Buying Car Singapore, Great Tips, Smart way
Buying Car Singapore, Great Tips, Smart way – Are you going to get new wheels? If yes, you should know more about buying a car Singapore. Getting it right is so important because the car is the second biggest investment you can make in your life after buying a home. Here, we will look at some steps you should take to choose the right car for you. Keep reading to learn tips for buying a car the smart way.
Look into Pre-financing Options for Buying Car Singapore
Look into the financing options, some people obtain car dealership financing, but this is not monetarily responsible. It has higher interest rates as compared to bank loans rates. Start researching auto loan rates from your bank as most banks offer discounts that you won’t find anywhere else.
Get Instant Price Quotes Online
Once you have managed the finance, next step is to research the market, check different car dealership options; find the price of care, resale value and market value of the car. All these information help you once the negotiation begins. When you have narrowed your search and consider one or two specific car models to buy, get the price quotes online. Compare the quotes and see which deal suits best to your needs. If you do not want to buy it online, you can use these price quotes as a reference when you research market. You can match the prices with online quotes prices when you visit the local car dealers.
Do a Test Drive for Buying Car Singapore
As you are going to purchase something big, so you must feel comfortable with it. When the dealership is closed, you will not take the test drive. So it is better to set up a test drive, or you can even rent your desired car for a day or two. This is no doubt, the best way to do a test drive. When you are going to buying a car Singapore, don’t forget this important step, especially if you are buying it online.
Once you have done a test drive and you are satisfied with what you choose, negotiate terms. Buying a new car is more than a chess match. It is a very important investment in your life after purchasing a house. You may be paying off your dream car for the next five to ten years. For negotiation, knock the buying price down. Start with some numbers and go backwards. If the sales personnel give you a monthly loan offer, e.g. the offers 60-month loan, negotiate with them and tell him you want this payment with a 48-month loan.
But remember one key point, i.e. negotiate with the salesperson on the car’s purchased price rather than the monthly payment. Also, make sure to know the exact purchase price of the car that you are going to buy. There could be an additional cost that can affect the price such as delivery fees, taxes, dealership costs, car preparation and other you will not know about if you not ask.
Close the deal
Now it’s almost done, and the finish line is not very far. It’s time to sign the paperwork. Make sure to read the purchase agreement before signing it. If the agreement is not the same thing you have agreed to the dealer during negotiation or on the phone, don’t go through with this deal.
When is a good time to buy a car?
As everyone knows that newly launched car models are costly than old models. If you want to buy the new one without breaking the bank, then wait for a while to drop the price before you make the purchase. Some car dealers offer promotions, roadshows, anniversary discounts that you can avail but remember not to make a hasty purchase decision due to promotions. When you are buying a car Singapore, choose the weekdays to visit the showrooms because they are less crowded these days. The salespersons will be more obliged and attentive to answer all your doubts.
To wrap up, buying car Singapore is a big purchase. So it is very important to do in-depth research before making the purchase decision. By following the above tips, you can buy your new car the smart way. If you have any other tips for buying a new car, share us in the comments below!
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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.