Purchasing A Second Hand Car In Singapore: The 3 Myths To Uncover  

There are many ways to access means of transportation. First, people can go directly to a dealer and purchase a brand-new car they want. Aside from that, businesses also do this to maintain their logistics and other operations that rely on movement. Second, some prefer going with a second hand car in Singapore to minimise the expenses or the financial obligations of owning one. They fancy this route because it either fits their financial capability or sometimes the uncertainty of things because your personal and business needs change, and your need for a vehicle is not constant. Lastly, many companies offer services to people and businesses that need transportation, such as financing programmes to lessen the cost upfront, leasing plans for short-term needs, and other flexible options.

However, what makes this topic complicated is the misconceptions that surround them. Imagine some customers think buying a used commercial vehicle in Singapore is for businesses with limited financial means. However, that is not the case because they offer the most efficiency and let the manager or owner handle their finances better. Going for these options means saving money and prioritising more crucial matters in the business.

In this article, let us address the misconceptions by explaining them and providing the truth to help you understand things better.

#1: RENTING AND BUYING A USED CAR IS FOR THOSE WHO CAN NOT AFFORD TO BUY A VEHICLE BECAUSE IT IS THE CHEAPER OPTION

MYTH: Buying a second hand car in Singapore or renting a commercial vehicle for your business is only for those with limited financial means because they do not have anything to spend on a brand new one. Another thing is the lack of money for ownership expenses, such as government registrations, gas, maintenance, accessories, and other responsibilities, because these things come with a hefty price tag and are sometimes more expensive than the SRP of the vehicle. With this, most people think the best choice for those with money to spare on a car is to buy them, and renting is never an option.

TRUTH: The most popular reason for buying a second hand caror renting a mini bus in Singapore for your transport business is to save expenses and ownership commitment. However, it does not mean it is only for those with limited financial means because there are clients who will surely benefit from this option. First, not everyone needs a car for a long-time, such as a business that wants to try using a vehicle to improve their operations or a person temporarily relocating to the suburbs where public transport is a bit limited. Second, it is not only a matter of money, as mentioned earlier, because it also pertains to the type of ownership people need.

#2: LEASING AND BUYING A USED CAR TENDS TO BECOME MORE EXPENSIVE IN THE LONG RUN BECAUSE OF PAYMENTS AND REPAIRS

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MYTH: In most cases, buying a second hand carbecomes more expensive because they are usually older models with issues and other problems in their machine. It gives you a higher cost of commercial and personal vehicle servicing in Singaporedue to their age and signs of damage from the previous owner. On the other hand, leasing a mini busor any other commercial vehicle for your business also offers the same effect. Imagine the payments you spend and the fees the company is charging, and it will make you realise that things will be better if you have bought a vehicle instead of borrowing one. These two options will bring nothing but stress and financial obligations.

TRUTH: Leasing a vehicle for personal or business use, purchasing a used lorry for sale in Singapore for your logistics and transportation, and buying a new car to achieve your dreams offer the same advantages and benefits under one condition, you have made a wise choice that suits your lifestyle! First, realise that these three options have their respective pros and cons, and no one is superior to the other. If you think leasing is more expensive in the long run than purchasing a shiny new vehicle, think again because it is a matter of whether you can afford these financial obligations or go the route that suits your personal or commercial needs.

#3: COMPANIES HAVE HIDDEN CHARGES WHEN LEASING OR OFFERING USED CARS, AND YOU ARE BETTER OFF TRANSACTING WITH A PERSON

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MYTH: Check the terms and conditions of your mini bus or commercial vehicle rental in Singapore, and you will notice a pile of hidden charges that go straight to the company’s revenue. On top of that, these payments do not let you experience anything because you have already paid for the service, and they only use these fees to earn more from unwitting clients who never read the contract or ask questions. For example, if you are planning on buying a second hand car, it is better to reach the owner directly than trust a company that has listings. Why? The exorbitant fees are something you should avoid. Preventing constricting terms & conditions is also your goal because these things can affect the ownership or contract plan.

TRUTH: Companies never add exorbitant fees for no valid reason. First, it lets people buy a second hand car or lease a commercial vehicle with servicing plan in Singapore with peace of mind knowing they maximise every cent. With that, the company is also confident they comply with fair business practices. Second, buying from independent sellers can be challenging because some are scammers. While you can do this with a friend or someone you trust, some people will take advantage of you! Lastly, painting companies as money-making enterprises is unfair to them because it gives people the wrong impression. Instead, if you observe someone engaging in unfair transactions, contact the relevant government agencies to file a report.

Think One Automobile offers a used lorry for sale in Singapore for businesses that need them for a short-term contract or a commercial vehicle servicing plan for those with mechanical concerns on their equipment. Visit their website for more information.