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