Personal Finance
Buying or Leasing a Car: Which One is Cheaper?
By ValueChampion  •  May 8, 2019

Get the Best Car Insurance in Singapore

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While the status quo of transportation in Singapore is public transport, cars still make up a considerable portion of travel. But cars are no affordable alternative to public transportation as purchasing a car often requires a six-figure commitment. Thus, many people consider leasing rather than purchasing a vehicle. However, while leasing a car requires lower up front costs and peace of mind regarding maintenance and insurance, will it save the driver money over the long term? We break down the costs below.

Owning a Car Costs More Initially, But is Cheaper Long-Term

When deciding whether to buy or lease a car, drivers consider more than

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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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