An Essential Guide To Buying Your First Car

by jameshong 29th November 2009, 10:02 am

Hi all,

An Essential Guide To Buying Your First Car is a must to know if you are going to buy a car

An Essential Guide To Buying Your First Car 332362

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Please read....

Quoted from iFAST Editorial Team - yahoo

We've all heard about how buying a car is not one of the smartest financial moves to make. A car is after all, a depreciating asset. But we can't deny that having a car brings other intangible benefits - convenience, accessibility, freedom etc.

Damien Fong, from Singcapital Pte Ltd., tells potential car buyers what they need to know before signing on the dotted line for a new car purchase, and offers tips on how to source for a suitable car loan.

iFAST: What are the main factors to take into consideration when deciding whether to purchase a car?

DF: Many car owners around in the world, and especially in Singapore, do not have a full understanding of the financial implications of one's car purchase. In Singapore, it is important for a potential car buyer to note that there are some very specific factors that affect the value of a car and the overall cost of ownership. As Singapore is still one of the most expensive places in the world to buy and maintain a car, it is well worth one's time to understand the basic elements that make up the costs of owning a vehicle here.

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