Leasing a car in Sinagpore
#16
BE Forum Addict
Joined: Apr 2005
Posts: 1,755
Re: Leasing a car in Sinagpore
Hi CazYaz
It's for purchase. You'll pay more for leasing but then your servicing, road tax and insurance are included.
Another tip - try and find your own insurance if you buy. The company we bought from were coming up with quotes of around $2000 but my husband got it himself - through Aviva I think - for just under $600.
The car only has 4 years left on it's CoE (do you know about the CoE?) Therefore the loan is over 4 years at which point the car will be handed over to the government who then give us some money back (I can't remember how much).
It's for purchase. You'll pay more for leasing but then your servicing, road tax and insurance are included.
Another tip - try and find your own insurance if you buy. The company we bought from were coming up with quotes of around $2000 but my husband got it himself - through Aviva I think - for just under $600.
The car only has 4 years left on it's CoE (do you know about the CoE?) Therefore the loan is over 4 years at which point the car will be handed over to the government who then give us some money back (I can't remember how much).
I'll probably be doing that.
Depends on how CoE goes though.
#17
BE Enthusiast
Joined: Nov 2011
Posts: 400
Re: Leasing a car in Sinagpore
I didn't know you could extend the CoE though - thanks for the info.
#18
BE Forum Addict
Joined: Apr 2005
Posts: 1,755
Re: Leasing a car in Sinagpore
You can extend for just 5 years but that doesn't allow you to extend any further.
If you extend for the 10 years then you can extend further after that 10 years is over.
The cost of the extension is based on the average of the past 3 years CoE so if CoE goes down, it was only S$12,000 iirc when I bought my car new, then of course extending will be cheaper.
#19
Forum Regular
Joined: Oct 2011
Posts: 193
Re: Leasing a car in Sinagpore
That's £30,000 or S$60,000
You can extend for just 5 years but that doesn't allow you to extend any further.
If you extend for the 10 years then you can extend further after that 10 years is over.
The cost of the extension is based on the average of the past 3 years CoE so if CoE goes down, it was only S$12,000 iirc when I bought my car new, then of course extending will be cheaper.
You can extend for just 5 years but that doesn't allow you to extend any further.
If you extend for the 10 years then you can extend further after that 10 years is over.
The cost of the extension is based on the average of the past 3 years CoE so if CoE goes down, it was only S$12,000 iirc when I bought my car new, then of course extending will be cheaper.
#21
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 57
Re: Leasing a car in Sinagpore
Thanks to all for responses - we shall be there soon, so we shall see.
#22
Just Joined
Joined: Sep 2012
Posts: 1
Re: Leasing a car in Sinagpore
Hi
just got myself registered with the forum. read through your chat. the responses have been good from people. If I may add in, in all mathematical scenarios, the purchasing route is the most cost effective ! its about getting the right safe , cheap car that comes with a after-sales service till the end, you are good to go. I am in the motoring line, I should. Give me shout out< if you need any help.
jaraad presto
just got myself registered with the forum. read through your chat. the responses have been good from people. If I may add in, in all mathematical scenarios, the purchasing route is the most cost effective ! its about getting the right safe , cheap car that comes with a after-sales service till the end, you are good to go. I am in the motoring line, I should. Give me shout out< if you need any help.
jaraad presto