In Singapore, owning a car is
like having a finance liability. Car
maintenance, petrol, road taxes and car
insurance will contribute mainly to your
liability. Some people are able to manage
well with their income while some may find
it a little exhausting.
However, there are also many reasons why you
will consider selling your car away.
1) Ideally, if you are paying off your car
loan at a high rate, you probably should
reconsider taking a car which is near to
your budget. A lot of people are overpaying
for their car loan than what they can afford
to pay with their current income. A common
trend is Singapore, car loan and COE is just
too extorting. If you cannot able to pay,
why not sell of your current car and get a
car that comfortably fit to your budget
2) Having an unhealthy car relationship? If
you do not like your car, just get rid of
it! Do not keep something which you do not
desire. Replace a car for your choice. Often
times, you lose more than you gain by
keeping a car you do not need.
3) Are you paying expensive insurance
premium for your car? If you feel like your
insurance company is making you to pay an
insurance that you are almost paying for
BMW, this time u should reconsider selling
your car away. You can always get a car that
offer you lower insurance premium.
4) Income is more and is stable will also
make you sell away your car. As you would
like to have a new car for a ride thus, your
old car can be sold to saving on your
5) Although this is a bad reason to sell a
car but it makes perfect logic. Car license
was being revoked for committing a traffic
offence. In this situation, there is no
reason for you to give the car. As revoked
license is for few months or even longer,
there is no motive for you to keep a car
that you cannot drive. Selling your car away
also indicate you no need keep paying those
insurance as you cannot drive without
6) As ironic it can be, your car is always
in the mechanic shop rather than on road.
This indicates that you need to sell off
your car fast and get a new car. If your car
is under performance and need to service
regularly in the workshop, you are keep your
maintenance fee high and not worth.
7.) Got a 2 seater sports car or SUV petrol
drinking vehicle? If you do not need a SUV,
consider getting a more petrol friendly car.
Here in Singapore, the cost of rising petrol
can drain up your hard earn money on petrol
thirsy SUV. Go for hybrid if you can. always
think of the environment, after all, we have
only one Earth.
7) Lastly reason is also vital as if you
have a big family, your normal sedan car
will not be able to support. Thus, you need
to sell of your sedan car to get a SUV or
MPV that have more room space to carry your
To conclude, there are many reasons why need
to sell a car. Not necessary is because of
your financial burden. Always remember do
source around to see your car market value
before changing or sell your car.
Selling your car and need the best car
dealer in town?
Call us for a no obligation
Find out why we are the favourite brand when
it comes to buying and sellign of new or
used cars in Singapore.