Maintenance
One of the biggest concerns for buying a used car would be the maintenance fees. Older cars might require more attention in its upkeep, keep in mind the added cost of repairs, replacement of old parts, and even additional servicing fees.
Road Tax & Insurance
Car insurance premiums will generally increase with the age of the car. Likewise, road tax for cars older than 10 years (in Singapore) might cost more too. Include such fees and premiums into your budget before buying a used car.
Ease of Mind
Purchasing a used car from a marketplace might mean you wouldn’t know its complete history. Bring along a checklist for all the physical aspects to scrutinise. Alternatively, engaging a reliable dealer might help you to better assess the condition of the car for added peace of mind.