Text by Cheryl Tay
Photos by Adrian Wong
With the COE prices of today, some people might turn to the pre-owned car market when shopping for a car.
Why get a pre-owned car?
I asked Benjamin Yeo, managing director of pre-owned car operator Urban Motors and his reply was:
“It’s simple and clear-cut – If you can afford, you buy a new car. If you cannot really afford, then you buy a second-hand car. If you still cannot afford then just take public transport. I won’t deny it – a new car is always better than a pre-owned car.”
I thought that was a very honest and straightforward answer.
Benjamin went on to say, “However, if you don’t want to pay so much for a new car and if you don’t mind that it’s used, then a pre-owned car will do fine. We will refurbish it as much as we can, but don’t expect a pre-owned car to be the same as a brand new car. Some people just cannot accept wear and tear, hence we have to constantly re-educate customers about the expectations and quality of cars.
For Urban Motors, each purchase of a pre-owned car comes with a 12-month warranty and 24/7 islandwide roadside assistance programme for added assurance.
Each car is serviced and inspected before the ‘FOR SALE’ sign is put up on its windscreen.
To add on to what Benjamin said, here are more points about the benefits of having a pre-owned car (that is, if you acknowledge and is acceptable of the fact that it is not brand new):
1) Increased Choice
With the same budget you allocate to get yourself a car, you will have a greater choice in the used car markets compared to the new car market.
2) Bigger Car at Less Cost
For the same price of a new car, you can get a pre-owned car that is a few years old but probably of a bigger size and with more features.
3) Same Car for Less Money
Similarly, that car you have always wanted is now available at a lower price, just not brand new.
4) Almost New
There is no denying that a second-hand car will never be the exactly the same as new, however, used cars will be prepared to be almost new so don’t start getting images of dirty, dull, worn-out cars!
5) Lower Depreciation — The steepest depreciation usually happens in the first year, so with a second-hand car, you will suffer less depreciation costs.
There are always two sides to a coin and where there are advantages, there are also disadvantages. So long as you are aware of the potential risks and are accepting of them, ultimately the decision to buy a new or pre-owned car depends on your affordability and what will give you peace of mind. It is also important to go to a trusted car dealer.
Urban Motors Pte Ltd
61 Ubi Avenue 2
#01-10 / #02-20
T: +65 6747 1110 / +65 6841 1110