Personal Finance
Answering Singaporean’s Question: Renting A Car VS Buying A Car In Singapore
By Seedly  •  July 3, 2018
So, we already know that driving is about the most expensive thing to do in Singapore. But, having a car does have its functional benefits compared to taking the cab all day when you have a busy lifestyle or a family with kids. Getting a car costs $101,999 and more if you factor in all extra insurance and serving fees that come with it. Renting a car, on the other hand is charged at an all-in-one flat rate. In the length of 5 years, is it more worth it to rent or buy a car?

In the long run, does it make more money sense to rent or own a car?

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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