Besides trading in their old cars at the time of a new purchase, the most popular avenue for motorists to sell off their pre-owned rides is directly to used car dealers.
Well-versed with how the trade works, dealers can help to take care of troublesome paperwork while fetching decent returns for car owners. With over 600 used car dealers in Singapore, knowing which one to sell to is an art that can help car owners fetch a price difference of between five to 15%.
This is because the purchase prices offered by dealers can differ greatly. Try asking a used car dealer who specialises in Japanese cars to buy your BMW, and he will likely play on the safe side and quote you a low and conservative price as he is unfamiliar with the car.
Well-versed with how the trade works, dealers can help to take care of troublesome paperwork while fetching decent returns for car owners. With over 600 used car dealers in Singapore, knowing which one to sell to is an art that can help car owners fetch a price difference of between five to 15%.
This is because the purchase prices offered by dealers can differ greatly. Try asking a used car dealer who specialises in Japanese cars to buy your BMW, and he will likely play on the safe side and quote you a low and conservative price as he is unfamiliar with the car.
Sgcarmart Quotz helps more than 400 car owners to sell their cars each month
Moreover, dealers are prone to overpromise on the car price over the phone and may not honour it when it comes to the actual deal, hence making price comparison difficult and time-consuming.
To help owners who are looking to sell their cars maximise returns, Sgcarmart Quotz offers a unique service that puts pre-owned cars up for bidding to used car dealers. To date, more than 500 dealers are taking part in this bidding system.
By driving up competition between used car dealers, cars sold via this channel are able to fetch higher prices. With car owners in mind, the entire process is also designed to be as hassle-free as possible.
To help owners who are looking to sell their cars maximise returns, Sgcarmart Quotz offers a unique service that puts pre-owned cars up for bidding to used car dealers. To date, more than 500 dealers are taking part in this bidding system.
By driving up competition between used car dealers, cars sold via this channel are able to fetch higher prices. With car owners in mind, the entire process is also designed to be as hassle-free as possible.
The team at Quotz will assess your car so that car dealers are able to offer a better and more accurate price for your ride
"The car will then be listed on a bidding system, which more than 500 used car dealers have access to. The highest offer will be ready within an hour and the seller gets to choose whether to accept the offer. If it is accepted, the seller gets paid immediately, and the car can be handed over in two weeks' time. Once you accept the offer, we will pay you a cash deposit to seal the deal. The balance sum will be paid to you once you handover the vehicle." Lynn added.
Parameters that are important to used car dealers, such as the quality of paintwork, are taken into consideration
Quotz is a subsidiary of Sgcarmart.com and has successfully transacted over 40,000 cars.
Mr. Jeffery Ang (pictured right), Manager of Lake View Used Car Trading, finds the open bidding system useful and effective when it comes to sourcing for cars
Sgcarmart Quotz (Quotz Pte. Ltd.)
Sgcarmart Quotz is now located at 6 Kung Chong Rd, Singapore 159143, and contactable at 6744 7571. It operates from 9:30am to 6:30pm daily.
Here are some related articles that might interest you
Tips to get the best price when selling your car to used car dealers
Car Consignment - How it works and other options
Sellers of eight to 10-year old cars can get help from Sgcarmart Quotz
Selling your car: Avoid these mistakes when selling to a dealer
For all car owners, here's how you get money from selling your car
*This article was updated on 10 October 2023.
