For five consecutive years, Singapore remains the most expensive city in the world, mostly because of the car prices. It is why most local and ex-pat prefer not to buy a new car in Singapore and turn to have a second hand car instead.
With that said, here are more reasons why you should buy a second hand car for sale in Singapore.
Depreciate Less
Studies shows, vehicles depreciate at different rates. However, new cars lose 20% of its value in the first year and another 15% on the following year, and by the time it reaches ten years, its value will be around 10% of its original cost. Which means used cars depreciate less, and new ones lose more.
More Car Options
Let’s be realistic on this one. When you buy a new car in Singapore, your budget is limited to a few numbers of car models, but if you turn to buy a second-hand car for sale instead, you will save more of your hard-earned money for your future expenses.
Lower Insurance Costs
As most recommended car dealers in Singapore used to say, the car’s value is the primary basis of the insurance company when determining the insurance cost. Which means when you buy a second-hand car for sale, the lower insurance cost you’ll have to pay.
Inexpensive Registration Fees
Plus, older vehicles tend to cost less when it comes to registration fees, you’ll have extra cash that you can use when you need to pay for the annual road tax.
Less Risky with Vehicle History Reports
What is good about a second hand car for sale in Singapore is that they have vehicle history reports, which means you’ll have peace in mind that you are in good hands or not.
Sell It Later for the Same Car Price
Lastly, as what best used car dealer in Singapore used to say, you can sell the second-hand car for the same price you bought it.
For recommended car dealers in Singapore? Contact GOWheeler. They offer various brands and model of used cars that you might like!
