CARSOME, Southeast Asia’s largest online platform for buying and selling cars, has announced that it is expanding its auto financing partnership with JACCS to Singapore. This partnership first started in Malaysia and is now being extended to another key market in the region.
Under this collaboration, JACCS plans to buy a 49% stake in CarTimes Capital Pte. Ltd., which is the auto financing business of CarTimes Automobile in Singapore. CarTimes Automobile is mostly owned by CARSOME, making this a strategic move for both companies.
This investment marks JACCS’s entry into its sixth ASEAN country. It also supports JACCS’s larger plan, backed by Mitsubishi UFJ Financial Group (MUFG), to grow its auto financing business across Southeast Asia.
CTCA offers car loan and financing services in Singapore. It helps people buy or trade in vehicles by reducing the high upfront costs of owning a car through flexible and structured payment options. It also supports car dealers with financing solutions that fit their needs.
CTCA works closely with CarTimes Automobile’s retail operations. This close connection makes the car-buying process smoother for customers and helps dealers complete transactions more easily with the right financing support.
This announcement builds on the ongoing partnership between JACCS and CARSOME in Malaysia through Carsome Capital. That collaboration, which is nearing one year, combines JACCS’s expertise in consumer lending with CARSOME’s strong automotive platform to make car financing more structured and accessible.
In Singapore, car ownership is highly regulated due to the Certificate of Entitlement (COE) system, making financing an important part of buying a car. Through this partnership, JACCS will use its experience in sales finance and financial services to help grow and strengthen CTCA’s auto loan business.
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