Personal Finance
Car Subscription Or Car Ownership: Which One Will Save You Money?
By ValueChampion  •  June 21, 2021
Car subscriptions have recently entered the automobile industry in Singapore, allowing people to drive their favorite cars without the high upfront costs that come with owning a car. With its term flexibility and all-inclusive monthly subscription fee, the car subscription model is rivalling traditional car ownership. We've compared the costs of car subscriptions to car ownership in order to determine where you can save money. Car Subscriptions: Flexible Terms With Hidden Costs Car subscription companies are the first of their kind in Singapore. Unlike traditional methods of leasing a car, car subscriptions allow Singaporeans to rent a car on a monthly basis, with no fixed term contract that binds the buyer to a rental car for a year or more. These car subscription costs take the form of a monthly fee that includes all car ownership expenses like: car insurance, road tax, warranty, and 24-hour assistance maintenance costs....
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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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