You might be wondering why Singapore has the highest cost of owning a car 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 that are present on the roads. If they didn’t, the traffic would cause chaos and congestion.

Since Singapore’s public transport system is very well developed and modern, people do not rent a car very often. The metro system and public buses can reach almost anywhere on the island. One of the main reasons people rent a car is to take a family trip, or perhaps a road trip to Malaysia.

Leasing a vehicle can be defined simply as “the use of a car or vehicle for a certain period of time at an agreed amount of money.” Renting a car can be one of the best ways to drive your dream car without spending a large amount 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 rent in Singapore, you should ensure that you do the following:

  • Make sure you know your transportation needs.

  • Select your budget.

  • Don’t settle for the first offer you find. Please be sure to compare several different offers that independent car leasing companies have given you.

  • Inspect your vehicle and make sure of its capabilities and potential.

You might be wondering, what are the approximate prices of car leasing in Singapore? Well, a normal sedan, like the Mitsubishi Lancer, can cost around $ 70 a day. Prices for a hatchback like the Honda Jazz can run around $ 80 per 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 rent a car in Singapore. Some people think that it is much more efficient and effective to just buy your own car in Singapore, own it, and drive it as much as necessary. However, this can be relatively expensive and compromising.

By now you should be familiar with the basics of car leasing in Singapore. However, you may not be sure yet whether you should do it yourself. Well, we can see a few reasons why car leasing can be so much more attractive than buying a car. Car rental gives:

  • Lots of flexibility – you can choose to lease a car for a period of 1, 3, 5, or 7 years. This means you can save your big savings for something else.

  • Total control of your budget – Car leasing can be very inexpensive. You do not have additional expenses for repairs or maintenance, you do not worry about car insurance or road taxes. All of 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 generally 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 put an accident. Guess what: the leasing company will provide you with the necessary assistance.

I hope this article has taught you enough about car leasing in Singapore. If you visit or live in the City of León, 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.