Personal Finance
Buying A Motorcycle? Here Are 3 Reasons Why Safety Should Be Your #1 Priority
By ValueChampion  •  April 5, 2021
Owning a car in Singapore is an exorbitant affair. After accounting for a Honda HR-V’s basic price and various inevitable expenses involved with car ownership (e.g. insurance and maintenance), you will need to be earning at least at least S$5,300 per month to afford life on four wheels comfortably. That's S$766 more than the median gross monthly income of a typical employee in Singapore. Luckily, for those who find car ownership too much of a financial stretch, there is a cheaper alternative: motorbikes. S$20,000 is usually enough to buy a brand-new two-wheeler in Singapore. That said, a motorcycle’s initial purchasing price shouldn’t be your sole concern. A safer motorcycle – while more expensive in the short-term – can end up saving you more money in the long-term. The Percentage Of Fatalities In Motorcycle-Related Collisions Is Higher Than Car Accidents According to the Annual Vehicle Statistics 2020 published by the LTA,...
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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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