What to consider before you buy a car in Singapore

Having a car has a lot of perks, but the cost of it should be one of the considerations before you decide. Although cars have become more affordable today, considering there are a lot of options to choose from when it comes to the type of car you plan on getting depending on the car company, there are still other expenses that are entailed in owning one. So these are the things you need to consider before you buy a car in Singapore.

Budget

Of course, budget should be the main priority when you plan on buying one. Often times, first time car owners can tend to splurge on the additional features that can be added once you are offered for a deal. But you need to be sensible when it comes to this one, and stay firm with your budget.

 

Your budget should be within your capacity, especially if you plan on paying for the car on a monthly basis for the next five years. Other than the price itself, there are other things that you will need to pay such as the certificate of entitlement which gives you the right to own and use a car in Singapore. You should know the latest coe bidding results to get an idea as to how much these bid prices will usually go. So when it comes to renewing your coe, you have prepared yourself and your bank account as to how much money it should have.

 

Functions and features

When you consider buying a car, you should always ask yourself what you really need, and do you need it. An important example for this one is that should you buy a SUV wherein you will be the only one who would usually use it or just stick to a sedan. Other than that, you should choose a car that will actually fit your lifestyle. Prepare yourself with the features that you need and the features that you are looking for, in that way, you are able to get a good idea as to what type of car you should be driving.

Shop around

While you may be surrounded with friends that have the same brand of car, chances are you will become bias and likely get the same brand of car. Research some of the cars from other companies to best suit your preference as this will help you in comparing the prices, functions, and features that it has.

 

Buying a car has a lot of responsibilities, and can be a little too heavy for your pocket.  It would be best of your interest to actually invest first on what you actually need rather than on things that attracts you the most. In that way, you are able to make adjustments as to whether you should consider getting the added feature installed or not.