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Posted in Auto

Important Factors to Consider About Car Leasing in Singapore

You may be wondering why Singapore has the highest cost of car ownership in the world. The reason is very simple: Since Singapore is a small country with limited space, the Singapore government must control the number of cars on the roads. If they didn’t do this, the traffic would cause chaos and congestion.

Since Singapore’s public transportation system is very well developed and modern, people don’t usually rent a car. The metro system and public buses can reach virtually anywhere on the island. One of the main reasons people would rent a car is for a family trip, or perhaps a road trip to Malaysia.

Leasing a vehicle can be simply defined as “the use of a car or vehicle for a certain period of time at an agreed amount of money.” Leasing a car can be one of the best ways to drive your dream car without spending a lot of money.

In Singapore there are around 130 different companies that offer car rental. You can be absolutely sure that there is a wide variety of options, which means that you can choose from a wide variety of car models and services. You will definitely have a hard time deciding on a vehicle to drive.

When choosing a vehicle to lease in Singapore, you must ensure that you do the following:

  • Make sure you know your transportation needs.
  • Select your budget.
  • Do not settle for the first offer you find. Please be sure to compare several different offers given to you by different car leasing companies.
  • Inspect your vehicle and make sure of its capabilities and potential.

You might be wondering, roughly what are the car leasing prices in Singapore? Well, a normal sedan, like a Mitsubishi Lancer, can cost around $70 a day. Prices for a hatchback like the Honda Jazz can run around $80 a day. These are relatively cheap prices compared to the usual range, which is between $100 and $120 per day.

However, many people will question your decision to lease a car in Singapore. Some people think that it is much more efficient and effective to simply buy your own car in Singapore, be its sole owner and drive it as much as you need to. However, this can be relatively expensive and involved.

You should already know the essentials of car leasing in Singapore. However, you may still not be sure if you should do it yourself. Well, we can see a few reasons why car leasing can be much more attractive than buying a car. Car rental offers:

  • Lots of flexibility – you can choose to lease a car for a period of 1, 3, 5 or 7 years. This means you can reserve your big savings for something else.
  • Total control of your budget – Car leasing can be very affordable. You do not have extra expenses for repairs or maintenance, do not worry about car insurance or road tax. All this is covered by the leasing company.
  • You will never get bored of driving the same car: Since new cars are coming out with the latest technologies and newest designs, you will be able to drive some of the latest models on the market. If you buy a car, you will usually have to wait a period of 5 to 10 years to get your hands on a new car.
  • If your vehicle breaks down, or maybe you met an accident. Guess what, the leasing company will provide the necessary assistance.

I hope this article has taught you enough about car leasing in Singapore. If you visit or live in Lion City, you will have the necessary knowledge to choose the best option for you and receive the privilege of transportation in the most optimal way for you.

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