HWZ Forums

Login Register FAQ Mark Forums Read

Car insurance on second hand car

Reply
 
LinkBack Thread Tools
Old 12-09-2019, 01:31 PM   #1
Junior Member
 
Join Date: Oct 2005
Posts: 36
Car insurance on second hand car

Hi all,

Newbie here, need your advice. Now that Iíve found the car that I want to purchase, my dealer is asking me to purchase insurance from them, however I think itís better for me to purchase car insurance on my own. Can that be done? Whatís the recommended procedure?

All the checks have been done, price negotiated, now itís just getting insurance and signing the papers.

Any advice would be much appreciated!
Phyris is offline   Reply With Quote
Old 12-09-2019, 01:57 PM   #2
Senior Member
 
Join Date: Mar 2019
Posts: 1,124
if getting insurance from outside source, this is also another option.
since you know what you want and want to save money, then you are not newbie loh
bh10101 is offline   Reply With Quote
Old 12-09-2019, 02:21 PM   #3
Supremacy Member
 
Gymrat76's Avatar
 
Join Date: May 2003
Posts: 6,878
If they don't give a further rebate for getting insurance from them, then just get from outside lah
Gymrat76 is offline   Reply With Quote
Old 12-09-2019, 02:32 PM   #4
Junior Member
 
Join Date: Oct 2005
Posts: 36
if getting insurance from outside source, this is also another option.
since you know what you want and want to save money, then you are not newbie loh
Thanks! But my dealer is asking us to buy from them, because they say insurance we need to take finance, so better take from their finance side, if not there is a lot of hassle and if insurance cert and hire purchase bank/policy number is wrong, my loan will not be disimbursed?
Phyris is offline   Reply With Quote
Old 12-09-2019, 02:34 PM   #5
Arch-Supremacy Member
 
xtwis7's Avatar
 
Join Date: Oct 2006
Posts: 18,584
No such thing. Your loan going through them or through bank?

Thanks! But my dealer is asking us to buy from them, because they say insurance we need to take finance, so better take from their finance side, if not there is a lot of hassle and if insurance cert and hire purchase bank/policy number is wrong, my loan will not be disimbursed?
__________________
Life is great.
xtwis7 is online now   Reply With Quote
Old 12-09-2019, 02:35 PM   #6
Senior Member
 
Join Date: Mar 2019
Posts: 1,124
Thanks! But my dealer is asking us to buy from them, because they say insurance we need to take finance, so better take from their finance side, if not there is a lot of hassle and if insurance cert and hire purchase bank/policy number is wrong, my loan will not be disimbursed?
doesnt matter.. is whether you want to followup on paperwork anot?
bh10101 is offline   Reply With Quote
Old 12-09-2019, 02:42 PM   #7
Supremacy Member
 
Gymrat76's Avatar
 
Join Date: May 2003
Posts: 6,878
If the price difference is not huge, go with them for the first year, then switch after
Gymrat76 is offline   Reply With Quote
Old 12-09-2019, 02:45 PM   #8
Junior Member
 
Join Date: Oct 2005
Posts: 36
My loan is going through them, but they applied for me with bank, and bank approved.
Phyris is offline   Reply With Quote
Old 12-09-2019, 02:47 PM   #9
Arch-Supremacy Member
 
winorlose's Avatar
 
Join Date: Jul 2012
Posts: 15,670
Dont listen to their BS la.. what loan tied with insurance. lol

If you take up insurance with them, they can get commission mah.
winorlose is offline   Reply With Quote
Old 12-09-2019, 03:00 PM   #10
Member
 
Join Date: Feb 2019
Posts: 462
First year just take with dealer.

Some dealer got surcharge if u ownself apply insurance.
SuperSprint is offline   Reply With Quote
Old 12-09-2019, 04:06 PM   #11
EJB
High Supremacy Member
 
EJB's Avatar
 
Join Date: May 2001
Posts: 34,681
Thanks! But my dealer is asking us to buy from them, because they say insurance we need to take finance, so better take from their finance side, if not there is a lot of hassle and if insurance cert and hire purchase bank/policy number is wrong, my loan will not be disimbursed?
They are doing scare tactics, you better think carefully if you wanna buy from such a dealer.
__________________
I ish jin tired...
EJB is online now   Reply With Quote
Old 12-09-2019, 04:50 PM   #12
Junior Member
 
Join Date: Oct 2005
Posts: 36
They are doing scare tactics, you better think carefully if you wanna buy from such a dealer.
Yes, I feel so as well...but then me and my husband kind of got pressured into putting our deposit down..anyway whatever has passed has passed, we just want to settle the insurance and move forward, thats why wondering if it's a MUST to buy from dealer.
Phyris is offline   Reply With Quote
Old 12-09-2019, 05:45 PM   #13
Supremacy Member
 
Join Date: Sep 2002
Posts: 7,877
Yes, I feel so as well...but then me and my husband kind of got pressured into putting our deposit down..anyway whatever has passed has passed, we just want to settle the insurance and move forward, thats why wondering if it's a MUST to buy from dealer.
"Must" is a no unless your purchase agreement got specify.
Xcert is offline   Reply With Quote
Old 12-09-2019, 06:58 PM   #14
Arch-Supremacy Member
 
xtwis7's Avatar
 
Join Date: Oct 2006
Posts: 18,584
That’s normally the case for brand new and AD cars. But 2nd hand resellers normally will try to ‘carrot’ the buyers so got to watch out. Have a feeling this dealer TS dealing with trying to pull a fast one.

First year just take with dealer.

Some dealer got surcharge if u ownself apply insurance.
__________________
Life is great.
xtwis7 is online now   Reply With Quote
Old 12-09-2019, 08:22 PM   #15
Master Member
 
Join Date: Sep 2017
Posts: 2,826
Hi all,

Newbie here, need your advice. Now that Iíve found the car that I want to purchase, my dealer is asking me to purchase insurance from them, however I think itís better for me to purchase car insurance on my own. Can that be done? Whatís the recommended procedure?

All the checks have been done, price negotiated, now itís just getting insurance and signing the papers.

Any advice would be much appreciated!
2nd car dealer, get their comms thru sell you car, loan and insurance you take thru them.

If everything you do yourself, then sure there is no room for you to nego on the price of the car. Plus what you had requested them to done up maybe scaled back.
Is chicken and egg thingy.
So you have weight it.
myviowner is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On