COE COE
Certificate of Entitlement — required to own a vehicle in Singapore for a fixed period. COE strongly affects vehicle price and the financing amount.
Glossary
Focused terms only for auto financing in Singapore. Use this to align terminology before comparing offers, and to reduce misunderstandings (flat rate vs EIR, LTV caps, affordability checks).
PQP PQP
Prevailing Quota Premium — a COE-related reference used in some renewal and rebate discussions.
OMV OMV
Open Market Value — an assessed value referenced in taxes and rebate logic; commonly referenced when explaining ownership costs and rebates.
ARF ARF
Additional Registration Fee — a registration tax component that influences ownership cost and rebate calculations.
PARF PARF
Preferential ARF rebate — a rebate you may receive on deregistration, depending on vehicle age and ARF.
LTV LTV
Loan-to-Value — the maximum % of the vehicle value that can be financed. Higher down payment reduces loan amount and can improve approval odds.
TDSR TDSR
Total Debt Servicing Ratio — an affordability measure limiting total monthly debt obligations relative to income.
EIR EIR
Effective Interest Rate — annualized rate reflecting the total borrowing cost and how interest is applied over time.
Flat rate FLAT_RATE
A simplified rate quoted on principal (not the declining balance). Not directly comparable to EIR unless converted.
Fees FEES
Non-interest charges that can materially change total cost. Always include fees when comparing offers apples-to-apples.
Total cost of financing TOTAL_COST
Interest + fees across the tenure (and required add-ons). The most reliable comparison metric between offers.
Next step: Use this glossary together with Compare Costs Fairly (G2) and the Checklists to turn definitions into actions (what to collect, what to compare, what triggers rework).