3 Tips How You Can Save When Buying a Second Hand Car for Sale in Singapore
Buying a second hand car for sale is common in Singapore. It’s because the country is known for having one of the most expensive car prices in the world. That’s why it makes sense why most people prefer not to buy a new car in Singapore.
With that said, here are the tips for buying your second hand car for the first time.
Calculate Your Budget.
When calculating your budget, the purchase price of the car isn’t the only factor you should consider, but also the cost of maintaining it and how much is the season parking including the road taxes. So, do your homework and determine the cost of spare parts and other automotive issues with the car model before buying it.
Study Singapore Car Jargons
Whether you’re a local or an ex-pat, you should be familiar with the common car jargon because it can be quite confusing. Here’s a breakdown of what the best used car dealers usually use in Singapore.
ARF (Additional Registration Fee)
It’s a tax carried out upon registration of a vehicle based on the car’s OMV.
COE (Certificate of Entitlement)
It’s a legal document allowing the car owner to drive his car on Singapore road for 10 years.
OMV (Open Market Value)
It’s a platform where you can see the car prices, and it also determines what’s the minimum and maximum loan you can borrow.
PARF (Preferential Additional Registration Fee)
Unlike COE, PARF cars are less than 10 years old. This means that you’re subject to a rebated base at the remaining percentage of OMV.
Never Skip a Car Inspection.
Since you’ve done a great job with your budget, and finally found your dream car, let’s go to the last step: getting to know the car’s condition. Here’s how to inspect a second hand car for sale in Singapore:
Check the interior and electronics.
Have a driving test.
Pay attention to the bonnet.
See if the paintwork is smooth.
Look for dents.
Once you’ve learned and understood all of these tips, search for recommended car dealers in Singapore or contact GOWheeler. They offer quality second hand cars for sale that you might like!
Resource:
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