Is buying a car a financially wise decision in Singapore?

If you have kids 5 and below, having a car is a good idea.

For family usage, a car is good.

Yes if your office in tuas. trust me, no grab driver will ever pick u up in Tuas/Jurong Island. #speakingfromlifeexperiences

It depends on the intent of the purchase e.g young family with children+maid, work tool, ferry elderly parents for medical appointments. Only buy a car within financial means to meet your needs.