Selling your car to a dealer is by far the most common method used by Singaporeans and we can understand why. It is generally fast and saves you the hassle of paperwork. However, since dealerships have to make a profit from every deal and also run several risks associated with selling a used vehicle, they often employ several tricks to make you sell lesser. Find out what these tricks are and learn how to avoid them.
1. Be wary if a dealer’s offer is a lot higher than the rest
One of the most common trick in the bag, some dealers will offer an extremely attractive price to entice car owners to make the trip only to “revise” their prices greatly when face to face. Always take prices that are extremely attractive with a pinch of salt.
OTUA Flash-sale! and OTUA Connect! always ensure that your buyers are carefully screened and filtered so you will not be frustrated by empty promises.
2. They may nitpick on the slightest scratch or dent
While it’s common practice to revise their offer price if the car has obvious mechanical troubles or serious cosmetic defects, some dealers take it 1 step further and cut prices for the mildest scratch or dent on your car. In fact, some dealers may even charge “exorbitant” repair fees on said defects (IE. $3000 to respray the entire car when it probably cost them only $1200). Do your homework and make sure they do not slash your selling price excessively from said “repairs”.
OTUA Flash-sale! will send our own experts to evaluate your car condition fairly to prevent unscrupulous practices. We also have our own OTUA Works (workshop) so every required repair is at our own special rate.
3. “It is time consuming to shop for the best price for your car”
Your dealer will try to convince you that it is extremely time consuming to visit different dealerships around the island for the best deal and you should just settle for their prices. In fact, ask any of your friends or relatives who have tried selling their car and they will share with you the pain of travelling around the island just to get a marginal $100 or $200 more for their car. However, this is no longer true as the internet has brought new ways for car owners to reach out to hundreds of dealers at the comfort of their home.
No worries, OTUA Flash-sale! and our experts will go through the trouble and get the best price for your car without you taking a road trip around the island.
4. Buying a car from a dealership? Trade-in prices are usually the biggest traps
Buyer a car is a huge decision, especially so in Singapore where car prices are exorbitant and it is probably the 2nd most expensive item you would ever buy. After spending weeks contemplating on your purchase, you would be more tempted to take the hassle-free and easier path to just “trade-in your car”.
And dealers understand that the consumer is most vulnerable after making a big purchase. So much so that they tend to offer ridiculously low prices for your car if you choose the “trade-in” option. Of course, this might not be true if you are purchasing from an Authorised dealership that is offering huge over-trades for your car.
OTUA Flash-Sale! is just as hassle-free and easy! Except you get the added value of a much better offer for your car.
Sounds bad… should we avoid selling to dealerships altogether?
The short answer is no. We have to understand that dealerships are running a business. And like any other trades, there will always be bad eggs who do not treat their customers fairly, affecting the reputation of the entire industry as a whole. Fortunately, there are still plenty of reputable car dealers that are able to help get your car off your hands and help to make the transaction a breeze for you. Of course, in order to maintain a profitable business, the prices offered may not be the most competitive.
Our solution to the problem
Depending on your needs and requirements, if you are absolutely looking for the best deal and do not mind spending 3 to 5 weeks to sell your car, OTUA Connect! is the best solution for you. Every car seller is assisted by a team of 6 experts to ensure that your car gets maximum exposure and every deal is done smoothly.
On the other hand, if you are looking for a hassle-free experience while looking for the best dealer offer price without falling prey to bad dealer practices, we recommend you try OTUA Flash-sale!. Your car will get access to 300+ different dealers and get the best dealer offer while we carefully screen and filter your offer to ensure that there are zero funny business.
Feel free to send your details here and our team of Client advisors will reach out to you shortly to discuss on how we can assist you to sell your car easy and fair.