Pre-owned better than new? 4 common misconceptions of pre-owned cars

Misconception 1: Used-Cars are normally Junk and Problematic

You might be skeptical about buying a pre-owned car online because who would sell their car if it is in such good condition right? Well you might be surprised that there are plenty of pre-owned cars for sale that are actually in good condition.

How is this possible you might ask? Well, the answer is that people’s needs are always changing.

Many people upgrade or downsize their vehicles due to a variety of reasons.

For instance, a newly married person may upgrade to a bigger car to make way for his/her family.

An elderly person may no longer have the capability to drive, a person may migrate to another country for work purposes. In other words, you don’t have to spend a fortune to find a good quality car if you look at the right places.

While there are some people who sell of their old cars that may not be worth your money, at muv, our skilled inspectors conduct a 180-point check to ensure the cars being sold have no major damage and are priced appropriately based on their conditions.

 

Misconception 2: Lack of Trust, Transparency and Tedious Paperwork 

When buying a pre-owned car, you might have just paid more than what it is worth. It is not uncommon to encounter shady deals and hidden fees.

The best way to counter this is to check the original price of the car, compare different dealerships and check the current market price of the car.

When you browse through our muv website, you can see the prices of the car based on the current condition and market price of the car. The prices shown are excluding the muv service fee, road tax and insurance premium.

To put your mind at ease, muv provides you with  a 180-points inspection report of your selected choice of car for you to get a comprehensive view of the current health of the car. To add to that, we also help you with ownership transfer, insurance, and Puspakom inspection, to give you a transparent yet hassle-free buying experience.

We also encourage you to come to our office to get a first hand feel and view of the car you are interested in at our nearest office. Just walk-in to our office or submit your interest via our website and we will get in touch with you within 24 hours to assist you.

 

Misconception 3: Extremely difficult to Finance

Buying a pre-owned car is cheaper than buying brand-new, but it can still be difficult to pay a one lump sum. Reliable financing is hard to come by for pre-owned cars whereby banks would much rather offer you a housing loan instead. On the other hand, some unreliable companies in the market offer financing with extremely high interest rates. 

At muv, we provide financing options for you to get your dream car hassle-free. We provide normal vehicle financing and take it a step further to provide you with pre-qualified financing. This means you can apply for financing even before shopping for a car to give you a clearer picture on the vehicle price range that you can afford.

 

Misconception 4: You will lose out on your money

There is a common misconception that getting a brand-new car holds more value. The truth is, the second you step into a brand new vehicle, the value starts to depreciate 10-20% annually. No wonder it is called a liability.

When you buy a used-car, you already get some benefits. The first owner has already borne the brunt of depreciation and you will be paying a lot less for an “almost new” vehicle, especially if it is well maintained.

As mentioned in the Misconception 1, people sell their cars for a variety of reasons. The plus point of buying a used car is that it is affordable and you can avoid the big depreciation dip in the early stages.

Warranties may also be one of your worries. However, if you buy a pre-owned car that was sold within the warranty period, you are still able to enjoy the leftover warranty coverage. To lessen your worries, at muv we provide a 12-month warranty. Our extended warranty programme also covers internal and external parts, gear box, electric control module (ECM) and the electric control unit (ECU).

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*

*