Having your own set of wheels provides undeniable conveniences for work, family, and entertainment needs. However, as you're probably aware by now, car ownership in Singapore is a notoriously expensive endeavour. Besides the cost of the vehicle itself, you’ll also need to pay for gas, insurance, maintenance and, eventually, repairs. These costs can add up to a lot over the years, meaning that your savings (and thus, retirement funds) will take a significant hit. Thankfully, there are ways you can adopt to reduce the costs of car ownership, so you don't overstretch your finances. Refinance Your Car Loan at a Lower Interest Rate Singapore is one of the most expensive places in the world to own a car. For reference, even a modest family sedan can cost upward of S$110,000, which is about 30% the cost of a three-room HDB resale flat. Unsurprisingly, if you’re like most Singaporeans, you wouldn’t...