Afraid Of Used Car Purchases? Carousell Certified Cars To The Rescue

While it’s not easy to fully eradicate the stigmas associated with used car purchases, we also have to recognise the fact that bad apples should not speak for the entire basket. Mountains of administration involved before selecting your pre-loved car can be a burden in itself, which is why Carousell Certified Cars aims to address the crux of the matter. This QnA serves to buckle down the “pain points” tagged to used car buying - hang on tight, it’s not as distressing as anticipated!

Where do I even start?

If you have been selling your items via Carousell all these while, you might chance upon other services offered - in the case of automobiles, Carousell Certified Cars is a platform you can explore. Start shopping here.

How do I know if the used car is in good condition?

With Carousell Certified Cars, each listed vehicle has successfully completed a 119-point examination, with any identified issue addressed through replacement or repair. This ensures that you can enjoy peace of mind, knowing that the car meets stringent quality and safety criteria. Moreover, all Carousell Certified Cars come with a one-year warranty covering the engine and gearbox.

How do I trade in my current car?

Trade-in options are available to reduce the cost of your new car. Carousell Certified Cars also runs an auction platform in Singapore and can secure the best trade-in prices for your used car from over 500 partners within 24 hours.

What must I check before deciding on a used car?

Before making a purchase, it's essential to check several factors, including mileage, condition of the exterior, interior and engine, maintenance records, signs of accidents and warning lights. Carousell Certified Cars provides a 12-month warranty too, including a 119-point inspection to meet quality and safety standards.

Should I buy an older used car?

Cars typically between 1 and 5 years old are generally more reliable due to their relative newness and lower wear and tear. However, with proper preventive maintenance and servicing, most cars can remain reliable. Carousell Certified Cars exclusively offers vehicles that fall within the 1-5-year age range from their initial registration date. Used car buying guides are available here too.

How long do I need to wait to drive my new pre-owned car?

If you're purchasing a car with full cash, you can complete the transaction within a few hours. If you need a car loan, the process usually takes between 3 to 5 days, but in more complex situations like those involving guarantor requirements, it might take up to 10 days.

Here are the necessary documents for buying a used car in Singapore: Vehicle sales agreement, loan application, insurance application (if required), trade-in details (if applicable) and vehicle purchase agreement (if there is a trade-in involved).

I am taking a loan for the used car. What are the steps involved?

For a used car with an OMV of ≤ S$20,000, you can secure a loan for up to 70% of either the purchase price or the valuation price, depending on which is lower. If the used car's OMV exceeds S$20,000, you can obtain a loan for up to 60% of the purchase price or valuation price, whichever is lower. Once the downpayment and any trade-in value (if applicable) have been subtracted, the monthly installment is determined based on the loan repayment period and the prevailing interest rates.

I’m convinced with the used car route, but should I choose Carousell Certified Cars?

Presenting the snacks to sweeten the deal. Every Carousell Certified vehicle undergoes a road test conducted by certified mechanics and comes with a 12-month warranty covering significant vehicle components. You'll also enjoy benefits like up to 2x free servicing packages, access to replacement vehicles at no extra cost and access to roadside assistance. Assistance will also be provided to find the most competitive trade-in offers from their network of 500 dealers, to help you save on your next Carousell Certified Car purchase.

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Selling your car? Whatever the reason, caryousell@carousell, sell your car at the highest price today.