CARSOME, CarTimes and Japan Consumer Credit Service (JACCS), a member of Mitsubishi UFJ Financial Group (MUFG), have formalised a strategic auto financing partnership in Singapore.
The collaboration aims to strengthen financing capabilities in one of Southeast Asia’s most established automotive markets.
The agreement follows JACCS’s acquisition of a 49% stake in CarTimes Capital in February.
CarTimes, a majority-owned subsidiary of CARSOME, anchors the partnership in Singapore, building on CARSOME and JACCS’s 2025 collaboration in Malaysia through CARSOME Capital.
CarTimes and CarTimes Capital have established a significant presence in Singapore, providing vehicle ownership solutions supported by an understanding of local customer and dealer dynamics.
The partnership will focus on offering structured financing solutions for both consumers and dealers, while adhering to prudent credit standards aligned with Singapore’s regulatory environment.
Eddie Loo, Founder and Managing Director of CarTimes, said:
“In Singapore, the opportunity lies in how demand is supported. In a market defined by structure and transparency, how financing is aligned plays an important role in enabling vehicle purchases. This partnership allows us to strengthen that alignment and support a more consistent flow of transactions across the market.”
Ryo Murakami, President and Representative Director of JACCS, added:
“Going forward, we will further deepen the trust placed in us by everyone in the CarTimes, devote our full efforts to expanding the business of CarTimes Capital, and contribute to the development of the Singapore economy and to the prosperous lives of the people who live here.”
Featured image credit: CARSOME press release
