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

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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.

Thank you for your service! You have been helpful, reliable and efficient; definitely highly recommended to those who want to sell their car. Best Regards Shirley

Shirley - 5 hours ago

Hit my target price, saved my hassle of going down to dealers to quote, everything was very smooth, transaction got done real quick. Thumbs up for the job done!

WANG YEE CHONG - 1 day ago

It's an easy and well guided process where the meeting, paperwork and transaction is handled well by the friendly dealer and the Swiftquote team.

LI HUABO - 2 days ago

Very happy with the prompt and hassle free service by Swiftquote! Most importantly my car was sold at a satisfactory price:) Everything was settled and car was handed over within a few days, amazing!!

BOO SEOW FANG - 3 days ago

Dealer was very patient and went thru step by step on how to transfer the car. Fuss free and pleasant transaction!

Serena Koh - 1 week ago

Quick and easy to submit my vehicle details, I received a very good quote from the dealer.

Alexander Lau - 1 week ago

Excellent service provided by Justin. I'm served by an honest dealer. Will definitely recommend SwiftQuote to my friends!

Dragon Gail Anne - 1 week ago

Fast response received from dealer. Was scheduled with an experienced scrap dealer. All arrangement was finalised with no hiccups.

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Juhaidy Bin Mohamed Arif - 1 week ago