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Daryl asked about General
3 months ago
259 Views 1 Answer
Hi Daryl, thanks for your question. Yes, you can convert your Private Hire Vehicle (PHV) to a personal car even if it's still under loan. Here’s how:
1. Consult your finance company to ensure compliance with your loan agreement.
2. Convert the scheme online: onemotoring.lta.gov.sg (available from 6am to midnight daily). You will need to log in using Singpass 2FA. More details can be found here: https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/scheme-conversion.html
3. Update your insurance policy for personal use.
For more specific instructions, we recommend checking with your finance company directly.
Hi Daryl, thanks for your question. Yes, you can convert your Private Hire Vehicle (PHV) to a personal car even if it's still under loan. Here’s how:
1. Consult your finance company to ensure compliance with your loan agreement.
2. Convert the scheme online: onemotoring.lta.gov.sg (available from 6am to midnight daily). You will need to log in using Singpass 2FA. More details can be found here: https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/scheme-conversion.html
3. Update your insurance policy for personal use.
For more specific instructions, we recommend checking with your finance company directly.