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2nd hand car buying procedure


Arips
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Neutral Newbie

its me again !! [blush][pirate]

 

Can the pros here give me the lowdown about the procedures of buying a 2nd hand car?

and how to transfer ownership in singapore?....

 

like the amt of downpayment required etc?... then how to pay the mthly installment?

 

most new cars require at least 10% downpayment right? [dizzy][knife]

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Here we go again. Go to the dealer see some cars. See a car you like. Try try, drive abit. See what faults it has so you can bargain down the price. No point trying to ask used-car dealer to fix car. They won't.

 

Then go to their office to haggle. Once agreed, they will ask you put down a deposit. They will write a sales agreement. Be sure to get your own copy of the sales agreement. Make sure ask questions like need admin fee or not. Admin fee usually mean pay new road tax and transfer fee. Some try to bxxxxxxt and tell you forgot about GST. Get all these down clearly. Sales agreement usually don't say anything! [furious] Also ask them how much will be refunded if you found another car and you don't want theirs.

 

Ask them for a photocopy of the car's log card. Photocopy everything, all records of previous owners as well. You need this when you apply for motor insurance. The used-car dealer will usually offer to get for you but I seriously doubt they can get you a better deal than the lobangs some of the brothers and sisters here have. Also with the log card, you can see how much COE was initially with the car so you can calculate how much they can be ripping you off. If you found a better deal elsewhere feel free to cancel it if you can get full refund [sly]

 

After applying for motor insurance, you can drive off the car already when you finish the final paperwork with the used car dealer.

 

You can check for the car's transfer fee through the One Motoring website. Just key in the car's plate number.

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Hi,

 

Just bought a 2nd hand car yesterday, from buyer. Just like to share my experience...

 

Procedure

1. Saw the ad on internet and call up the owner for the test drive. Decided to buy.

2. Find an agent, mine is from the authorised distributor of brand of my car (recommended by seller - the same agent who first sell the car to him).

3. And he will handle the rest, loan, insurance, transfer and road tax (if any).

4. Just pass him your IC, sign on the loan form, transfer form, insurance form and he will do the rest.

5. Once the insurance is effected and the seller got the cheque, you can drive away the car.

 

All the above can be done in less than a week, provided the agent is very hardworking. Most likely they are as they get commission from the bank for the loan that you have taken with the bank.

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its me again !! [blush][pirate]

 

Can the pros here give me the lowdown about the procedures of buying a 2nd hand car?

and how to transfer ownership in singapore?....

 

like the amt of downpayment required etc?... then how to pay the mthly installment?

 

most new cars require at least 10% downpayment right? [dizzy][knife]

 

 

check car / papers (transfers, roadtax, etc)/ price (breakdowns)/ "what if" situations...

don leave anything to chance

IMO dealers/agents are not exactly the most honest people around...

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Neutral Newbie

Hi all,

 

me new here..

 

what i wanted to ask is totally not related to this threas as i can't create new thread. So i longbang [:p]

 

my qns:

is it better for me to buy a COE car than a new one? because I may not keep a new car with me for 10yrs..

 

thank you and Gong Xi Fa Cai!

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Neutral Newbie

Morning Rastaman,

 

that's what my friend also, but my concern is:

 

)it may not stick with me for 10yrs (maybe no $$ then sell off)

2)higher insurance premium as me is first timer registering under my name (if really buy la)

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its me again !! blush.gifpirate.gif

 

Can the pros here give me the lowdown about the procedures of buying a 2nd hand car?

and how to transfer ownership in singapore?....

 

like the amt of downpayment required etc?... then how to pay the mthly installment?

 

most new cars require at least 10% downpayment right? dizzy.gifknife.gif

 

 

Now i really dun prefer to buy used car from dealer anymore... most of them will try to makan u big time when they can. Of coz some people will say that they open their shop is do business one, so must have profit.... i got no comment on this....

 

Buy new car la... now is cheap.... the only significant advantage of getting a used car instead of a new one is that the breakeven time for the loan is shorter for buying used car. Other than this... no other advantage...

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Hi,

 

Just bought a 2nd hand car yesterday, from buyer. Just like to share my experience...

 

Procedure

1. Saw the ad on internet and call up the owner for the test drive. Decided to buy.

2. Find an agent, mine is from the authorised distributor of brand of my car (recommended by seller - the same agent who first sell the car to him).

3. And he will handle the rest, loan, insurance, transfer and road tax (if any).

4. Just pass him your IC, sign on the loan form, transfer form, insurance form and he will do the rest.

5. Once the insurance is effected and the seller got the cheque, you can drive away the car.

 

All the above can be done in less than a week, provided the agent is very hardworking. Most likely they are as they get commission from the bank for the loan that you have taken with the bank.

 

 

Why must pass him yr IC? For him to go borrow from loanshark? Last time need IC for LTA. from last yr, no need already..

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