Leasing a Car in Singapore

If you are visiting Singapore for just a short period, as a tourist, I won't recommend that you lease a car. It's just not worth the effort. You can easily move about taking the taxi, MRT trains and buses. However if you are going to be staying for an extended period, leasing and buying are options worth considering.

Should you buy or should you lease a car?

If you are leasing a car for a long term, it is going to be more expensive than buying one outright. On the other hand, cars have poor resale value in Singapore, so if you buy a new car, don't expect it to be worth much two years "down the road". Also, buying a car is quite a complicated affair (which I shall explain under "Buying a Car in Singapore")

If you are staying in Singapore as an expatriate, find out if your company is providing you a company car in your contract. This will be a leased car that you will (of course) have to return when it's time to leave. Much of the hassle has been taken care of on your behalf, while you just need to ensure that you can legally drive in Singapore (read Getting a Driving License in Singapore).

The following are some of the car leasing agencies in Singapore (you are probably familiar with some of the companies mentioned here). You have a choice from small budget sedans all the way to SUVs and luxury cars such as the Mercedes Benz and BMW. Expect to spend between S$80 to $150 per day or S$1500 per month for an average sedan, to around S$5000 per month for a luxury brand. When contacting the car rental agency accept an International Driver's Permit.

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Please use the information on this page as guidance only. The author endeavours to update the information on this page from time to time, but regrets any inaccuracies if there be any.

About this website

Dear visitor, thank you so much for reading this page. My name is Timothy Tye and my hobby is to find out about places, write about them and share the information with you on this website. I have been writing this site since 5 January 2003. Originally (from 2003 until 2009, the site was called AsiaExplorers. I changed the name to Penang Travel Tips in 2009, even though I describe more than just Penang but everywhere I go (I often need to tell people that "Penang Travel Tips" is not just information about Penang, but information written in Penang), especially places in Malaysia and Singapore, and in all the years since 2003, I have described over 20,000 places.

While I try my best to provide you information as accurate as I can get it to be, I do apologize for any errors and for outdated information which I am unaware. Nevertheless, I hope that what I have described here will be useful to you.