Looking to buy a Second-Hand car? Not sure what to expect? Not sure where to get it from? You can find out more from our article!
Where Can I buy A Second-Hand Car?
There are two ways to get a used car in Singapore. You can either get it directly from a seller or approach a second-hand car dealer like us.
The used cars from a dealer are usually well-maintained and the transactions are protected under the Consumer Protection Fair Trade Act (CPFTA) and lemon law. Also, most of the car dealers will help you to take charge of any necessary paperwork.
Whereas, if you choose to buy direct from a seller, the downsides are that you may get yourself into a shady deal. However, if it is a fair deal, you will save on commission fees that are usually paid to the middlemen.
Should I Buy A Second-Hand Car?
Getting a second-hand car is definitely more affordable as compared to getting a new car in Singapore. Do you know that buyingย used cars in Singapore can cost you 50% to 70% less than a new car?
Here are some things to take note of:
๐ Check if it’s a PARF or COE Car
๐ Check when the road tax is due
๐ Always go for a test drive before buying
๐ Donโt be afraid to ask how many owners the car has had
๐ Have the car thoroughly inspected
๐ Find out how to finance your car
But you have to take note that there are some instances where getting a second-hand car is not cheaper:
๐ When you get an used car that is too old and requires a lot of repairing and maintenance
๐ When the interest rate on your car loan is very high
๐ When your COE is high
๐ When the used car you are getting is “too new”
๐๐ญ ๐๐ซ๐๐๐ฆ ๐๐๐ฅ๐๐๐ญ๐ข๐จ๐ง, ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐๐๐ซ ๐๐ฐ๐๐ข๐ญ๐ฌ ๐ฒ๐จ๐ฎ.
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