If you’re on the hunt for a second car in Hong Kong, rest assured that you have plenty of options available. You can start by trying your luck on classified websites such as 28 Car, HK Car Trader or Used Car Facebook groups.
As your best buddy for smart decisions, MoneySmart has put in the work to weigh the pros and cons of each second-hand car website, so you can focus on finding the perfect ride without the hassle!
Table of contents: Hong Kong second hand car
- Second-hand car platform overview
- HK Car Trader—Hong Kong used car classified site
- Asiaxpat—an all-in-one classifieds site for expats
- 28Car—The most popular second-hand car platform in Hong Kong
- Vin’s Motors—50 years of experience in car dealership business
- Car8—Exclusive loan offer co-launched by ZA Bank
- DCH Certified Used Car—One-stop-service used car platform
- Hong Kong Motor City—Second-hand motors platform
- Where to find a second car on Facebook? Facebook group or marketplace
- Things to do when buying a second-hand car in Hong Kong
- How do I finance a used car? Car financing tips for first-time car buyers
- Frequently asked questions: used cars platforms in Hong Kong
Hong Kong second hand car platform overview
If you are looking for a used car, you should look into used car dealerships, where you may find a variety of makes and models; or you can also try direct-from-owner sales using classified websites or Facebook groups.
Here is an overview of places where you can buy or sell used cars in Hong Kong:
| Second-hand Car Platform Overview | ||
| Second-hand Car Platform | Pros | Cons |
| HK Car Trader | Intuitive UI; content is bilingual | Overly simple design |
| Asiaxpat | One-stop shop for all expat needs | Distracting to use with too many options |
| 28Car | Clear categorization and a vast range of car brands; most popular second-hand car platform | Old-school interface and only available in Traditional Chinese |
| Vin’s Motors | Professional interface; 24-hour quotes available; wide range of choices; providing service and maintenance facility for car needs after-sale | Generally more expensive options |
| Car8 | Budget-oriented search; car price index available | Loan offers ended on Mar 31, 2023 |
| DCH Certified Used Car | Years of experience in used car trading; one-stop services | Generally more expensive options |
| Hong Kong Motor City | Luxury car options are available | Limited options |
| Facebook Group | Easy access to the car seller’s contact; surprising options | Only one filter available per search; scattered and little information provided about the cars |
28Car—The most popular second-hand car platform in Hong Kong
28Car is one of the most popular second-car websites.
Famous for its super user-friendly platform, buyers and sellers can directly connect with each other on 28Car, and there’s a huge selection of cars available. It’s like new car listings pop up almost every day, and you’ve got a ton of options from different car manufacturers. But hey, watch out!
With so many users, the quality of sellers can be a mixed bag, so you gotta be extra careful. Before buying, it’s smart to get the car checked by a third-party inspection agency to avoid ending up with a lemon. Of course, if you’re experienced and well-prepared, you stand a good chance of finding some real gems in there!
The website is well-organized, with clear categorization featuring private car selling, dealer car selling, car acquisition (garage search), and license plate or car part selling. In the “Private Car Garage” section, buyers can use a filter to find their ideal car model with a vast range of car brands.
While 28Car is the most popular second-hand car platform in Hong Kong, the platform is only available in Traditional Chinese, which may require some assistance to find your desired car.
Pros:
- Most popular second-hand car platform
- Clear categorization
Cons:
- Only available in traditional Chinese
- Outdated user-interface
28Car website: https://www.28car.com/
Asiaxpat—an all-in-one classifieds site for expats
Looking for a new ride to upgrade to your own set of wheels? And you can start with Asiaxpat, the one-stop shop for all your expat needs! From housing to furniture and even second-hand cars, Asiaxpat has got you covered! The best part? You can contact car owners directly or put up your own listing.
The interface is quite simple, and you can get all the necessary information at once. Simply click on the What’s App icon to contact the car seller.
Pros
- There are many options available for other categories.
Cons:
- May get easily distracted by too many other items on one screen.
Asiaxpat website: https://hongkong.asiaxpat.com/
HK Car Trader—Hong Kong used car classified site
HK Car Trader is a Hong Kong’s used car classifieds site where you can search for second-hand private cars on sale and make a free classified post to sell your car.
24-hour cash offer: sell your car and get cash within a day
Apart from making a sale post for your used BMW on HK Car Trader, you can also look up second-hand car dealers who want to buy your car from HK Car Trader in 24 hours.
Here are the 7 simple steps to sell your car with a 24-hour cash offer:
- Fill out the form, and their representative will schedule an appointment and guide you through the process.
- Bring your car, proof of ownership, and maintenance records to their representative for a professional inspection.
- The representative will put your car up for bidding on their platform with over 200 dealers to get the best price.
- Wait for the bids to come in within 72 hours. They will notify you by SMS or email.
- You can accept the offer at any time during the 24-hour bidding period. If you are not satisfied with the price, you are not obligated to sell your car.
- Once accepted, deliver the car and required items to the representative and get paid!
(Please note that your offer may be renegotiated or withdrawn if the condition of the vehicle has deteriorated since the time of inspection. It is important to also note that HKCarTrader.com does not buy or sell cars directly, nor are they car dealers.)
Pros:
- The user interface is intuitive; all you need to do is click on the vehicle you’re interested in, and then you can get in contact with the seller.
- Bilingual.
Cons:
- The design is overly simple and may not give a credible impression.
HK Car Trader website: https://hkcartrader.com/en/
Vin’s Motors—50 years of experience in car dealership business
Vin’s Motors is a reputable second-hand car dealer with over 50 years of experience. What makes them stand out is their fully equipped service and maintenance facility to take care of you car even after the sale. Plus, they provide competitive offers for all trade-in vehicles, so you can smoothly enjoy your new ride without breaking the bank.
Pros:
- Professional interface
- 24-hour quotes are available
- Wide range of choices
- Own service and maintenance facility for car needs after-sale
Cons:
- Expensive options
Vin’s Motors website: https://www.vinsmotors.com.hk/
Car8—Exclusive loan offer co-launched by ZA Bank
Car8 may not be as popular as 28Car, but its interface is much easier to use.
The first thing to notice is their budget-oriented search. Upon entering the site, you will be prompted to provide information about your “car price range” and “monthly payment range” in the top column. Once selected, buyers can narrow their search by manufacturer, production date, number of seats, capacity, and automatic or manual transmission.
Car8 also features a “Car Price Index” that displays sales data for popular brands over the past year in the form of a chart, including car models, production years, and prices. Buyers can adjust parameters to obtain the required information.
In addition, Car8 has partnered with ZA Bank to offer car loans. Buyers who apply for ZA Bank loans through Car8 can receive gifts and discount offers. (However, the offer ended on March 31, 2023 and there is no update so far.)
Pros:
- Budget-oriented search
- Car Price Index available
Cons:
- Loan offers ended on March 31, 2023 and no update so far.
Car8 website: https://car8.com/en/en
DCH Certified Used Car—One-stop-service used car platform
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DCH Certified Used Car has years of experience in second-hand car trading (launched in 2004) and is a highly recommended second-hand car dealer by many car owners.
DCH Certified Used Car specializes in certified second-hand vehicles authorized by Honda, Nissan, as well as European brands such as Audi and Bentley. To ensure the quality of the second-hand cars, DCH Certified Used Car purchases them from authorized dealers, and the age of the car is limited to 6 years, with mileage also limited to less than 90,000 kilometers and passing 110 pre-sale inspections, ensuring a certain level of quality.
Each used car on the website comes with detailed information, including pictures and even videos. If you’re unsure about which car to choose, DCH Certified Used Car offers one-on-one online assistance to recommend suitable car models for you. They also provide free test drives, which reduces the risk of purchasing the wrong car for first-time buyers. DCH Certified Used Car’s main selling point is its one-stop service, which includes professional inspections, financial services, insurance, vehicle redemption, and registration changes.
However, the prices of second-hand cars sold by DCH Certified Used Car are generally expensive, and there are very few options for second-hand cars priced below HK$100,000, which may not be suitable for buyers with limited funds who do not want to finance their purchases.
Pros:
- Has years of experience in used car trading
- Has certified second-hand vehicles authorized by Honda, Nissan, as well as European brands such as Audi and Bentley
- One-stop services
Cons:
- Options are generally expensive
DCH Certified Used Car website: https://www.dchucc.com/en
Hong Kong Motor City—Second-hand motors platform
If you’re into high-end cars, Hong Kong Motor City is the place to be. They’ve got a wide range of second-hand motors, from Porsches to Ferraris, Bentleys to Lamborghinis—you name it, they’ve got it all under one roof.
Pros:
- Luxury car options are available
Cons:
- Limited options
Hong Kong Motor City website: https://motorcity.hk/en
Where to find a second car on Facebook? Facebook group or marketplace
If you’re feeling lucky, you can always try your hand at finding a used car on a Facebook group or Facebook Marketplace as you might find a great deal here.
In some cases, people may need to sell their car for cash in a short time. When negotiating, a tip here is to start by offering 20% less than the asking price. Here is the price reference: for a mid-sized European model car in good condition, expect to pay around $150,000. Japanese or Korean-brand cars can be purchased for around $80,000.
Facebook group
Used Cars HK Facebook Group and the Used Car Sale in Hong Kong Group gather a community of car lovers who want to buy or sell their cars.
Facebook Marketplace
Facebook Marketplace is the built-in function of Facebook. To find the Facebook marketplace, navigate to the left column on the front page; then click on “Marketplace” and search for the car model you want.
However, be warned that the filtering options are not very useful, as only one criterion can be used at a time.
With scattered and limited information, finding your favorite car on Facebook is like an online treasure hunt, particularly for those who already have a specific model in mind.
Pros:
- Easy access to the car seller’s contact information
- Surprising options are available
Cons:
- Only one filter is available for each search
- Scattered Information
- Little information was provided about the cars
Things to do when buying a second-hand car in Hong Kong
1) Should you buy a used car from a private seller or a dealership?
When it comes to buying a used car, you have two options: private sellers or dealerships. Private sellers may have lower prices, but there’s less protection if something goes wrong. Dealerships, on the other hand, may offer certified pre-owned vehicles with warranties, but these may come with a higher price tag. It’s up to you to weigh the pros and cons and make the best decision for your needs and budget.
2) Consider how many miles a used car has been travelled
When evaluating a used car, the number of miles it has traveled is a key factor to consider. This can be influenced by factors such as the make and model of the car, as well as how well it has been taken care of. Typically, a car with over 100,000 miles is considered to have high mileage. However, it’s worth noting that a well-maintained vehicle may still have many more years of service even if it has exceeded this threshold.
3) Do your due diligence by checking
When buying a used car, it’s important to get the full picture. Don’t just kick the tires; check out the details and take it for a spin. Plus, don’t forget to ask questions. Here is the information you should know before taking the car home:
- Find out how many previous owners the car has had, which can impact the resale value.
- Make sure to ask if the car has been in any accidents and if any repairs were done properly.
- Don’t forget to check for service history. A full history is preferable.
- And when was the last time the car was serviced? If it’s been longer than a year, you might be looking at more immediate costs for upkeep and repairs.
4) Ask for a second opinion—a pre-sale inspection report
Getting an independent third party to check out the vehicle can be a wise investment that could pay off in the long run. The Hong Kong Automobile Association can arrange an inspection and provide a pre-sales report, which could help you haggle for a better price. It might cost you a bit, but it’s better to be cent-wise than dollar-foolish.
Car inspections in Hong Kong typically cost HK$1,450 and cover the following 13 major items:
- Vehicle Body, Structure, and Flood Damage
- Electrical Equipment
- Engine
- Ignition and Fuel System
- Cooling System
- Air Conditioning
- Transmission
- Steering System
- Wheels and Tires
- Brakes System
- Suspension
- Visible Crashed Car Parts and Losses
- Road Test
You might request a car inspection through online booking.
5) Contact the seller ASAP if the used car you bought has problems
If the used car you bought has problems, you should contact the seller or dealership as soon as possible. Depending on the issue, you may be able to negotiate repairs or a refund. If the seller is unwilling to work with you, you may need to seek legal recourse.
How do I finance a used car? Car financing tips for first-time car buyers
There are several ways to finance a used car, including through a bank or credit union, a dealership, or a peer-to-peer lending service. You should compare interest rates and terms to find the best option for your budget and credit score.
While many first-time car buyers may consider buying a car with installment payments, this might only be available if you are buying a second-hand car worth more than HK$200,000. In that case, for second-hand cars worth less than HK$200,000, you may also consider getting a private loan. (Read more about Car Financing.)
Here are a few options for personal loans to borrow HK$200,000 and repay it in 24 installments:
Monthly Payment
HK$8,573
- The lowest APR
- 1.38%
- Total Amount Payable
- HK$205,760
- Total Interest Payable
- HK$5,760
- Monthly Payment
- HK$8,573
Monthly Payment
HK$8,873
- APR*
- 1.68%
- Total Amount Payable
- HK$212,960
- Total Interest Payable
- HK$12,960
- Monthly Payment
- HK$8,873
Monthly Payment
HK$8,433
- The Lowest APR
- 1.18%
- Total Amount Payable
- HK$202,400
- Total Interest Payable
- HK$2,400
- Monthly Payment
- HK$8,433
Frequently asked questions: used cars platforms in Hong Kong
Where to Find Used Cars in Hong Kong?
There’re many online used cars platform in Hong Kong. Here are a few of them: HK Car Trader, Asiaxpat, 28Ca, etc. Also you can find more second-hand car options in Facebook group.
Check out the blog post for more details.
Should I buy a used car from a private seller or a dealership?
Private sellers and dealerships both have advantages and disadvantages when buying a used car. Private sellers offer lower prices but less recourse if something goes wrong. Dealerships offer certified pre-owned vehicles with warranties but may be more expensive.
How many miles is too many for a used car?
A used car’s mileage depends on its make, model, and maintenance. Although over 100,000 miles is typically considered high mileage, a well-maintained car can still have many years of life left.
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