- Married male driver aged 30 with 5 years of experience
- Owns a Honda Vezel 1.5X
- Drives to and from work (9 hours at work) and leisurely over the weekends (4 hours each)
- Spends about 93 hours a month (3 hours a day) on the road
- On the road for about 1488km a month (48km a day)
On top of the rising cost of petrol, the COE prices have almost doubled as compared to the previous year. With its recent surge in popularity, car sharing services such as GetGO and BlueSG have provided a cheaper alternative to car ownership.
However, is car sharing really that affordable?
In this article, we will be looking through a full cost breakdown of how much it costs to own vs rent or share a car in Singapore.
Basis of Comparison
To facilitate a fair comparison, we are comparing the cost of driving an owned car vs a rented car with the following assumptions:
