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Membership is open to any local company, that are engaged in sales and hire purchase financing of new or used motor vehicles/equipment.
How to sign up for Membership?
Application for Membership can be submitted using the prescribed form together with supporting documents namely:
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Copy of Certificate of Incorporation (ACRA Business Profile/ Instant Information Printout – within 14 days).
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Bank Statements for last 3 months.
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Other supporting documents as may be required by the Management Committee from time to time.
The Application for Membership must be duly proposed and seconded by 2 existing members who have been a member of the Association for at least one year.
What is application approval process?
All new membership applications to be approved by the Management Committee whose decision shall be final and shall not be contested in any Court of Law.
Upon approval by the Management, the applicant shall pay a one-time entrance fee of $750,
a computer fee of $500 (both non-refundable) together with the relevant subscription fees. The monthly subscription fee is $70. The subscription shall be calculated on a calendar month or part thereof basis and shall be paid at half-yearly interval in advance.
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