What is the cheapest brand new car in Singapore?

How much does the cheapest car in Singapore cost?

Cheapest Cars In Singapore That You Can Buy In 2021

  • Mazda 2 Hatchback 1.5 Standard (A) – Last listed price $89,888 in April 2021; Currently price is only available on enquiry.
  • #4 Mitsubishi Space Star 1.2 CVT Style (A) – $82,999.
  • #3 Mitsubishi Attrage 1.2 CVT Style (A) – $81,999.
  • #2 Perodua Myvi 1.3 X (A) – $80,999.

How much is a car in Singapore 2021?

TL;DR: Why Is It so #$%&ing Expensive to Own a Car in Singapore?

Category Latest COE Price (October 2021, 2nd Open bidding)
A (Cars up to 1,600cc and 97KW) $52,709
B (Cars above 1,600cc or 97KW) $80,210
C (Goods vehicles and buses) $40,501
D (Motorcycles) $9,310

How much is a small car in Singapore?

Cost of the Average Compact Car

At the end of 2020, the average cost of a compact car is about S$100,000. We calculated this figure based on the current prices for some of Singapore’s top-selling small sedans.

Are cars cheaper in Singapore?

Despite an overall price drop in prices Singapore “remains the most expensive place in the world to buy and run a car”, according to a 2019 Worldwide Cost of Living Survey carried out by the Economist Intelligence Unit (EIU). Car prices are nearly 2.5 times cheaper in Malaysia compared to Singapore.

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What is the car cost in Singapore?

The first and most obvious cost you’ll need to consider as you think about buying a car is the initial cost of purchasing it. On average, you should expect to spend in the range of S$99,262 for a sedan, S$108,300 for a small SUV/crossover, and S$185,000 for a luxury car in Singapore.

How much should you earn to buy a car in Singapore?

This legislation dictates that the amount used to repay loans, including credit cards, car loans, personal loans, student loans, and mortgages, should not exceed 60% of your monthly gross income. This means that the amount of income available for the car is less than 60% of your monthly income.

Is it a good time to buy car now Singapore?

With COE premiums looking to continue on its upward trend, it is definitely a good time to buy a new car right now. Buying a new car for many is a big financial burden. With limiting factors like minimum downpayment, COE prices and loan restrictions, the thought of buying a new car can be a turn off.

What is the cheapest car to own?

10 Cheapest Cars to Own

  • 1 of 11. Nissan Versa S 4dr. Nissan. 5-Year fuel cost: $9,048. …
  • 2 of 11. Hyundai Accent GLS 4dr. Hyundai. …
  • 3 of 11. Ford Fiesta S 4dr. Ford. …
  • 4 of 11. Toyota Yaris L 2dr hatch. Toyota. …
  • 5 of 11. Kia Soul 4dr hatch. Kia. …
  • 6 of 11. Kia Rio LX 4dr. Kia. …
  • 7 of 11. Scion iQ 2dr hatch. Scion. …
  • 8 of 11. Honda Insight 4dr hatch. Honda.
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What is the cheapest SUV on the market today?

Cheapest New SUVs (With Automatic Transmission)

  • 2021 Chevrolet Trailblazer L: $20,195.
  • 2021 Ford EcoSport S: $21,240.
  • 2021 Hyundai Kona SE: $21,685.
  • 2021 Mazda CX-3 Sport: $21,965.
  • 2021 Mitsubishi Outlander Sport S: $22,090.
  • 2021 Honda HR-V LX: $22,395.
  • 2021 Chevrolet Trax LS: $22,595.
  • 2021 Kia Seltos LX: $23,165.