You can sell a car to anyone in Singapore who has a valid ID and resides legally in Singapore. They do not even need to obtain a driver’s license, albeit they must have proper motor insurance. You will need to post your automobile on web platforms to locate customers. Some platforms are free to use, while others need payment.
To list a vehicle, you must give the following information:
- The number on the license plate. This is normally not visible, but it is sent to the platform to fill in information about your model.
- Price of sale
- Model of automobile
- Date of registration and date of expiration of the COE
- Excellent images of your car
- It is not required, but it is beneficial to have: additional data like mileage and service history.
Set a price for your vehicle.
When determining a price, you must consider the model, condition, and age of your vehicle and the number of years remaining on the COE.
Arrange a test drive with your prospective customer.
If your pricing is reasonable, you should begin receiving inquiries from possible buyers within a few weeks after posting your ad.
Drivers will now arrive at your house or an agreed-upon location to check and test drive the vehicle.
Create a sales contract.
When you and the buyer have agreed on a price you agree on, it’s time to commit to the transaction.
In this way, you will know how to sell your car in singapore.