What Fees Do You Pay When Buying A Used Car Info

: If financing, interest rates can add significant costs over the loan term. Experts often suggest the 20/3/8 rule (20% down, 3-year term, payment Immediate Ownership Costs

: This is a tax calculated based on the car's Open Market Value (OMV) . While the previous owner already paid it, it impacts your future PARF rebate if you scrap the car before 10 years.

: In Singapore, it is mandatory to have insurance before the ownership can be transferred.

Guide to Buying a Second-Hand Used Car in Singapore - SingSaver

: Dealers typically charge between $500 to $1,200 to handle the paperwork and loan processing.

: The feature displays a doughnut chart showing the "Purchase Price" vs. "Mandatory Fees" vs. "Estimated Insurance."

: User selects whether they are buying from a Private Seller (no admin fees) or a Dealer (includes admin/GST charges).