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When to Buy a New Car vs Used? | DirectAsia

Mon, 04/18/2016 - 01:00
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Life is too short to drive a car you don’t like. But when you are buying a new car, the price tag comes with commas. With so many options available in Singapore, what is the best deal for you?

DirectAsia investigates why a new car may be best, when to buy and offers inspiration for your purchase.
 

Buying A New Car - Advantages

The warranty. New everything – engine, interior, breaks, tyres. Also, you can rest assured that the car is accident-free and no one is covering up its bad history.  With a car between 0-3 years, there are lower maintenance and repair costs.

New car owners like to keep a watchful eye over their precious purchase. If you are insured with DirectAsia, you can choose the workshop you prefer for repairs. You also get a 12 month guarantee if you go with one of our recommendations. Bonus If you opt for car insurance with Loss of Use benefits – we will reimburse $50 per day while your car is in the shop.
 

Timing

Newly released cars always command a higher price, the best time to buy is when dealers are clearing stocks of last year’s model. Beware of flashy promotions, sometimes prices are inflated before being given a “discount”. So, do your research and shop smart.

When the price of COE falls, the prices of your desired car should fall in line. If the COE prices fall but the car you want remains the same price, negotiate hard for a realistic discount.

The best advice we found on negotiating is from money expert David Bakke who says, “I always make sure that I walk out of at least one dealership. This way, I always know their rock-bottom price, often given to me just before I leave.”

On top of discounts, you can request freebies, like servicing vouchers, solar film or car interior mats.
 

Showroom

A proper test drive is essential. Why? It's your opportunity to make sure the car is right for your needs and comfortable for you. After all, you are going to spend a significant amount of time in it!

Tip: “Other than test-driving the cars have narrowed down, it is also wise to test drive something at the higher rung of your budget or just above your budget. You will perhaps make better judgment on your original car of choice.” oneshift.com 

Dealers may also give deeper discounts to clear stock that isn’t selling, such as cars in less popular colours.

Tip: “Allow at least an hour for your test drive – in town, out on the open road and on a motorway if possible.” moneyadviceservice.org.uk
 

Want Inspiration?

Here’s our roundup of noteworthy new and updated cars available in Singapore from 2015. From the height of luxury to the everyday workhorse.

Alfa Romeo 4C

Aston Martin

Audi TT Rapide S

Audi A1 and A7 Sportback
 

Bentley Mulsanne

BMW 2 Series Convertible / M235i Convertible
 

Citroen C4 Cactus
 

Giulietta QV
 

Ford Focus

Ford Mustang
 

Honda HR-V

Hyundai Tucson
 

Kia Rio
 

Mazda 2 Supermini

Mercedes-AMG GT

Mini Cooper S John Cooper Works
 

Nissan Qashqai 1.2
 

Peugeot 308

Porsche Cayenne
 

Range Rover SVR
 

Toyota Camry
 

Volkswagen Golf Sportsvan

Volvo XC90
 

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