09/10/2026
The price of a car is only the beginning.
When you're shopping for a car in Singapore, it's easy to focus on the number on the price tag. But the actual cost of owning one goes much further.
You also need to think about:
๐ฐ COE and registration costs
๐ Depreciation
๐ณ Loan interest
๐ก๏ธ Insurance
๐งพ Road tax
๐
ฟ๏ธ Parking
โฝ Petrol or charging
๐ฃ๏ธ ERP
๐ง Servicing and maintenance
And the amount you spend on each can vary depending on the car you choose, how much you drive, where you park and how long you intend to keep the vehicle.
That's why two cars with similar purchase prices can have very different ownership costs over time.
Before committing to your next car, don't just ask: โCan I afford to buy it?โ
Ask: โCan I afford everything that comes after?โ
Swipe through for a breakdown of the costs worth considering before buying a car in Singapore. ๐ธ๐ฌ
Thinking of buying, selling or changing your car?
๐ฒ Explore your options with DirectCars.
๐ directcars.com.sg