There are almost 150,000 passenger cars between eight and 10-years old in Singapore, making up almost a quarter of the car population here.
 
There is no demand for these cars in the local resale market with the current COE climate. Hence, most of these cars will be due for deregistration and subsequently be scrapped or exported.
 
Assistant Manager at Sgcarmart Quotz, Lynn Chua, explained, "Traditionally, a car owner would sell his old car to a used car dealer or do a trade-in at a car dealership, and the dealer would then resell the car to an exporter or scrapyard. With a middleman in place, the car owner will never get the best price possible."

 

 

"When a car seller comes to Sgcarmart Quotz, we check with our partner network, comprising of over 100 exporters and scrapyards, to get the best-selling price of the car. If the seller is happy with the price, the exporters or scrapyards buy from them directly," added Lynn.
 
One satisfied car owner who managed to sell her car via Sgcarmart Quotz, Ms. Yue Hui Hui, had this to say, "They got me the highest offer within an hour! The dealer came down within the same day and the deal was sealed that day... so fast I almost couldn't believe it."
 
In general, a car eight-years old and below will be more suitable for the auction bidding service, which has a highest price guarantee provided by Quotz.
 
According to Lynn, "With Singapore's most efficient bidding system of over 500 dealers, the highest bid price will be ready for you in just one working day. We guarantee our selling price is the highest in Singapore. This is recommended for cars meant for local resale, which are less than eight-years old."