Arips Neutral Newbie October 9, 2003 Share October 9, 2003 its me again !! 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? ↡ Advertisement Link to post Share on other sites More sharing options...
Genie47 1st Gear October 9, 2003 Share October 9, 2003 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! 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 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. Link to post Share on other sites More sharing options...
Newbie1979 Neutral Newbie November 5, 2003 Share November 5, 2003 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. Link to post Share on other sites More sharing options...
Newbie1979 Neutral Newbie November 5, 2003 Share November 5, 2003 Forget to add in the first time payment Insurance Premium (1 yr) + Road Tax + transfer fee + first instalment for the bank loan Link to post Share on other sites More sharing options...
Saaber Neutral Newbie November 5, 2003 Share November 5, 2003 Hi, Welcome to MCF, DO join us for our weekly meetup in your "new" car.... SO what car did you buy? Link to post Share on other sites More sharing options...
E36UDM Neutral Newbie November 5, 2003 Share November 5, 2003 Welcome to MCF Thanks for sharing and keep it up Do join us for our weekly meetups Link to post Share on other sites More sharing options...
Ace_t Neutral Newbie November 5, 2003 Share November 5, 2003 and dun forget to check that the car is not blacklisted in m'sia. more important than anything else.... Link to post Share on other sites More sharing options...
Vidz 6th Gear November 5, 2003 Share November 5, 2003 its me again !! 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? 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... Link to post Share on other sites More sharing options...
Jkcs Neutral Newbie February 17, 2007 Share February 17, 2007 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 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! Link to post Share on other sites More sharing options...
Rastaman01 2nd Gear February 17, 2007 Share February 17, 2007 bro buy new car la...... cause now price loww Link to post Share on other sites More sharing options...
Jkcs Neutral Newbie February 17, 2007 Share February 17, 2007 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) Link to post Share on other sites More sharing options...
Gantan88 Clutched February 17, 2007 Share February 17, 2007 its me again !! 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? 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... Link to post Share on other sites More sharing options...
Rastaman01 2nd Gear February 17, 2007 Share February 17, 2007 ok let say buy new car then after 4 yrs wanna sell most lose 20 k i think but buy old car use during 4 yrs all repair or wat will be same thing Link to post Share on other sites More sharing options...
Landex Clutched February 17, 2007 Share February 17, 2007 Gg by wat u said... buying new cars will Link to post Share on other sites More sharing options...
Jkcs Neutral Newbie February 18, 2007 Share February 18, 2007 thank you to all bro for giving me advice.. Link to post Share on other sites More sharing options...
Landex Clutched February 18, 2007 Share February 18, 2007 u is the most welcomes.. Link to post Share on other sites More sharing options...
Lengendcf 1st Gear February 19, 2007 Share February 19, 2007 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.. Link to post Share on other sites More sharing options...
Sfhuang Clutched February 19, 2007 Share February 19, 2007 Does that mean buy / sell second hand car, even from another person, will go through an agent? ↡ Advertisement Link to post Share on other sites More sharing options...
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