Buying and selling a car is usually the next most important ticket item in your life after your home.
If you own a yacht or a private jet then it’s a different story. Unless you’re buying cars from the hypercar category then this applies to you too.
Why Buy From A Parallel Importer
Most people when buying a new car will just go to the main authorised distributor. But if you are someone who knows the car market well, you will realise that their prices can be rather inflated. Plus they might not carry the model that you want.
A parallel importer can bring in the model that you desire and at a cheaper price. A few downsides would be lack of warranty unless they own their own workshop and the fact that they can run away with your deposit without delivering the car which has happened many times before.
Hence as a consumer, we should do our due diligence and know the company.
Here are 4 tips that you can use when choosing a car parallel importer.
This is where I first start off. I will search google for a number of parallel importers and do some checks on them. Look out for reviews on their Google business page and facebook. If most of the reviews are decent, shortlist them.
2. How Old Is The Company
This is a big one for me. I want to deal with a company that has been in this industry for a long time. You can check to see when the company was incorporated via your local business registrar.
I’ve dealt with Vin’s Automotive Group a couple of time as they have been in business for more than 30 years. Not only are they a reliable and trusted car parallel importer in Singapore, they are professional in their conduct and their cars come with a warranty from their own workshop.
What’s not to like.
Oh, and they are very competitive in pricing too.
3. Go Down And Talk With The Staff
This is my favorite part of the research process, doing the legwork.
Make sure you make a list of the questions that you wish to ask them before going down to cover your grounds. And whatever happens, don’t end up buying from any of them…yet.
This is an important part of the research process to give you a feel of their business. Are the staff friendly and knowledgeable? Is the business showroom neat and well equipped? Can you offer you good loans and car insurance packages?
4. Compile A Pros & Cons List
Once you have done all the above, compile a pros and cons list of all the shortlisted candidates to give you a bird’s eye view of the top2-3 parallel importers. From this list go and speak to them again to check on prices and package.
If you follow these 4 important steps, you will at least go to bed at night knowing your deposit is in good hands. Don’t rush into your purchase and good luck!