1756
      Leo Russell

      Posts: 1

      Joined: Dec 17, 2016


      Hi there,  sorry to hijack this thread. I saw there are many finance companies offering coe renewal loan.  If coe car cannot be considered as hire purchase than what is it consider? 

      I understand that there are also some companies  pay the coe  renewal on the owners behalf by first transferring the car to the company.  After they have renewed the coe,  they will resell the car back to the original owner and from there secured a loan.  Are this consider hire purchase loan? 

Page 1 of 1

Reply to thread

Things to remember before posting

Prohibited content includes all material that:

1.Porn, inappropriate or offensive content, abusive language, including swearing, warez or leaked content.

2.Any discussion of piracy, posts of copyright material.

3.Threats of violence or harassment, bullying and impersonation of other member profiles.

4.Soliciting, begging, auctioning, raffling, selling, advertising, referrals, 'test' posts/threads.

5.Racism, discrimination, religious, political, and other "prone to huge arguments" threads.

Note: Click here for Complete list of forum Rules and Terms of Use

Who is online

Users browse this forum: 0 registered user(s) and 85 guests