Commercial Vehicle In Singapore Requires A CAT C Or CAT E COE<\/h3>\n\n\n\n
Like all other vehicles in Singapore, commercial vehicles require a valid Certificate of Entitlement (COE). This will be under Category C, which is for Goods Vehicle & Bus. Commercial vehicles can also be registered using a Category E COE, though this may not make financial sense since Category E COE prices are usually higher than Category C \u2013 because it is an open category that can be used for any vehicle. As of July 2025, Category C COE price is $70,001 while Category E COE is $122,334.<\/p>\n\n\n\n
Another key difference between commercial and private vehicles in Singapore is that commercial vehicles have a maximum life span of 20 years. You can\u2019t continue using the vehicle after 20 years, even if you want to renew the COE. Note that you still have to renew your COE after 10 years are up.<\/p>\n\n\n\n
Like passenger cars, the registration fee is $350 for all commercial vehicles.<\/p>\n\n\n\n
However, unlike passenger cars, which can only be financed up to 70%, commercial vehicle buyers can get financing up to 90%.<\/p>\n\n\n\n
Different Types Of Commercial Vehicles In Singapore<\/strong><\/h3>\n\n\n\nAccording to One Motoring<\/a>, a website by the Land Transport Authority (LTA), Singapore has four main types of commercial vehicles.<\/p>\n\n\n\nThere are the\u00a0<\/p>\n\n\n\n
1) Goods-Cum-Passenger Vehicles (GPVs); <\/strong>
2) Light Goods Vehicle (LGVs); <\/strong>
3) Heavy Goods Vehicles (HGVs); <\/strong>
4) Very Heavy Goods Vehicles (VHGVs).\u00a0<\/strong><\/p>\n\n\n\nThe various classifications will determine how much taxes you will need to pay when buying a commercial vehicle.<\/p>\n\n\n\n
Goods-Cum-Passenger Vehicles (GPVs)<\/strong><\/h3>\n\n\n\nGoods-Cum-Passenger Vehicles (GPVs) can be used to ferry both goods and passengers. According to LTA, they can have a maximum laden weight (MLW) \u2013 total weight of the vehicle plus the load it\u2019s carrying \u2013 of up to 5,000kg. <\/p>\n\n\n\n
For GPVs, the Additional Registration Fee (ARF) is similar to that of passenger cars. This means the ARF is 100% of the Open Market Value (OMV) for the first $20,000, 140% for the next $20,000 (i.e. $20,001 to $40,000), 190% for the next $20,000 (i.e. $40,001 to $60,000), 250% for the net $20,000 (i.e. $60,001 to $80,000) and 320% for any amount above $80,000. This makes them as expensive to own as regular passenger cars.<\/p>\n\n\n\n![\"\"](\"https:\/\/dollarsandsense.sg\/business\/wp-content\/uploads\/2023\/04\/ARF-For-Goods-cum-Passengers-Vehicles-1024x562.png\")
<\/figure>\n\n\n\nFor example, the Ford Ranger Raptor Diesel, which is a GPV (pick-up truck), costs $182,888 (excluding COE).<\/p>\n\n\n\n![\"\"](\"https:\/\/dollarsandsense.sg\/business\/wp-content\/uploads\/2023\/04\/Ford-Ranger-Raptor-1024x529.png\")
<\/figure>\n\n\n\nWhile it\u2019s an impressive vehicle that could be comparable to many passenger cars, and there are some other GPVs in Singapore, such as the Ssangyong Musso Sports Diesel ($109,888 excluding COE) that are more affordable, do note that commercial vehicles have to adhere to a different set of speed limits in Singapore. <\/p>\n\n\n\n
So, if you are considering getting a GPV to ferry employees instead of a regular car, be aware of these added restrictions. <\/p>\n\n\n\n <\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr>MLW \u2264 3.5 <\/td> $372 (Diesel and Diesel Hybrid)
$298 (Green and Petrol)<\/td><\/tr> MLW Above 3.5<\/td> $487(Diesel and Diesel Hybrid)
$390 (Green and Petrol)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nLight Goods Vehicles (LGVs)<\/strong><\/h3>\n\n\n\nLight Goods Vehicles (LGVs) are commercial vehicles with a maximum laden weight (MLW) of up to 3,500kg or 3.5 tonnes. LGVs can be used to carry goods or are minibuses with a maximum seating capacity of up to 15 passengers. LGVs that are used for carrying goods would typically only have front seats, allowing them to have only 2 or 3 passengers (e.g., lorries and commercial vans).\u00a0<\/p>\n\n\n\n
The Additional Registration Fees (ARF) for LGVs are 5% of their OMV. This lower ARF tax rate makes them cheaper to own than GPVs. For example, the popular Mitsubishi Fuso (a lorry) costs about $123,800 with COE, and the Renault Kangoo E-Tech Electric (a commercial van) costs about $52,800 excluding COE.<\/p>\n\n\n\n
Road tax for LGVs are as such: <\/p>\n\n\n\n <\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr>Diesel and Diesel Hybrid<\/td> $213<\/td><\/tr> Petrol and Petrol Hybrid<\/td> $170<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nHeavy Goods Vehicles (HGVs)<\/strong><\/h3>\n\n\n\nHeavy Good Vehicles (HGVs) are commercial vehicles with a maximum laden weight (MLW) of between 3,501kg to 16,000kg or 3.5 tonnes to 16 tonnes. These would include bigger lorries and trucks. Similar to the LGVs, the Additional Registration Fees (ARF) for HGVs is just 5% of its OMV.<\/p>\n\n\n\n
Road tax for HGVs is as such: <\/p>\n\n\n\n <\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr>3.5 < MLW \u2264 7 <\/td> $328 (Diesel and Diesel Hybrid)
$262 (Green and Petrol)<\/td><\/tr> 7 < MLW \u2264 11 <\/td> $362 (Diesel and Diesel Hybrid)
$289 Green and Petrol)<\/td><\/tr> 7 < MLW \u2264 16 <\/td> $489 (Diesel and Diesel Hybrid)
$391 Green and Petrol)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nVery Heavy Goods Vehicles (VHGVs)<\/strong><\/h3>\n\n\n\nVehicles with a maximum laden weight of more than 16,000kg are classified as Very Heavy Goods Vehicles (VHGVs). Examples of these vehicles would include garbage trucks, prime movers and large container trucks. Similar to both the LGVs and HGVs, the Additional Registration Fees (ARF) for VHGVs is 5% of its OMV. <\/p>\n\n\n\n
Road tax for VHGVs depends on their maximum laden weight (MLW). This can be from $553 (MLW of between 16 to 20 tonnes) to $1,488 (MLW above 55 tonnes) for diesel and diesel hybrid vehicles. <\/p>\n\n\n\n
Typically, you would only need to buy HGVs and VHGVs if it\u2019s directly related to the business services that your company provides, rather than for generic transportation of workers and goods. For example, if you own a car repair workshop, you may need to have tow trucks to recover your customers\u2019 vehicles. If you provide passenger transportation services, then you may need a 49-seater bus.<\/p>\n\n\n\n
If you are interested in getting a commercial vehicle, whether new or used, and require some financing, you can get up to 90% of financing from banks over a period of 8 years. You can check out local banks such as OCBC to get financial support for loans that you may need<\/a>. <\/p>\n\n\n\n
There are the\u00a0<\/p>\n\n\n\n
1) Goods-Cum-Passenger Vehicles (GPVs); <\/strong> The various classifications will determine how much taxes you will need to pay when buying a commercial vehicle.<\/p>\n\n\n\n Goods-Cum-Passenger Vehicles (GPVs) can be used to ferry both goods and passengers. According to LTA, they can have a maximum laden weight (MLW) \u2013 total weight of the vehicle plus the load it\u2019s carrying \u2013 of up to 5,000kg. <\/p>\n\n\n\n For GPVs, the Additional Registration Fee (ARF) is similar to that of passenger cars. This means the ARF is 100% of the Open Market Value (OMV) for the first $20,000, 140% for the next $20,000 (i.e. $20,001 to $40,000), 190% for the next $20,000 (i.e. $40,001 to $60,000), 250% for the net $20,000 (i.e. $60,001 to $80,000) and 320% for any amount above $80,000. This makes them as expensive to own as regular passenger cars.<\/p>\n\n\n\n For example, the Ford Ranger Raptor Diesel, which is a GPV (pick-up truck), costs $182,888 (excluding COE).<\/p>\n\n\n\n While it\u2019s an impressive vehicle that could be comparable to many passenger cars, and there are some other GPVs in Singapore, such as the Ssangyong Musso Sports Diesel ($109,888 excluding COE) that are more affordable, do note that commercial vehicles have to adhere to a different set of speed limits in Singapore. <\/p>\n\n\n\n So, if you are considering getting a GPV to ferry employees instead of a regular car, be aware of these added restrictions. <\/p>\n\n\n\n Light Goods Vehicles (LGVs) are commercial vehicles with a maximum laden weight (MLW) of up to 3,500kg or 3.5 tonnes. LGVs can be used to carry goods or are minibuses with a maximum seating capacity of up to 15 passengers. LGVs that are used for carrying goods would typically only have front seats, allowing them to have only 2 or 3 passengers (e.g., lorries and commercial vans).\u00a0<\/p>\n\n\n\n The Additional Registration Fees (ARF) for LGVs are 5% of their OMV. This lower ARF tax rate makes them cheaper to own than GPVs. For example, the popular Mitsubishi Fuso (a lorry) costs about $123,800 with COE, and the Renault Kangoo E-Tech Electric (a commercial van) costs about $52,800 excluding COE.<\/p>\n\n\n\n Road tax for LGVs are as such: <\/p>\n\n\n\n Heavy Good Vehicles (HGVs) are commercial vehicles with a maximum laden weight (MLW) of between 3,501kg to 16,000kg or 3.5 tonnes to 16 tonnes. These would include bigger lorries and trucks. Similar to the LGVs, the Additional Registration Fees (ARF) for HGVs is just 5% of its OMV.<\/p>\n\n\n\n Road tax for HGVs is as such: <\/p>\n\n\n\n Vehicles with a maximum laden weight of more than 16,000kg are classified as Very Heavy Goods Vehicles (VHGVs). Examples of these vehicles would include garbage trucks, prime movers and large container trucks. Similar to both the LGVs and HGVs, the Additional Registration Fees (ARF) for VHGVs is 5% of its OMV. <\/p>\n\n\n\n Road tax for VHGVs depends on their maximum laden weight (MLW). This can be from $553 (MLW of between 16 to 20 tonnes) to $1,488 (MLW above 55 tonnes) for diesel and diesel hybrid vehicles. <\/p>\n\n\n\n Typically, you would only need to buy HGVs and VHGVs if it\u2019s directly related to the business services that your company provides, rather than for generic transportation of workers and goods. For example, if you own a car repair workshop, you may need to have tow trucks to recover your customers\u2019 vehicles. If you provide passenger transportation services, then you may need a 49-seater bus.<\/p>\n\n\n\n If you are interested in getting a commercial vehicle, whether new or used, and require some financing, you can get up to 90% of financing from banks over a period of 8 years. You can check out local banks such as OCBC to get financial support for loans that you may need<\/a>. <\/p>\n\n\n\n
2) Light Goods Vehicle (LGVs); <\/strong>
3) Heavy Goods Vehicles (HGVs); <\/strong>
4) Very Heavy Goods Vehicles (VHGVs).\u00a0<\/strong><\/p>\n\n\n\nGoods-Cum-Passenger Vehicles (GPVs)<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\n<\/figure>\n\n\n\n <\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr> MLW \u2264 3.5 <\/td> $372 (Diesel and Diesel Hybrid)
$298 (Green and Petrol)<\/td><\/tr>MLW Above 3.5<\/td> $487(Diesel and Diesel Hybrid)
$390 (Green and Petrol)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nLight Goods Vehicles (LGVs)<\/strong><\/h3>\n\n\n\n
<\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr> Diesel and Diesel Hybrid<\/td> $213<\/td><\/tr> Petrol and Petrol Hybrid<\/td> $170<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Heavy Goods Vehicles (HGVs)<\/strong><\/h3>\n\n\n\n
<\/td> Road Tax Every 6 Months<\/strong><\/td><\/tr> 3.5 < MLW \u2264 7 <\/td> $328 (Diesel and Diesel Hybrid)
$262 (Green and Petrol)<\/td><\/tr>7 < MLW \u2264 11 <\/td> $362 (Diesel and Diesel Hybrid)
$289 Green and Petrol)<\/td><\/tr>7 < MLW \u2264 16 <\/td> $489 (Diesel and Diesel Hybrid)
$391 Green and Petrol)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nVery Heavy Goods Vehicles (VHGVs)<\/strong><\/h3>\n\n\n\n