Have an old car? Here’s what you need to know. This is part 2 of a three-part series where Steer explores the aging car population in Singapore.
In part 1 of our aging car population series, we observed that the average car in Singapore is aging with owners choosing to extend their COEs instead of buying a new car.
Old cars break down more often and we’ve put together a list of things to look out for:
1) Maintaining an older car is more expensive
As more new cars are built and released to the market, older cars get phased out. Manufacturers of car parts also naturally stop producing parts for older car models since fewer car owners will need them.
At a workshop, the cost of your servicing can be typically be broken down into two parts: 1) the labour cost provided by the mechanic and 2) the cost of the car part.
For older cars, there is a third component: 3) additional compensation for the mechanic’s time to source the car part. This adds to the cost of servicing.
Moreover, the second factor – 2) the cost of the car part, is typically higher as the difficulty of finding the part could mean stockists charge more for it.
While extending your COE might reduce the upfront costs, owning an older car means you are likely to pay more to service your car.
Chat with us to find out the cost of servicing your car.
2) Finding a workshop for your old car is tough
If you own a very old car, chances are some car workshops will not even service it.
It might sound surprising to some car owners that a workshop would turn down business but here are a few reasons why:
Lack of expertise: Cars have evolved significantly in the last few years. Digital car systems are common in newer cars while mechanical systems have become more of a rarity.
Some workshops might no longer have the expertise to understand the systems of an older car.
From the mechanic’s perspective, it might simply make more sense to turn down business rather than try to fix something he or she does not understand.
Finding old car parts take too much time: Older parts are not only more expensive but also harder to find. Finding old car parts can take up a significant amount of time.
For workshops that are less experienced with older cars, accepting a job for an old car might not make sense as the time could otherwise be spent more productively on fixing new cars at a much faster pace.
With over 1,000 workshops listed, Steer can help you identify a suitable workshop for your car.
Chat with us if you’d like any recommendations.
3) Service it regularly
Cars are made up of tens of thousands of parts and unfortunately for the car owner, these parts have different life cycles and age differently.
Moreover, one faulty car part could cause the breakdown of other parts that interact with it. For example, not replacing your brake pads regularly could cause damage to the entire braking system, which could cost a large sum of money to replace.
This means that for old cars, going for regular inspections to quickly fix faulty parts becomes more important. Doing so could significantly prolong the lifespan of your car. Read more here to learn about regular servicing.
Steer: For any car, not just new ones
Owning an old car is tough and we understand that.
With Steer, you will be able to find your suitable workshop. Even that hard-to-find old car part will be easy to source.
Chat with us today for quotes, recommendations or any general car advice.