Classic cars hold a unique appeal—nostalgia, craftsmanship, and automotive history all wrapped in chrome and leather. In Singapore, where land scarcity and car ownership costs are some of the highest globally, owning a vintage automobile might seem an indulgent fantasy. However, the Classic Vehicle Scheme introduced by the Land Transport Authority (LTA) offers a structured, more affordable pathway for enthusiasts to preserve and enjoy these motoring gems.
This comprehensive guide explores the intricacies of purchasing a classic car in Singapore under this scheme—what it entails, the eligibility requirements, the associated costs, and key considerations before you dive into the world of vintage motoring.
What is the Classic Vehicle Scheme?
The Classic Vehicle Scheme is a regulatory framework established by the LTA to allow the use of vintage vehicles—cars, motorcycles, and other eligible vehicles—in Singapore under relaxed usage and road tax conditions. It serves two key purposes:
- To preserve automotive heritage by allowing vintage cars to remain on the road under special rules;
- To regulate usage so that these vehicles do not contribute significantly to congestion or pollution.
Unlike standard vehicles, classic vehicles are subject to limited annual usage, but they benefit from substantially lower road taxes and preferential ownership terms.
Eligibility Criteria for Classic Vehicles
Not every old car qualifies as a classic. The LTA has strict criteria that must be met:
✅ Age Requirement
- The vehicle must be at least 35 years old from its original registration date. This includes both local and imported vehicles.
✅ Originality
- The car must retain its original make and model specifications, including bodywork, engine, and chassis.
- Any modifications that significantly alter its appearance or performance will likely disqualify it.
✅ Condition
- The vehicle must be well-maintained and roadworthy.
- Owners must present the car for inspection to prove it is in suitable condition for classic vehicle certification.
✅ Registration under Scheme
- Once approved, the car will be issued a Classic Vehicle (CV) plate, which is black with white lettering (e.g. “SBC 123A”).
Types of Classic Schemes Available
The LTA offers two main schemes for classic vehicles:
A. Classic Vehicle Scheme (CV)
- Vehicles can be driven for up to 45 days per calendar year.
- Owners must log usage in an official Classic Vehicle Usage Record.
- The car is issued a special CV registration plate.
B. Revised Off-Peak Car (ROPC) Scheme
- Though not exclusive to classics, some owners may choose this scheme.
- Offers more driving days and flexibility, but slightly higher tax.
- Mainly for vehicles driven during weekends/public holidays and after 7pm on weekdays.
For most classic car collectors focused on preservation and occasional outings, the Classic Vehicle Scheme offers the most financially viable and regulation-compliant route.
Financial Considerations
Despite lower taxes, owning a classic car still involves significant costs. Here’s what prospective buyers should prepare for:
💸 Upfront Costs
- Vehicle Purchase: Depending on rarity and condition, classic cars can range from SGD 20,000 to over SGD 500,000.
- Import Duties: If importing a vehicle, expect to pay Customs duty (20%) and GST (8%) based on the vehicle’s Open Market Value (OMV).
- Compliance & Conversion: Imported cars may need modifications to meet local safety and emission standards.
- Inspection Fees: A classic vehicle must pass a vehicle approval inspection by LTA-authorised centres.
🔧 Ongoing Costs
- Annual Road Tax: A flat rate of SGD 280 for cars under the Classic Vehicle Scheme.
- Insurance: Specialist insurance is required; premiums depend on vehicle value, usage, and driver profile.
- Maintenance: Sourcing parts and expertise can be expensive. Budget for at least SGD 2,000 to 5,000 yearly.
Steps to Buying a Classic Car in Singapore
Buying a classic car involves more due diligence than purchasing a regular new or used vehicle. Here is a breakdown of the process:
Step 1: Research and Identify the Vehicle
- Decide what make/model suits your interests—European classics like Jaguars and Porsches are popular.
- Engage local classic car dealers, visit car shows, or explore international markets for rare finds.
Step 2: Check for Eligibility
- Ensure the car is over 35 years old and retains its original features.
- If importing, verify manufacturing and registration dates to meet LTA criteria.
Step 3: Purchase and Prepare for Import (If Applicable)
- Engage a registered vehicle importer.
- Prepare for shipping, inspection, and payment of customs duties and GST.
Step 4: Inspection and Approval
- Submit the car to LTA’s inspection process.
- Present documentation proving the car’s age and originality.
Step 5: Register under Classic Vehicle Scheme
- Apply online through LTA’s OneMotoring portal.
- Pay the Classic Vehicle Scheme registration fee.
- Collect your CV number plate and begin logging your usage days.
Pros and Cons of Owning a Classic Car in Singapore
✅ Advantages
- Affordable annual road tax
- Unique status symbol and conversation piece
- Preservation of automotive heritage
- Access to a tight-knit community of enthusiasts and events
⚠️ Challenges
- Usage limitation (only 45 days/year)
- High upfront investment
- Maintenance complexity due to parts scarcity
- Strict LTA compliance and inspections
Where to Find Classic Cars in Singapore
If you prefer not to import, Singapore has a modest but active vintage car scene. You can explore:
- Dealerships specialising in classic cars such as Exquisite Marques, Dream Car Leasing, or Oldtimergalerie.
- Car clubs like the Singapore Vintage and Classic Car Club (SVCCC) or Classic Car Club Singapore.
- Online listings via platforms like sgCarMart or Facebook Marketplace, though exercise caution and get professional inspections.
Classic Car Community and Events
Singapore’s classic car community, though niche, is thriving. Enthusiasts often participate in:
- Heritage parades and road shows (e.g. Singapore Motorshow, Formula 1 Classic Parade)
- Cars and Coffee meetups
- Private collector gatherings
- Cross-border drives to Malaysia (if approved and properly insured)
Being part of such a community not only enriches the ownership experience but also provides valuable support in terms of maintenance know-how, rare parts sourcing, and regulatory advice.
Tips for First-Time Buyers
- Start with a well-documented car: Avoid major restoration projects unless you have the time and budget.
- Get a pre-purchase inspection: Engage a vintage car mechanic to assess the condition.
- Understand usage rules: Keep meticulous records of your 45 allowed days to avoid penalties.
- Store it properly: Singapore’s humidity can damage interiors and paint—consider a climate-controlled garage.
- Don’t rush the process: Take your time finding the right car that speaks to your passion and lifestyle.
Conclusion: Is Owning a Classic Car Worth It in Singapore?
For true automotive enthusiasts, the answer is a resounding yes. While the constraints of cost and usage cannot be ignored, the sheer joy of preserving history, coupled with the admiration these machines command, often outweigh the limitations.
The Classic Vehicle Scheme strikes a balance between conservation and pragmatism. It allows Singaporeans to enjoy a slice of motoring heritage responsibly, keeping beautiful machines from a bygone era alive and appreciated.
Whether you dream of gliding through the city in a Mercedes SL, a Mini Cooper from the 60s, or a classic Mustang roaring to life on a Sunday morning—Singapore’s structured scheme can help make that dream a reality, with the right planning and passion.
FAQs
Q: Can I use my classic car for Grab or commercial purposes?
No, classic vehicles are strictly for private use and not allowed for commercial operations.
Q: Can I drive my classic car to Malaysia?
Yes, but only within your allocated 45 usage days. You must have valid insurance coverage for cross-border travel.
Q: What happens if I exceed the 45-day limit?
Penalties apply, including potential deregistration or fines. Usage records may be audited by LTA.
Q: Can I convert a classic car back to normal registration?
Yes, but you’ll be subject to standard COE, road tax, and emissions requirements.