Know Your Real Buying Power Before Buying a Used Car

clifford chow
15 Nov 2018
 

Usually, we start crunching figures when we are nearer the end-point of our purchasing process, and the car loan approval is an important part of this process. The major disadvantage in this is that oftentimes we learn that we are over the budget by this point.

The best advantage you can have is to know your real buying power, even before making your way down to the dealership to view the car of your choice, or even any other car within your budget that catches your eye. 

There is now a way to apply for your car loan anywhere, and at anytime. The UOB Car Loan on Carousell makes this possible. The procedure is easy and paperless, and no longer will you need to produce physical personal documents as part of the application process, including the troublesome task of physically digging out your personal income details!

Within minutes, MyInfo will be able to determine if you qualify and approve the loan amount you are applying for. 

View your shortlisted car with your loan approval on-hand, and you can be driving out of the dealership in the shortest time!

So what are you waiting for? Empower yourself now!

Click here to view our infographic to better understand how to go about making an application. 

FAQ #1: Are there any penalties involved?

Fret not! Each approved loan arrangement via the UOB Car Loan on Carousell is valid for 30 days. If the car isn’t suitable for you, just let the arrangement expire. 

FAQ #2: What if I want to negotiate the price after viewing?

The approved loan arrangement from UOB serves to represent the loan “limit” you’ve secured. This means that you’ll be assured of the loan amount up to this “limit”.

Pro-tip: Once you’ve shortlisted the car you’re thinking of buying, apply for the UOB Car Loan on Carousell before viewing. After you’ve gotten the loan approved, view the car and negotiate the price with the seller. After agreeing with the seller on a lower price, re-apply for the UOB Car Loan on Carousell -- you’ll be able to get a new loan based on the lower selling price!


Sell Fast With Ease - SwiftQuote

With SwiftQuote, you get:
  Best value for your car    A peace of mind when selling    Fast sale from start to end

HIGHEST PRICE FOR YOUR CAR

Best offer with no obligations.
Start Now!

I agree to the collection, use and disclosure of my personal data by Carousell and/or such other third party (as may be necessary) and to be contacted (via email, phone call and/or text message) for any purposes in connection with the application of and transaction of the vehicle, in accordance with the Personal Data Protection Act 2012 and Carousell's Privacy Policy.

Was a fairly efficient process. Would consider using in future

Melvin Chay - 13 hours ago

These guys are fast, responding the very next day with offers and more importantly higher than what was offered by the dealer whom I am buying my car from.

Jonathan Lock - 3 days ago

Thank you so much to Oneshift. I have managed to sell the car to the dealer who are reliable and sincere to buy the car. It is a success platform for me to sell my car at good price.

Soo Hui Jin - 3 days ago

Very fast and reliable! Thank you so much!

Tutywani Bte Juman - 6 days ago

Yazz is very professional. He advised me on when to sell the car and checked in with me later. His dealer, Sam, was awesome. An understanding and kind man. He went the extra mile and accommodated our timing.

Oh Ling Fang - 1 week ago

Excellent service. I don't get a lot of nuisance calls and car is sold with no hassle. I would recommend this service to anyone looking to sell their precious "asset".

Bay Lim Kee - 1 week ago

Excellent service from the people at Oneshift. Sold my car within a few days at the best possible price. I am very satisfied with the service and would strongly recommend the service to anyone.

Derek Cheah - 2 weeks ago

Well done, & good price for scrap car.

Sheng Yong - 2 weeks ago

Fast response, very helpful and knowledgeable, able to provide good advice. Thanks and I will recommend your service to others .

Mr Leow - 3 weeks ago

Very fast & responsive! Buyer/agent are thorough explaining the deal. Manage to get better deal.

Rashdi Zulkifli - 3 weeks ago