Factors to be considered when looking for a car in Singapore

We all have a dream car in our perception; many even collect photos and fiddle collecting specifications about their top luxurious car brands. But owing to life’s challenges viz. paying bills, raising kids and securing funds for a better tomorrow, we often make a compromise in favor of the most practical car over the dream car. When you are in Singapore, where car owning costs remain soaring high all the time, many individuals don’t even bother to buy a new car and fulfill their desire of driving their dream car through best car rental deals in Singapore.

Often, many people make the mistake of buying a car at a hefty amount with the help of a loan only to realize at a later stage that they cannot maintain it. Buying a car, that too in Singapore is a huge decision and requires a good deal of financial proposition. Due to the small size of the country, the Govt. is forced to take strict measures to control the number of cars on the roads and has resorted to inflicting burdensome monetary implications in form of Certificate of Entitlement, Additional Registration Fee and various kinds of road taxes. All this has made the Singapore car market as one of the costliest in the world. Thus, it is no wonder why people opt for car rental Singapore to meet their day to day conveyance related needs rather than purchasing a new vehicle.

Factors to be considered when looking for a car in Singapore

Now, in spite of all those hindrances, if you are financially sound enough to get on board with your decision to buy a new car, here are the factors to be considered.

Factors to be considered when looking for a car in Singapore

Purchase Price

This is the foremost and most obvious factor that affects your car purchasing decision. It is always better to buy a car for cash if you can afford, because it saves you from paying the interest money. In case you need to take a loan, it is better to consider the monthly EMIs and assess whether you can afford them comfortably without straining other vital expenses.

Factors to be considered when looking for a car in Singapore

Insurance Costs

When you buy a car for cash, you get the freedom of deciding the type of insurance you want for your vehicle. Based on your financial bounding you may decide from among the most basic and minimal insurance to having the comprehensive coverage. If you can afford, it is always better to opt for a comprehensive insurance plan to safeguard you against odd times.On the other hand, if you are buying a car on loan, in most cases the financial company will provide or make arrangements for the insurance that you need on the vehicle (of course they will charge you for this). Point out whether the monthly EMI includes the insurance costs as well along with car purchasing costs. If not, assess whether your monthly budget can withstand EMI and insurance costs comfortably.

Factors to be considered when looking for a car in Singapore

Gas Mileage

Before making your purchase, find out the type of engine in the car; you can do this by asking the dealer, reading the car manual or searching the internet. A bigger engine will consume more fuel. If you are on a limited monthly budget, this aspect becomes all the more important. Figure out the average monthly traversing you are going to perform with the vehicle and the fuel costs associated with it. If you will pre-assess this factor, you can alleviate yourself from being one of those frustrated car owners who keep on grumbling over fuel consumption and fuel price hike.

Factors to be considered when looking for a car in Singapore

Maintenance Costs

New cars usually need little maintenance other than a periodic oil change during initial years; still you should assess yearly car maintenance costs when purchasing a new car. On the other hand, if you are buying an old car, it’s important to consider this aspect and take a mechanic’s advice before investing any money on the purchase

Factors to be considered when looking for a car in Singapore

Conclusion

All in all, you should be very selective when looking to buy a car in Singapore. As far as Lion City is concerned, the city has a robust car rental industry, and you can find all types of car rental deals from long term to short term car rental Singapore. Even if you find the decision of owning a car a distant dream, you can take the pleasure of driving in Singapore at your own convenience through bountiful of attractive car rental facilities available in the town round the year.

Contact Us

1A Kuo Chuan Ave, Singapore 426888

Office Hours: 9:00am - 6:00pm (Monday - Friday)

Email: reservations@aglowcarrental.sg

Phone: +65 6340 1785

Website: http://www.aglowcarrental.sg/

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