Pandemic boosts second-hand vehicle market

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Pandemic boosts second-hand vehicle market

As more people aspire for a safer and more convenient way to travel, the Buena Mano Auto Best Buys (Buena Mano) of BPI Family Savings Bank (BFSB) has launched its “first come, first served” auto retail sale to interested car buyers looking for value.

Fitzgerald Chee, head of Buena Mano, said the need for private transportation still remains despite the pandemic, but the retail market will shift more towards “value-for-money” alternatives.

“The pandemic has changed the transportation sector in the country due to social distancing measures and other safety protocols which have limited the number of passengers permitted per car. These days, owning a vehicle is wiser, if budget permits, and arguably safer than public transport,” said Mr. Chee.

The “first-come, first-served” offer will run from December 7 to 23 with more than 100 vehicles, and as much as 30 percent off from the standard prices.

“We learned the importance of being cost-sensitive because of the economic impact of the pandemic. It is important to be prudent and careful these days. It is important to balance safety and cost. And this is where we at Buena Mano come in,” Mr. Chee said.

Mr. Chee said clients don’t have to worry about losing much value in second hand cars because the bulk of depreciation has already occurred. Purchasing pre-owned cars can also benefit the environment since manufacturing and shipping costs as well as the associated carbon footprint are much reduced.

Buena Mano sells on an “as-is, where-is” basis pre-owned vehicles of various brands and models nationwide. It offers easier payment terms and a transparent, clear, and fair process in selling vehicles.  

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