You live in Singapore. You need a car for the daily commute. You need a car for the family and the weekends. Heck, you just want a car.

It really does not matter the reasons, or the excuses, for a car. The thing is, in Singapore where cars can cost twice as anywhere else, with its ARF, COE, and ERP, how we finance the car is crucial. We can pay cash, of course, but why tie up financial resources when financing is so readily and cheaply available? There is hire-purchase which is very popular.

But the best form of financing your car is leasing. This is the chief way of owning a car and gaining motoring freedom in all the advanced countries. Why?

• Leasing is cheaper, especially in Singapore’s motoring market where the cost of the COE (Certificate of Entitlement) changes by the month, bringing about great potential loss of value.
• Leasing is more flexible, with packages that can include maintenance of the car as well.
• Leasing allows for a change of make and model, allowing the motorist to indulge.

But hey, don’t just take our word for it. We have some articles from WheelsAsia that you can download and study!