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In Singapore, most cars are relatively new, typically less than ten years old. Occasionally, you might encounter vehicles older than ten years, commonly called COE cars—cars that have renewed their Certificates of Entitlement (COE). However, even these COE cars are usually less than 20 years old. On rare occasions, you might spot a classic car on the road. These vehicles stand out for their nostalgic, old-school charm and their distinctive red-and-yellow license plates with white lettering, making them easily recognisable. A quick search on Sgcarmart reveals a variety of classic cars currently available for sale in Singapore. Some notable models include the Porsche 928 from 1981, the Datsun 280ZX from 1984, and the Ferrari Dino from 1977. For car enthusiasts in Singapore, these classic cars offer a unique blend of history and charm, making them irresistible additions to any collection. Classic cars are not usually bought to be used as daily drivers. If you own a classic car, chances are you would likely have at least one other vehicle you would use if you drive regularly. The Land Transport Authority (LTA) in Singapore introduced the Classic Vehicle Scheme (CVS) to preserve and promote the heritage of classic cars. To register a car, motorcycle, or scooter under the CVS, the vehicle must be at least 35 years old from its original registration date. To own a classic car in Singapore, there are three ways to get one. Firstly, you can buy an existing classic car from the local market that has already been registered. This would be a vehicle that is already at least 35 years old or registered since 1989 as of 2024. Alternatively, if you see a classic car that you really like from overseas, you can import and register it to bring it into Singapore. You might wish to get a motor dealer to register the vehicle for you, as the documents to be submitted can be quite cumbersome. Lastly, you can convert your Singapore-registered cars, motorcycles, or scooters to classic vehicles as long as they are at least 35 years old from their original registration date. Under the Classic Vehicle Scheme, the Certificate of Entitlement (COE) is just 10% of the Prevailing Quote Premium in the appropriate vehicle category. Road tax is at $280 a year. You still have to pay the usual Additional Registration Fee (ARF) and Excise Duty, which will add to the cost of the car. To find out the cost of these items, read our . While the COE and road tax for cars under the Classic Vehicle Scheme are much cheaper, some of the limitations of buying and owning a classic car in Singapore are worth noting. The usual car loans you can apply for through a bank are usually not applicable when buying a classic car. While alternate financing options could be available, interest rates would likely be higher. You will be issued 28 free Day Licenses per calendar year when you register your vehicle under the Class Vehicle Scheme and renew your road tax annually. You can also buy up to 17 additional Day Licences at $20 per licence. In other words, you can only use your classic vehicle for 45 days in a calendar year, including weekends and public holidays. Also, you must apply to LTA for approval before breaking the vehicle registration number plate seal for repairs or other work on your classic car. While the allure of owning a classic car in Singapore is undeniable for enthusiasts, it comes with a unique set of challenges and considerations. Prospective owners must navigate the limitations on usage and the complexities of financing, in addition to the expected challenges of maintaining and fixing the car that one should naturally expect when owning a classic car. However, the Classic Vehicle Scheme allows those passionate about automotive history to own a classic car even within Singapore’s strict vehicle regulations. Credit your salary to get S$300, then spend with us to enjoy additional S$200. . T&Cs apply. SGD Deposits are insured up to S$100K by SDIC.