Did you know? Buying and selling a used car in Singapore is already getting bigger than the new car market, which means almost 1/4 of Singapore’s population own used cars, and more and more people prefer to buy a used car for sale than new ones as they are cheaper and reliable.
Growing Family
The average family size in Singapore is getting bigger, that’s why many couples or parents opt to sell their used car to buy a newer and bigger car suitable to their family headcount.
Buying a Newer Car
With the rapid growth of technology, cars are constantly changing every year, which is why many car enthusiasts love to purchase a newer car and sell their used car.
Migrating Abroad
Every year, 6% of Singapore’s population are residing abroad, and most of them plan to sell their used car when they officially migrate.
Financial Reasons
People in Singapore know how expensive it is to purchase a vehicle, whether a used car for sale or a brand-new car. That’s why if they want to earn more money, they have to cut down their expenses like owning a vehicle. Another financial reason would be they can’t afford the monthly payment or insurance.
Lack of Parking Space
Lacking parking space becomes an inevitable problem for everyone in Singapore because this diverse country is experiencing land scarcity. This makes them think twice whether to own or sell their used car or insurance.
Getting Divorce
Last 2017, there were 7,344 marriages ended in divorce or an annulment, and most of them go their separate ways as they sell their belongings including their used car.
Losing Someone
Some families sell the used car of their deceased because they no longer want to feel pain as they remember their memories together.
Here are just some reasons why people in Singapore sell their used car. So, if your reason is one on the list, then it’s time to sell your used car to recommended car dealers like GOWheeler in Singapore and see if their offer satisfied your preference.
