Second-hand car? Don’t get second thoughts.
Second-hand doesn’t mean second best, but you’ll need to do your due diligence before making a purchase.
Ready to bid your old car goodbye, but wary about the steep cost of a brand-new model? Buying second-hand could be the answer. Here's what you need to get a good deal out of it.
Opting for minimum coverage might save you a little money at the start, but inadequate coverage may prove costlier in the long term.
A study reveals that medical costs associated with traffic-related injuries in Singapore ranges between S$12,000 and S$163,000, depending on the severity7. Meanwhile, another estimate puts the cost of a full repair of batteries for hybrid cars at over S$10,0008.
These costs will keep rising. That’s why you need to shield yourself against these expenses with a Comprehensive insurance policy that provides a holistic coverage against a wide range of motoring accidents.
Safeguard your drive with enhanced protection, hassle-free claims processing, and 24/7 accident assistance in select cities.
Sources:
- https://www.sgcarmart.com/articles/advice/buying-used-cars-is-the-smarter-choice-in-singapore-heres-why-30742
- https://carro.sg/blog/5-checks-buy-used-car/
- https://www.sgcarmart.com/articles/advice/used-car-buying-guide-what-to-look-out-for-when-viewing-a-used-car-30493
- https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/ongoing-car-costs/inspection.html
- https://www.sgcarmart.com/articles/advice/want-to-buy-a-used-car-in-singapore-do-a-proper-vehicle-evaluation-first-30883
- https://www.singsaver.com.sg/blog/from-third-party-to-all-risks-which-car-insurance-type-is-best-for-you
- https://sg.finance.yahoo.com/news/6-types-costs-result-car-020830950.html#
- https://www.motorist.sg/article/972/infographic-average-cost-of-car-repairs-and-part-replacements
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