Buy a car in Singapore? 5 important factors for new car
When it comes time buying a car in Singapore, many people get carried away and turn their attention to very expensive models. Often, in fact, we tend to underestimate the real expenses that these entail. We must not think only of fuel, but also of those expenses necessary to be able to circulate in a legal manner (tax and insurance). If you are planning to buy a new car, then consider our research tips that help you get the best car.
Consider your budget
First of all, you need to determine which cars are right for your budget. Keep in mind that you are supposed to haggle when buying a car, so don’t be fooled by the price of the sticker. Use online resources to find out what people in your area paid for the same car. Determine if you want to buy the car or lease it. Also think about other things that play a role in your budget, like energy efficiency.
You take out a car loans to pay for the car, don’t you? Keep in mind that the cost of the car should not exceed twenty percent of take-home pay. Buying the car will be more difficult if you are on a budget. It is essential to consider the car’s affordability today and the future cost of the car in terms of maintenance, repairs, insurance or fuel. Once these are factored in, and you are confident that you can afford the car, you can proceed with the purchase.
Many people underestimate these aspects, but in choosing the right car, you should always consider the degree of resale of the car and car maintenance costs. You should take into account especially if you have the habit of changing cars often, for example, every 5 or 6 years. In this case, what good is a model that completely loses value within a few years? It would be a bad investment. Similarly, it would be very wrong to invest in a car with a very low price but with very high maintenance costs. So, ‘what I save at the beginning I pay later with interest’, is absolutely not worth the money.
When you are buying a car, there are only a handful of priorities that you should take into account and security is the topmost priority. So pay maximum attention to this point. Among other things, even your insurance premium can be reduced in the presence of more effective security systems.
When choosing the car, consider what the standard safety features are that help you protect. In the case of a limited budget forgo the less essential accessories (such as metallic paint or the radio), but not the safety ones. The key ones are ABS, ESP and airbags.
Cost of insurance
The cost of insurance can vary from company to company, but it is usually based on a few factors. If you are a new driver, then your insurance premium can be increased by a certain amount. Other factors that determine the cost of insurance are the manufacturer, model, and year of manufacturing of your car. New cars are more expensive to insure than older models.
The purchase contract
The document you have to sign to buy your new car must be completed on the manufacturer’s pre-printed form and must specify. Besides, the agreed price and all necessary details should be included in the purchase contract, For instance, your car model, displacement, equipment, version, exterior colors and interior, type of fabrics and interior finishes, standard and extra accessories. If the chassis number is also indicated, check that it is the same as on the car.
Whatever plans you have for your vehicle, you need to make sure it is safe, comfortable, reliable, and affordable. You can begin your research online from the comfort of your own home and analyze your budget before you go to a dealership. Do your homework before heading to a car dealership because it can make your shopping experience more productive. Buying a car doesn’t have to be a long, long process. With proper research and planning, you can get the right car with peace of mind. Thanks for reading Cars N U article, if you need assistance in buying your car, feel free to contact us.
Cars N U Video: Assist you to buy your car in Singapore
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Leon & Partner was exceptionally good! The car caught my eye and I contacted Leon to enquire. He was very friendly and knowledgeable. Everything was super smooth, he booked an appointment for me to view the car and we close e deal at the first appointment. There were no hiccups at all, a very smooth sailing transaction! I got my car in less than a week or so without having to worry abt a single paperwork or so. Everything was done swiftly and proper by Leon and partner. They were super efficient, transparent and humble. Thank you for making the journey of owning a family car possible. This is by far the best car transaction! Thank you Leon & partner!
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The good folks at Cars N U are the buddies you never knew you had. Leon and his team make their priority to have your best interests in mind, taking care of both buyer and seller at every turn. Their keen and genuine approach made my whole sale process a smooth and reassuring one. I was a potential buyer turned seller after being impressed by the sincere spirit of Leon's service, despite not buying a car listing from them. Many dealers may simply move on to the next lead but Leon took it upon himself to offer his industry expertise and worked out a prospective offer to sell my car in a tight time frame set by me. Despite the challenging timeline and the COVID pandemic market conditions, CNU were laser focused on the task, and any queries I had along the way were promptly addressed. I truly feel blessed by this chance encounter turned opportunity, and would not hesitate to engage Cars N U again. It is amazing to see them work and Leon is setting a service culture for the rest of the industry to emulate.
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Engaged Leon and Jon from cars n u. initially was skeptical as I am totally ignorant about the car selling process. Leon patiently explained to me and gave me the assurance. Eventually decided to go for it. a test drive and didn't have a price yet, but my salesman, kept me fully apprised of the situation. Offered a refundable deposit until I could test drive it and make a decision. Great car, great sales team.
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