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Which 2nd hand car dealer is good?

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Planning to get a 2nd Mazda 2.

 

But dunno which dealer to go for or avoid?

 

Anyone can advice

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All dealers good when u get a good deal... Do yr homework on the cost of the car first..

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Mazda 2 is not common to begin with so if u definitely want to buy one, u will be at the 'mercy' of the car dealers.

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Mazda 2 is not common to begin with so if u definitely want to buy one, u will be at the 'mercy' of the car dealers.

 

But the reverse is also true. Dealers who have Mazda 2 would want to get rid of the car as it's not as popular. Take your time to go through the 6 levels of exciting wares. [drivingcar]

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Is there any guideline to follow for buying a second hand car? Meaning some tips

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Planning to get a 2nd Mazda 2.

 

But dunno which dealer to go for or avoid?

 

Anyone can advice

 

CaseTrust-STVA Accredited Business

#06-01 - Car Times Automobile Pte Ltd

#05-16 - Mayfair Motoring

#05-05 - Car Design Motor Pte Ltd

#03-19 - Good Year Automobile Pte Ltd

#03-05 - Yong Lee Seng Motor Pte Ltd

#02-19 - Jia Leong Trading Enterprise Pte Ltd

#01-06 - RTMT Motor Pte Ltd

#01-03/04 - Prime Cars Credit Pte Ltd

 

For more complete listing, visit http://www.case.org.sg/casetrust.plx?rm=results

 

Hope this helps!

Edited by Luvalive

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I had good experience with Mayfair...

 

Yong lee Seng, erm.... I reserved my comments [mad]

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very simple.

Test drive the car. If you like, offer a price and

 

Tell the dealer you will only pay for

1. The car price (you will need to pay for the 1st instalment if you are taking loan)

2. The transfer fee ($11)

3. The insurance

 

no admin fee

no GST

no processing fee

 

I am driving my 5th second hand car till date.

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Try Henly Enterprise. Had good experience from there.

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very simple.

Test drive the car. If you like, offer a price and

 

Tell the dealer you will only pay for

1. The car price (you will need to pay for the 1st instalment if you are taking loan)

2. The transfer fee ($11)

3. The insurance

 

no admin fee

no GST

no processing fee

 

I am driving my 5th second hand car till date.

 

 

This is good advice.

 

To add on, if you aren't very well-versed with mechanical parts of cars and not sure what to look for, bring a friend who knows or preferably ask your own mechanic to take some time to go car shopping with you. If this isn't possible, get the dealer to send the car for Vicom or AA inspection. This small fee is worth it for peace of mind and to save lots of money on repairs later. Many of the dealers will suggest STA instead, forget it as STA isn't that reliable, only giving the car a A, B, C etc grading and not describing the condition in detail.

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CaseTrust-STVA Accredited Business

#06-01 - Car Times Automobile Pte Ltd

#05-16 - Mayfair Motoring

#05-05 - Car Design Motor Pte Ltd

#03-19 - Good Year Automobile Pte Ltd

#03-05 - Yong Lee Seng Motor Pte Ltd

#02-19 - Jia Leong Trading Enterprise Pte Ltd

#01-06 - RTMT Motor Pte Ltd

#01-03/04 - Prime Cars Credit Pte Ltd

 

For more complete listing, visit http://www.case.org.sg/casetrust.plx?rm=results

 

Hope this helps!

 

While the car dealer might be CaseTrust accredited, they can still do monkey business. Best is your own judgement.

 

very simple.

Test drive the car. If you like, offer a price and

 

Tell the dealer you will only pay for

1. The car price (you will need to pay for the 1st instalment if you are taking loan)

2. The transfer fee ($11)

3. The insurance

 

no admin fee

no GST

no processing fee

 

I am driving my 5th second hand car till date.

 

[thumbsup]

 

Best is get insurance quotes for yourself first, before going down. You can check sgcarmart for the car (year and colour), then get quote for your ownself. When you go down to the car dealer, make sure you do your research. Car A and B might be same price, same month, but OMV different, then you will get less PARF rebate if the OMV lower.

 

Don't let the dealer cheat you by just dealing on price. Deal on value, PARF rebate + COE (paper value) + your acceptable depre for the car. Some car price low, but PARF / OMV low, so even price lower than others, you still lose. Go sgcarmart can see those old Kia Rios or Accent get 6.5k depre per annum. At that range, can get MIJ cars.

 

As bro Cs3004 said, no admin fee, no any crap fee. If they say got, ask them what are the charge for. Usually they will stumble and say is to register the car and all. Ask them to eat dirt. Nego on the price first. Best if you have your own loan from bank, else the dealers will earn from there too, and you'll be paying extra interest.

 

Basically, own loan, own insurance, and own mechanic inspect.

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So basically should get car A, assuming both same car model

 

A. Coe 20k, omv 15k selling at 60k

B. Coe 10k, omv 11k selling at 55k

 

How much diff is the paper value

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How to get own loan?

 

Simply submit your own loan application to the bank or finance company after getting the vehicle details (including COE, OMV etc.) from the dealer.

 

Take note that many dealers will not give much discount or might even attempt to charge "extra fees" if you take your own loan elsewhere or pay in cash. Same goes for sourcing for your own insurance. This is because they apparently earn commission if you take a loan and buy insurance through them. Once you've paid the deposit, it'll often be too late, or at least very troublesome, if they suddenly raise the price or charge "extra fees" for taking your own loan/insurance, so it is important to discuss all these details before committing, state them down specifically and have them sign it.

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Speaking from recent exp, without car loan the price would be marked up or limited room for nego. Own insurance is possible as the comm they get is small. Sending to own trusted mechanic is best. Veh inspection are profit centre and wld overlook small defects so as to help the dealer along (experienced it before).

 

End of day just know that car appearance is only skin deep until examined thoroughly and by yr judgement after test drive.

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Simply submit your own loan application to the bank or finance company after getting the vehicle details (including COE, OMV etc.) from the dealer.

 

Take note that many dealers will not give much discount or might even attempt to charge "extra fees" if you take your own loan elsewhere or pay in cash. Same goes for sourcing for your own insurance. This is because they apparently earn commission if you take a loan and buy insurance through them. Once you've paid the deposit, it'll often be too late, or at least very troublesome, if they suddenly raise the price or charge "extra fees" for taking your own loan/insurance, so it is important to discuss all these details before committing, state them down specifically and have them sign it.

 

What Bicolor said about the loan.

 

Make sure you negotiate based on the price alone. Ignore other factors, negotiate based solely on price. Afterwards, make sure everything in writing, and the price there written is NETT.

 

They get commission from loan, from insurance, from basically everything that they sell to you.

 

In the sales agreement, make sure to state if that the car got problems (excluding wear and tear for older cars), that if the engine / gb faulty, you will get refunded.

 

Check out sgcarmart's entire selection first. Know what car you want, know the price for the model / age you're looking for, and which other dealers have similar car. Best if you bring iPad, so can check and show them in front of them. Else they bullcrap til the moon or Mars. Always be prepared to walk away.

 

Also, during test drive, just test everything. Brakes, steering, just don't crash. Rev til max if you like. Coz test drive is to hear the specific car everything. If you brake and it doesn't brake well, then something wrong already. (E-brake, but please, do it in a safe environment and not main roads.) This is the one time for you to test everything. If no mechanic, just bring to AA or Viacom. Make sure the cost is included in the car already. Usually, they will ask for deposit before inspection, so make note of the following: if Gearbox or Engine faulty, refund, if chassis show signs of welding or damage / collision, refund. Any more, you go think up yourself.

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I bought a used from car design and my present used car from Mayfair, both not too bad

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What Bicolor said about the loan.

 

Make sure you negotiate based on the price alone. Ignore other factors, negotiate based solely on price. Afterwards, make sure everything in writing, and the price there written is NETT.

 

They get commission from loan, from insurance, from basically everything that they sell to you.

 

In the sales agreement, make sure to state if that the car got problems (excluding wear and tear for older cars), that if the engine / gb faulty, you will get refunded.

 

Check out sgcarmart's entire selection first. Know what car you want, know the price for the model / age you're looking for, and which other dealers have similar car. Best if you bring iPad, so can check and show them in front of them. Else they bullcrap til the moon or Mars. Always be prepared to walk away.

 

Also, during test drive, just test everything. Brakes, steering, just don't crash. Rev til max if you like. Coz test drive is to hear the specific car everything. If you brake and it doesn't brake well, then something wrong already. (E-brake, but please, do it in a safe environment and not main roads.) This is the one time for you to test everything. If no mechanic, just bring to AA or Viacom. Make sure the cost is included in the car already. Usually, they will ask for deposit before inspection, so make note of the following: if Gearbox or Engine faulty, refund, if chassis show signs of welding or damage / collision, refund. Any more, you go think up yourself.

 

Yah buying a used car with no experience is not an easy task... so much things need to take note of, so many calculations, so much research and also need some luck... if can really must get someone with experience to go with you...

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heard that some car dealers purposely markup the price of the car so the buyer can get more loan from the Bank. Is this legal for both the car dealer and buyer? How does it work? Thanks...

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very simple.

Test drive the car. If you like, offer a price and

 

Tell the dealer you will only pay for

1. The car price (you will need to pay for the 1st instalment if you are taking loan)

2. The transfer fee ($11)

3. The insurance

 

no admin fee

no GST

no processing fee

 

I am driving my 5th second hand car till date.

 

 

majprity of dealers do not allow test drive. u go and test water before posting ok

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I always find its more of the salesperson than the company. I dealt with one recently in sin Ming but his inventory not many cars

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if dun allow test drive, then how to decide to buy the car?

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majprity of dealers do not allow test drive. u go and test water before posting ok

Did you personally met dealers who do not allow any test drive?

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Yah buying a used car with no experience is not an easy task... so much things need to take note of, so many calculations, so much research and also need some luck... if can really must get someone with experience to go with you...

 

Haha, I offer my service! But only looking for cars that I ownself also like.. [laugh] [laugh] [laugh]

 

heard that some car dealers purposely markup the price of the car so the buyer can get more loan from the Bank. Is this legal for both the car dealer and buyer? How does it work? Thanks...

 

This means that the buyer already cannot afford the car.

 

Firstly, it's under fraud, for cheating the bank on the value of an asset.

 

How it works is like this:

Car price 100K (example), Applicable OMV under 20K, so can take a 60% loan = 60K.

Buyer needs to fork out 40K, and repay the 60K loan.

Buyer only has 30K. Buyer needs a 70K loan. So 70K / 60% X 100% = 116,667 (marked up car price)

New car price 116.7K (round up), buyer needs to put down 46.7K, and gets a 70K loan from the bank to be able to pay for the car. But since the actual selling price is 100K, the buyer only needs to put down 30K with his 70K loan.

 

I'm excluding the amount for insurance and everything else, just say for the car price alone.

 

So, instead of paying 40K and servicing a 60K loan, the buyer pays 30K and services a 70K loan. The dealer gets a faster sale at the same price, the buyer incurs higher installment, due to more interest on the higher loan.

 

This is a simplified example.

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