How do I know if all of Carousell Certified Cars are in good condition?

Every used car that is listed has undergone a thorough 108+ point inspection and has passed it. When we notice something needs fixing, we either replace it or repair it. As a result, you may drive with confidence knowing that it complies with the highest quality and safety standards. All Carousell Certified Cars include a 12-months warranty for engine and gearbox.

Can I get a car loan when purchasing a used car from Carousell Certified Car?

We work with several financial institutions and we will assist you in applying for car loans at the most competitive rates available, settle any outstanding car loan for you, and even offer guidance on any financing questions you might be facing. We will also support in all paperwork and administrative tasks to ensure that it is a seamless experience when you purchase your used cars with Carousell.

Can I trade in my existing car?

Yes, we do have trade-in options to offset your new car purchase. We operate one of Singapore's auction platform, and help you get the highest trade in prices from 500+ partners within 24 hours for your used cars.

What are the parts that are under the 12-months warranty?

We understand your fears about purchasing a used car and the pain of learning after the fact that the vehicle has an expensive engine or gearbox problem.

Singapore's lemon law, however, only covers defects for six months that were not highlighted at the time of purchase. To give you greater peace of mind and confidence when buying from us, all Carousell Certified Cars feature a free 12-months warranty coverage that includes the engine and gearbox.

Within the 12-months of the warranty, if any defects are discovered, Carousell will replace the defective component at no cost to you.

However, please take note that general wear-and-tear items like brake pads and tires are not covered by this warranty.

How to buy a used car in Singapore?

You can browse thousands of used cars for sale on Carousell or narrow your search to Carousell Certified Cars.

What should I check when buying a used car?

These are the few things that you should check before making a purchase.

• Mileage
• Exterior, interior and engine condition
• Maintenance records
• Signs of accidents
• Warning lights

With Carousell Certified Cars, you can buy with confidence and 12-months warranty will be provided. All our cars go through a 108+ points inspection to ensure quality and safety standards are met. The inspection report will be provided and can be used as a reference.

Which cars have great reliability in Singapore?

Cars between the age of 1 - 5 years old from their registration date are usually more reliable as they are relatively new and have lesser wear & tear. Generally the asian makes are also known for their reliability while the continental makes require more care and attention

Most cars however are reliable as long as preventive maintenance is carried out and proper servicing is done.

At Carousell Certified Cars all our cars are between 1 - 5 years old from the 1st registration date. With our inspection and warranty program, you can be sure that the car has the quality and adhere to all safety standards.

What's the cost of buying a car in Singapore?

The cost of buying a car covers various components such as

• Open Market Value (OMV)
• Additional Registration Fee (ARF)
• Excise Duty And GST
• Certificate Of Entitlement (COE)

What is Open Market Value (OMV)?

The Open Market Value (OMV) is the 'actual' price of the vehicle as assessed by Singapore Customs when sold for export to Singapore. This price includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.

If a car is de-registered within its first 10 years of its COE tenure, the owner is entitled to a Preferential Additional Registration Fee (PARF) rebate which is a percentage of the OMV. For a detailed calculation of the PARF rebate, please see LTA's website here.

What is Additional Registration Fee (ARF)?

The Additional Registration Fee (ARF) is a tax levied on a vehicle during registration. It is based on a percentage of the Open Market Value (OMV) of a vehicle as determined by the LTA. The ARF determines the PARF rebate, which is a key contributor to the deregistration value of a vehicle.

What is a Certificate Of Entitlement (COE)?

The indicated Certificate of Entitlement (COE) value is the value of the COE secured when the car was first registered.

COE is required for every car in Singapore to be registered for local use, and is a function of market demand and supply. There is a limited supply of COEs released and they have to be bidded for.

If the vehicle is deregistered and still has remaining COE left, a rebate will be granted to the owner in the form of a prorated Quota Premium (QP) or remaining COE value.

• Dealers margin
• Cost Of Owning And Maintaining Your Car
• This includes car insurance (yearly), parking and petrol, road tax (yearly), servicing and maintenance.

It is important to plan and purchase a car that fits your budget and needs. At Carousell Certified Cars, our sales representatives will recommend a car based on your lifestyle, needs, and budget. Do visit us at our showroom to find your dream car.

How long does it take to buy a used car in Singapore?

You can buy a car within hours if you are buying the car on full cash, or anywhere between 3-5 days if a car loan is required. (up to 10 days for more complicated cases such as guarantor requirements)

Required paperwork when purchasing a used car in Singapore

• Vehicle sales agreement
• Loan application
• Insurance application (if needed)
• Trade-in (if any)
• Vehicle purchase agreement (if any trade-in)

What are the car financing interest rates like?

Car loans in Singapore are typically categorized based on the type of car you are getting:

1. Loans for new cars
2. Loans for used cars
3. Loans for cars with renewed COE

These are the different types of providers for car related loans: banks and financial leasing companies.

There are 2 types of loan providers: banks and private financing companies. Banks that provide car loans include but are not limited to: OCBC, DBS, Hong Leong Finance, Maybank, Tokyo Century Leasing, UOB.

The bank interest rates

• New cars vary from 2.78% to 3.18%.
• Used cars vary from 2.78% to 2.98%.
• Cars with renewed COE vary from 2.88% to 3.75%

For private financing rates or better known as in-house dealer financing, the interest rates range from 3.98% to 4.28%.

The interest rates are subjected to market changes. Please approach our friendly sales representative to find out more about the interest rates. Alternatively, you may use our platform to get the best car loan with the best rates in the market.

Can I opt to source my own insurance quotes when buying a used car?

Yes, you may source for other insurance providers. There are several points to consider when sourcing for other insurance providers.

• Cost of the insurance
• Insurance coverage
• Excess amount - This is the amount you have to pay out of your pocket before the insurance provider pays for the rest.
• Choice of workshops - The insurance provider may designate a list of authorized workshops for repairs. Thus, you may not go to your favorite workshop if repairs are required.
• NCD (No claim discount) -discount applied to the premium if you have not done claims in the previous years.

At Carousell Certified Cars, we offer competitive rates for car insurance and take care of all the paperwork. You may check with our sales representative for the best quotes or submit your inquiry through our OneShift.com.

How much can I negotiate for a used car?

We understand that purchasing a car is not to be taken lightly and it may not fit your budget. Carousell Certified Cars prices are transparent and without any hidden charges or administrative fees (admin fee, unless applied by finance companies/banks).

We price our cars based on the market value and we only provide the best price to our customers.

Is it compulsory to send my vehicle to Carousell Certified Cars workshop during the warranty period?

It is not compulsory to send the car that you have purchased from Carousell Certified Cars to our authorised workshop.

However, we will strongly encourage you to send the car to our authorised workshop if it is still within the warranty period.

If you are unsure, you may call our customer service hotline to enquire more on 6533 5878, from Monday to Friday, 9am to 6pm.

How much down payment is required and how do I calculate my monthly installment for the car?

The down payment amount is based on the Open Market Value (OMV) of the car.

If the used car OMV is valued at ≤ S$20,000, you can loan up to 70% of the purchase price or valuation price, whichever is lower.

If the used car OMV is valued at > S$20,000 loan you can loan up to 60% of the purchase price or valuation price, whichever is lower.

We also provide 0% down payment for selected car models at a higher interest repayment rate.

Alternatively, you can explore the option of trade-in to reduce the total amount or down payment required.

After deducting the down payment and trade-in (if any). The monthly installment is then determined by the loan repayment period and prevailing interest rates.