Hi all!
I'm thinking of buying a 2nd hand car but i am not sure how it works with the dealers. i've heard of so many stories of dealers trying to con buyers and there's no information that i can find over the net.
perhaps someone here who has had experience in buying 2nd hand cars can answer my questions?
1) what am i suppose to pay once I've decided to get the car?
i know there's a downpayment but other fees involved?
Guess you can check out the site below, they got lots of good tips for owning a second hand car.
http://www.sgcarmart.com/news/writeup.php?AID=92
Other than the downpayment, you need to pay for a transaction fee for the dealer (usually can get it waived if you bargained hard) and a LTA transfer fee (gotta call PM Lee to get it waived)
2) are those misc fees negotiable?
Sure like hell they are negotiable though the dealer will point to their Casetrust logo and say they are authorised to do it. If you refuse to pay the usu $300 fee, suggest to them you would do the documentation yourself cos is real easy.
3) i just passed my license less than a year ago. not sure how much my insurance will be? (i called a dealer, he said that i have to pay 1yr of insurance in full to secure the car. is that true?)
Usu insurance is super expensive for new drivers and most co dun accept those with new license except a few. All policies gotta pay 1yr in advance though some credit cards do offer instalment plans,
4) can i choose the insurer?
Of course though 99% of the insurers will not choose you cos you a a new driver!
5) IF in an event that soon after the car start giving my problems, not in as good a condition as claimed by the dealer, can i hold them liable?
prob not they usu give you like a week or so warranty but i think you need to clarify with the dealer yourself!
thanks people in advance for answering my noob questions.
