CarBuyer.Sg started in order to help David's best friend to promote his New and Used cars in return for a modest referral fee (you definitely get a better price because there is no salesman commission for him to pay) and also to provide Car Buyers in Singapore with an absolutely 100% risk free alternative when buying a New or Used car.
For the longest time, he had been advising his best friend to convert his car dealership from a Sole Proprietorship to a private limited company but he never gotten down to making the switch even though he is fully aware of the huge risks involved in not separating his personal assets from his business.
Unlike the other 99.99% of car dealers operating in Singapore, he rarely borrows money from banks and finance companies to purchase his cars because he has substantial working capital backed by high value physical assets.