facebookDo you think owning a car in Singapore is worth it? Why or why not? - Seedly

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Rachelle Lye

Digital Marketing at Fintech

18 Aug 2020

Random

Do you think owning a car in Singapore is worth it? Why or why not?

I would think it’s convenient for families, especially those with young kids and the elderly. But the cost of it overall (road tax, parking, servicing, petrol, insurance) seems too much. Any thoughts?

Discussion (7)

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Michael Wong

18 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

It is definitely more convenient and worth it if you can afford it as you and your family will get to travel in much more privacy.

But if you're financially unstable, then having a car might not be worth it as it just bleeds money with the points you listed out.

View 1 replies

Jayden

17 Aug 2020

Manager at Board

Hi there!

End of the day is if you could afford having the 'extra' expenses. I mean in Singapore it is very well connected via public transport as well as private hire cars. Definitely with family and elderlys in mind, if above statement stands, it is okay to get a car! If not, you may want to look into re-finance this extra 'expenses'. The recurring amount to own a car should be within your reach! Cheers.

It varies based on circumstance.

Some working professionals in the sales may want to own a car (esp...

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