In Singapore, is it cheaper to rent a car or buy a car?

General 24/11/2017 9 View

1 Answer


It is no secret that in the long run it is cheaper to buy and own a car. However, the hefty upfront payments, the hassle of managing car ownership and the threat of high premiums after car accidents may tip the balance in favour of renting. The bonus of changing a new car every 2 – 3 years without increasing TDSR makes renting a car a very attractive option.

So it depends on your individual needs and preferences on how often you would like to change vehicle.

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