Sell Lorry Singapore: How to Get the Best Price for Your 10ft, 14ft or 24ft Lorry (2026)

If you're looking to sell a lorry in Singapore, timing and preparation make a significant difference to how much you walk away with. This guide breaks down exactly what your lorry is worth in today's market, what drives the price up or down, and what the selling process actually involves — from your first quotation all the way to payment.

ABLINK buys lorries directly from business owners and fleet operators across Singapore. Get a free, no-obligation quotation here — we respond within 1 hour.

---

Selling a Lorry Is Different from Selling a Car

This matters before you do anything else. Unlike passenger cars, lorries in Singapore are Category C COE vehicles — meaning they operate under completely different pricing, rebate, and transfer rules than the vehicles most people are familiar with.

A few things to understand upfront:

Only companies can buy lorries. Lorries in Singapore can only be registered under a Singapore-registered business. You are not selling to an individual buyer on Carousell — your market is logistics firms, contractors, construction companies, F&B distributors, and fleet operators. That B2B dynamic shapes how deals are structured and how quickly they close.

COE rebate calculations are different. When your lorry is scrapped or sold near end-of-life, the PARF and COE rebates are calculated differently than for passenger vehicles. This directly affects your floor price.

Lorry type determines the buyer pool. A 10ft lorry and a 24ft lorry are in entirely different markets. If you are not clear on the distinctions, the lorry size guide covering 10ft, 14ft, and 24ft configurations is a useful starting point before you price your vehicle.

---

What Lorries Are Actually Selling for in Singapore (2026)

The current market is reasonably strong for lorry sellers — particularly for Japanese-brand diesel vehicles with 3–7 years of COE remaining. Here is what transactions are looking like across the main lorry categories.

10ft Lorry

The 10ft lorry is the most liquid segment of Singapore's used lorry market. Urban delivery operators, renovation businesses, and small logistics companies compete actively for well-maintained 10ft units.

Resale range: S$30,000 – S$75,000

Top-performing brands: Isuzu NHR, Mitsubishi Canter 3C13, Hino 300, Toyota Dyna 100. Units with 5+ years of COE remaining and clean service records consistently achieve the upper half of this range.

If you are comparing whether to upgrade from a 10ft to a 14ft rather than sell, the 10ft vs 14ft lorry guide covers the operational and financial trade-offs in detail.

14ft Lorry

Demand for 14ft lorries is stable and broad — construction, F&B distribution, retail logistics, and moving companies all rely on them. Resale values hold well because the buyer pool is deep.

Resale range: S$50,000 – S$130,000

Configuration matters here. A standard flatbed and a crane-fitted 14ft lorry can differ by S$20,000–S$40,000 even with identical mileage and COE. The 14ft lorry guide covers specifications and model comparisons in full.

24ft Lorry

The 24ft lorry occupies a specialist segment — primarily large logistics operators, industrial distributors, and companies in the construction and civil engineering sectors. Transaction volumes are lower than for smaller lorries, but prices are significantly higher.

Resale range: S$90,000 – S$200,000+

Refrigerated 24ft units and those with crane attachments command premiums above the standard range.

Pickup Lorry

Pickup lorries — which can carry both goods and passengers depending on registration — operate in a separate category. If you own a Mitsubishi Triton, Ford Ranger, or similar, the pickup lorry price guide covers current valuations and buyer demand.

---

What Actually Moves Your Lorry's Price

Five factors consistently separate strong offers from below-market ones.

1. Remaining COE life

This is the biggest single variable. Lorries with 5 or more years of COE remaining attract genuine competition from buyers. Below 2 years of COE, valuations begin converging toward the PARF/COE rebate floor.

If you are approaching a COE decision point, read the COE renewal vs buying new guide before you decide whether to sell or renew.

2. Mileage with documented service history

Japanese lorries routinely run beyond 300,000 km without major issues — but only if they have been properly maintained. Buyers in Singapore's B2B market know this, and they will ask for service records. High mileage with documented maintenance typically affects price less than high mileage without records.

3. Body and cargo area condition

Engine condition matters, but lorry buyers inspect the cargo area closely. Structural rust on the flatbed, damaged dropside panels, and non-standard body modifications all reduce your offer — often more than equivalent mechanical wear. Minor cosmetic issues have minimal impact.

4. Brand

Japanese brands dominate Singapore's commercial lorry market for good reason: parts availability, established workshop networks, and proven durability in heavy commercial use. Isuzu, Hino, Mitsubishi Canter, and Toyota Dyna consistently achieve better resale values than equivalent European or Korean models.

5. Emissions compliance (CVES)

Singapore's Commercial Vehicle Emissions Scheme (CVES) applies surcharges to older diesel lorries that do not meet Euro 5 standards. Surcharge levels increase progressively through 2027. For owners of older Euro 4 lorries, this is a genuine consideration when deciding whether to sell now or later.

---

Is Now the Right Time to Sell?

For most lorry owners in 2026, the current conditions are favourable.

Fleet electrification is freeing up good stock. Businesses upgrading to electric commercial vehicles are releasing well-maintained diesel lorries into the market. This has not crushed prices — if anything, it is sustaining demand as operators who are not yet ready to electrify look to acquire reliable diesel replacements at reasonable cost.

The sweet spot is 3–6 years of COE remaining. Buyers get meaningful asset life, and you avoid the steep value drop that accelerates inside the final 2 years.

Construction sector activity sustains 14ft and 24ft demand. Ongoing public infrastructure projects in Singapore continue to drive steady transactional volume in the heavier lorry segments. If your vehicle serves construction work, read about commercial vehicles for construction in Singapore to understand the buyer market.

If you operate caged lorries for worker transport, note that this practice is being banned from 1 January 2027. Businesses currently using caged lorries for personnel are already planning fleet changes — some are selling existing lorries and replacing them. The caged lorry ban 2027 guide covers what this means for operators in affected sectors.

---

How the Sale Process Works

Selling a lorry in Singapore follows a defined process through LTA's OneMotoring platform. Here is what to expect.

Step 1 — Get a Quotation

Contact a dealer or buyer with your lorry's registration number, make and model, current mileage, and remaining COE. ABLINK provides free same-day quotations based on current market data.

If you would like broader context on how commercial vehicle valuations are calculated, the guide to selling commercial vehicles in Singapore covers the methodology in detail. For a broader vehicle-type overview, the sell van, lorry, and truck guide also covers multiple categories.

Step 2 — Prepare Your Documents

For individually-owned lorries:

• NRIC

• Vehicle Registration Certificate (VRC)

• Full Settlement Letter from your bank (required if there is an outstanding HP loan)

• Valid motor insurance certificate

For company-registered lorries:

• ACRA business registration

• Director's NRIC or CorpPass credentials

• Company authorisation letter with company stamp

• VRC and Full Settlement Letter (if applicable)

Outstanding hire purchase loans do not block a sale, but the settlement letter from your bank must be in hand before the LTA transfer can proceed. ABLINK walks sellers through this at the quotation stage.

Step 3 — Resolve Outstanding Obligations

Before any LTA ownership transfer can proceed, clear the following:

• Outstanding road tax arrears

• Traffic fines and LTA summons (check via OneMotoring or the Traffic Police portal)

• Active hire purchase loan (bank must issue a Release of Charge to LTA)

• Cancel season parking if applicable

Step 4 — LTA Ownership Transfer

All commercial vehicle transfers in Singapore are processed digitally through LTA OneMotoring — no in-person visit required.

1. Seller initiates the transfer online

2. Buyer receives an SMS notification and accepts via CorpPass or SingPass within 5 days

3. Buyer pays the S$25 LTA transfer fee

4. Both parties receive SMS confirmation

When you sell to ABLINK, we manage the entire transfer process on your behalf.

Step 5 — Receive Payment and Cancel Insurance

ABLINK completes same-day payment on the confirmed transfer date. Once payment is received, contact your insurer immediately to cancel the policy and stop premium charges. If you need guidance on commercial vehicle insurance during and after a sale, the commercial vehicle insurance guide covers policy cancellation and mid-term adjustments.

---

Selling to ABLINK

ABLINK is Singapore's specialist commercial vehicle dealer, buying lorries, vans, trucks, and pickups directly from business owners since 2018.

What we offer when you sell your lorry to us:

• Free, no-obligation market valuation — response within 1 hour

• All lorry types and brands accepted — 10ft, 14ft, 24ft, flatbed, dropside, crane lorry, refrigerated, tipper, and all Japanese and European brands

• Full LTA transfer and paperwork managed in-house

• Same-day payment on confirmed ownership transfer

• Clear guidance on outstanding hire purchase loans

• No commissions, no hidden fees, no middlemen

We buy used lorries as individual units and in fleet volumes. If you are selling multiple vehicles at once, contact us via WhatsApp and we will coordinate accordingly.

📍 421 Tagore Industrial Avenue, #02-13, Tagore 8, Singapore 787805
📱 WhatsApp: +65 8946 8228

Submit your lorry details for a free quotation →

If you are also looking to purchase a replacement vehicle after selling, the guide to buying a commercial van or lorry in Singapore and the used lorry buying guide for 2026 are useful next reads.

---

Frequently Asked Questions

What is the best way to sell a lorry in Singapore?
The most straightforward route for most business owners is to sell directly to a specialist commercial vehicle dealer like ABLINK. This avoids the complications of private B2B listings, and dealers manage LTA transfers and outstanding loan settlements in-house. You can request a free quotation here.

How much can I get for a used lorry in Singapore?
Resale prices vary significantly by lorry size, COE remaining, condition, and brand. As a general range in 2026: 10ft lorries fetch S$30,000–S$75,000; 14ft lorries S$50,000–S$130,000; and 24ft lorries S$90,000–S$200,000+. Japanese brands (Isuzu, Hino, Mitsubishi Canter) consistently achieve the stronger end of these ranges.

Can I sell a lorry that still has an outstanding hire purchase loan?
Yes. You will need a Full Settlement Letter from your bank before the LTA transfer can proceed. ABLINK assists sellers with this process — it does not prevent or significantly delay a sale when documents are prepared correctly.

Can an individual buy my lorry in Singapore?
No. Only Singapore-registered businesses can purchase and register commercial lorries. Your buyer is always a company — logistics operator, contractor, F&B business, fleet manager, or similar.

How long does selling a lorry take?
With all documents in order, most transactions complete within 1–3 business days from quotation to payment. Outstanding loan settlements or missing documents are the most common causes of delay.

Does CVES affect my lorry's resale value?
Yes, for older diesel lorries that do not meet Euro 5 standards. CVES surcharges on non-compliant vehicles increase through 2027. This is one reason many owners of older Euro 4 lorries are choosing to sell in 2026 rather than waiting.

What happens to my road tax and insurance when I sell?
Road tax rebates for any remaining paid-up period are returned by LTA to the registered owner after the transfer. Cancel your motor insurance immediately after ownership transfer and payment are confirmed — your insurer will pro-rate the refund for the unused period.

Should I sell my lorry or renew the COE?
This depends heavily on your vehicle's condition, how many COE years remain, and your current operational requirements. The COE renewal vs buying new guide walks through the decision framework in detail.

---

All pricing ranges, LTA transfer procedures, and CVES scheme details reflect market and regulatory conditions as of March 2026. Verify current procedures at onemotoring.lta.gov.sg and confirm loan settlement terms with your finance provider directly.