Should I buy or lease a car in Singapore? The local transport system is great but having your own car can come in handy, especially if you have kids. If you’re still sitting on the fence here are some points on buying versus car rental in Singapore, and why it may be good to lease a car.
#1 Lower cost, more flexibility with car leasing in Singapore
If the down payment to buy a car is too pricey, leasing one can be a good option. You’ll only need to pay a fixed monthly rental fee during your leasing period and you needn’t worry about other costs, whether it’s accident repairs or road tax. Many companies also offer flexible pricing plans so you won’t have to fork out loads of money at one go. Besides a lower upfront cost, you won’t need to worry about your car’s value depreciating over time.
#2 Choice and variety of cars for lease
Leasing companies in Singapore offer a wide range of cars to choose from. You’ll be spoilt for choice with many car brands and models, from continental to Japanese and Korean makes. Many also give you the option of renting a used vehicle, which can come in handy if you’ve a tighter budget. What’s great is that at the end of your lease, you can change the car to another model of your choice – great for those who love variety!
#3 All in one
Car leasing packages come with all the services and benefits that you need, including comprehensive insurance coverage, regular maintenance and repair, plus replacement vehicles if there’s an accident or repairs needed. There’s also 24/7 roadside assistance and a 24-hour emergency hotline to call if you need urgent help.
Car Rental in Singapore
With over 50 years’ experience in the business, Evergreen Rent A Car offers a wide variety of rental cars with unlimited mileage, maintenance, insurance, road tax and complimentary use in Malaysia. The team are now offering a special promotion on brand new cars! The minimum rental duration is two years and monthly rates start from $1,500 for brands such as Toyota, Mazda, Hyundai and Honda. Contact them to find a car that suits your preference and budget.
This article first appeared in the April 2021 edition of Expat Living. You can purchase the latest issue or subscribe, so you never miss a copy!