Used car dealers are common in Singapore simply because car ownership is very expensive. However, it cannot be denied that owning a car is really necessary especially if you have a family.
As a result, used cars for sale is becoming a big trend in Singapore. Buying a second-hand car surely have merits. It offers less downpayment compared to a brand new car which means you can have more savings. So, if it’s your first time to purchase a second-hand car, here are some things you would need to know.
Determine your budget and be realistic
When buying any property, in any instance, it’s vital to make sure that you are working based on your budget. Apart from the actual price of the car, you also need to consider the maintenance budget, because cars do breakdown.
Understand the paper works
Owning a car also means abiding with some rules and regulations. Make sure that you understand jargons such as OMV, and COE and you know its purpose.
- Certificate of Entitlement (COE): It’s basically a document allowing you to use the car in Singapore.
- Open Market Value (OMV): It’s the price of the case as tagged by the Singapore Customs.
Find the most recommended car dealer in Singapore
Who sells it actually matters. Make sure that you are only buying second-hand cars from reliable dealers. Check out their reviews, ask from other buyers.
Make sure to have a car inspection
Do not just be stunned with its shiny exterior, find time to properly inspect all the car parts - tire, interior electronics, engine, etc. You don’t want to spend a fortune buying for a used car and spend so much more on future maintenance and servicing costs.
Are you considering to buy a used car in Singapore? Check our Carlingual, one of the most recommended car dealers in Singapore. Give them a call today!
