While negotiating with the car dealer, experts advice that you bring up all the faults that you have found. These will be your grounds for negotiation. You can ask for a lower price or insist that they pay for the repairs. Once the negotiation is done, make sure that the terms are translated into a written agreement. Do not pay the car dealers until all their promises are delivered. Just to play it safe, ask for a receipt for every payment that is made.
In addition, you have to take note of the road tax renewals, warranty terms, insurance premiums and the transfer fee that constitutes two percent of the car's book value. To obtain the books value, call up the Land Transport Authority and quote you vehicle number.
Getting a pre-owned car has several benefits. For starters, depreciation tapers off as a car gets older, meaning a car which has had a manual depreciation of $10k when new might now be worth only $7k a year. As such, the financial loss from this investment is kept to a minimum. What's more is that you get to drive a more expensive model for less money. A five-year-old BMW might cost the same as a brand new Nissan Sunny. With slightly less demanding financial commitment many people are turning to the second hand car market. However, while there are significant savings to be had from buying used, do choose carefully as a hasty and impulsive decision might translate too much heartache later. Buy a poorly maintained vehicle, and you might end up spending most of the money saved on hefty repair bills. So keep your eyes and ears open and happy hunting.
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