Benefits of buying a pre-owned car

Written by Cheryl Tay on . Posted in Cheryl Tay Blog | Blog Post of Cheryl Tay

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.

540659_10150976232242710_205217140_nTo 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

Automobile Megamart

Singapore 408898

T: +65 6747 1110 / +65 6841 1110

E: sales@urbanmotors.com.sg

W: www.urbanmotors.com.sg

 

Related Posts:

Urban Motors: Supplying cars to the city

Becoming Your Own Boss, with Benjamin Yeo of Urban Motors

A Successful Outing for Urban Motors’ 1st CATS Classifieds Car-nival

Cheryl Tay

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Singapore’s only female full-time motoring and motorsports photojournalist. Independent automotive consultant and prominent local motorsports personality Cheryl Tay is uniquely passionate about all things cars and motorsports. She also has a strong passion to share her interest and knowledge, hence having a dream to become the ‘Oprah Winfrey of cars and motorsports’ and create a multimedia platform for her sharing. - A female in a male-dominated world, Cheryl Tay is Singapore’s only female full-time motoring journalist and motorsports blogger and she regularly writes for prominent titles in Singapore, Asia and internationally. (See full list of titles that Cheryl Tay writes for here.)

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