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19 April 2010

Post For A Living 16/ Insure Yourself

When you are in the buy and sell business, it is but natural to believe in the importance of motor trade insurance. In the business, we have encountered a handful of clients who are torn between buying a pre-owned car over a brand new one.

It can be quite a tease to give in to buying brand new cars especially if it's a dream more than a necessity. A client form the past gave in and bought a brand new Honda sedan with their hard-earned money as down payment. A couple of weeks after, a super storm and flash flood destroyed the car and was left under water together with all the other cars, house, furniture, mud, and what have you's for several days. I can imagine how bad they felt. To pay for something that's totally useless. During that time, they didn't avail of insurance yet. Tsk, tsk, tsk, wrong move.

If you were to ask me, even if I had all the money in the world, I wouldn't buy a brand new car. Problems arise whether it's fresh from the factory/ showroom or it's been pre-owned. How else can you explain recalled Prius cars from Toyota? Or that time when Nissan had to settle with several customer complaints of Patrol Safari having problems with the engine.

Sure, these are Japanese cars and Euros are probably totally different when it comes to quality control. But really, it's so easy to find a good deal on pre-owned cars.

A word of advice though, make sure that you know how to properly check a vehicle should you decide to buy pre-owned and once decided, invest in an insurance.

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