In a cosmopolitan country like Singapore, given it has an excellent comprehensive road network, which is the reason it is convenient and hassle-free to drive around the city.
According to yahoo news, Singapore ranks among the best cities such as Hong Kong, London, New York, Paris, and Tokyo - that has smooth traffic low, efficient road network, and convenient public transportation. There are no doubt many individuals love to drive to one of these cities.
This is also the reason there are Singaporean wondering whether to buy a car of their own to experience the great convenience the city has for them to explore, and whether the cheapest used car or the newest release car, but there is one thing in common, and that’s the mindset - the mindset of the people purchasing something they will take and pay.
Mindset. That’s the first element every person needs to have, and to think of the consequences of what happens when they buy the cheapest used car over a new car.
All cars, whether they are a new or cheapest used car is the same, because you will still lose a massive amount of money, and what most people trying to do, the reason they prefer buying the cheapest used cars, is because they want to mitigate their losses.
What mitigates their losses mean? For instance, someone brought the cheapest used car from a second hand car dealer, the benefit it has is the time frame they will pay it, the time they would want to use it before they think of reselling or scrapping it, because having a cheapest used car means you don’t have to be in a long financial commitment, it is much shorter than buying a brand new car.
Aside from the mindset, there is depreciation, and if you at the dictionary, it means reducing one’s value, meaning the longer you use a car, the more it loses its value. So, when you buy a brand new car, it will start to lose it value after a year of purchase it closes at least around 20%, and another 10% on the following year, and by then the time you use it for five to ten years, it no longer has value.
But if you buy the cheapest used cars, it’s value already depreciated, which means it means you mitigate your losses by not paying the original price a brand new car, and no matter how much it depreciates, it wouldn’t be much of a loss, because even its already out of style, it is still in good condition to drive.
Overall, there is no cheap second-hand car or cheapest used car, because you're just mitigating the losses as much as possible as paying it at a full price. Also, having the cheapest used car remains fun and convenient for everyone to drive because Singapore has a comprehensive road network, which means you go around the city in no time.
So, with this said, if you want to mitigate your losses, go for the cheapest used car by getting it from a second-hand car dealer in Singapore, but if you want to buy a new car, go for Honda fit hybrid to experience how smooth it is to drive.
