By comparison of commuting by Taxi/PHV VS owning a own car, which is more cost saving?

If you are looking at the upfront cost of owning a basic car in Singapore, then here is how the cost breakdown looks like: https://www.blog.pzl.sg/cost-of-owning-a-car-in...

For your case, it depends on a number of factors, e.g.

• Affordability for downpayment

• Affordability for ongoing maintenance, e.g. instalment, petrol

• Dollar value for convenience

• Frequency of travel

Buying your own car can be cheaper if the frequency is high enough, and you give a high rating to the value for convenience. Without either or both factor, it may be better to stick with taking two taxis.

Otherwise, you may consider a secondhand or COE car. In order to do so, it will be important to understand your cashflow to find out its feasibility. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

If it is just for weekends, it is unlikely that the cost of two taxis will be higher than the total cost of owning a car.

Here is everything about me and what I do best.

If you are a working dad, personally I will recommend the second hand car. Trying to get 5 seater will be increasingly difficult due to the limited number of such cars on the road.

Furthermore, with a car, you have it for convienence to the extent you can use it at work and avoid squeezing with the MRT crowd during office hours, plus when your kids starts to go to school, you can ferry them too!

Taxi/PHV or public transport. Owning a car is very expensive, with lots of miscellaneous fees to pay.

(A) Cheapest : I think when use public bus / mrt , it is the cheapest options. If one can use citymapper app to find a single bus route and it's not cramp, you get to go home in comfort , seated with aircond and spend some time reading / leaning or relax.

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(B) 2nd cheapest : If your destination is near or not too far and able to travel via safe and less crowded route , use PMD. Charge at home and use only. Easily you can bring it around too.

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Personally, I think working so hard , trying to learn how to save , invest here. It is not worth to spend so much of monthly salary into paying garmen COE ERP for own cars. It's the same as owing high interest or large sum loan to the bank, kinda like working for them.

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PHV is another , daily commute is way too expensive. Consider the first 2 options since we have the best bus / transport infra to a certain extend.

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The $ save invest into good instruments and compounded interest will get you retire more comfortablt or even FIRE earlier. Enjoy 😄