Re: Galaxy carz
hi! a little off topic but i feel it is still related. When I was stationed overseas I bought used cars directly from owners and the prices is usually cheaper than from a dealer. My experience is that you have to weight the cons of it, such as what happens when there is a problem with the car. A dealer is suppose to take care of it but usually its a hassle unless you are buying from a approved BMW the BMW takes care of it (however there is a premium price to this). On the other hand if when you buy cheaper direct from owner if anything goes wrong you bear the cost. Give and take the few thousand you spend should cover any costs.
As I understand it the mark-up in Singapore for a used car is about $10K (sorry if I am wrong), but assume it is $10k then the question to ask is with the $10k difference what can I cover in terms of repair, if anything goes wrong.
Another minor point is that if you pay $10k less and also means you need to borrow less loan amount, thereby paying less interest.
Either way it is buyer beware.
So fingers crossed.
my humble opionion