Finding the most affordable car in Singapore can feel overwhelming. Cars here are among the most expensive in the world. A compact sedan costs around S$125,000 ($90,430), compared to just $21,845 in the US. Also, you must pay for a Certificate of Entitlement (COE), which adds approximately S$74,000 ($53,407) to the price. These costs make owning a car a significant financial commitment.
For first-time buyers, affordability and practicality are essential.
You need a car that fits your budget without compromising on reliability or features. The most affordable cars in Singapore strike a balance between cost and functionality, making them ideal for navigating the city’s roads. Whether you’re looking for cheap new cars or budget-friendly options, the best affordable cars provide value while keeping ownership costs manageable. If you’re ready to buy in Singapore, focus on vehicles that combine low upfront costs with long-term savings.
Choosing the right car ensures you enjoy a smooth driving experience without breaking the bank.
Factors to Consider When Buying a Car in Singapore
When purchasing your first car in Singapore, understanding the key factors that influence affordability and practicality is essential. These considerations help you make an informed decision and avoid unexpected expenses.
Cost of Ownership
Owning a car in Singapore involves more than just the purchase price. You must account for ongoing expenses that can significantly impact your budget.
Fuel Efficiency
Fuel efficiency plays a critical role in determining the true cost of car ownership. Cars with better mileage reduce your monthly fuel expenses, making them cost-efficient cars for daily commutes. For instance, hybrid or compact models often deliver excellent fuel economy, saving you money in the long run.
Insurance and Maintenance Costs
Car insurance is mandatory in Singapore. The cost depends on factors like your age, driving experience, and the type of coverage you choose. Comprehensive insurance offers better protection but costs more than third-party coverage. Maintenance expenses also vary based on the car’s make, model, and condition.
Regular servicing and occasional repairs should be part of your budget.
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Component |
Description |
|---|---|
|
Insurance |
Mandatory; costs vary based on age, driving experience, and coverage type. |
|
Maintenance |
Includes scheduled servicing and unexpected repairs; depends on car make and model. |
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Fuel |
A recurring expense; fuel-efficient cars help reduce costs. |
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Parking |
Monthly parking fees can add up, especially in central locations. |
Practicality for First-Time Buyers
As a first-time buyer, you need a car that suits your lifestyle and driving habits. Practicality ensures you get the most value from your investment.
Ease of Driving and Parking
Compact cars are ideal for navigating Singapore’s busy streets and tight parking spaces. Features like reverse cameras and parking sensors make driving less stressful, especially for beginners. Choosing a car with these features enhances your overall experience.
Resale Value and Longevity
A car with a high resale value is a smart choice. It reflects good maintenance and reliability, which are crucial for first-time buyers. Vehicles with well-documented service histories attract more buyers when you decide to sell. This ensures you recover a significant portion of your investment.
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High resale value indicates desirability and reliability.
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Well-maintained cars require fewer repairs, saving you money.
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A documented maintenance history boosts buyer confidence.
Government Policies and Taxes
Singapore’s government policies heavily influence car ownership costs. Understanding these regulations helps you plan your budget effectively.
Certificate of Entitlement (COE)
The COE system regulates the number of vehicles on the road. It requires you to bid for the right to own and drive a car for ten years. High demand often drives COE prices above $100,000, significantly increasing the cost of even the cheapest car in Singapore. This system ensures limited vehicle numbers but makes affordability a challenge.
Road Tax and Additional Fees
Road tax depends on your car’s engine capacity. Larger engines incur higher taxes. Additional fees, such as the Registration Fee ($220) and Additional Registration Fee (ARF), further increase the initial cost. These expenses highlight the importance of choosing budget-friendly cars in Singapore to manage your finances effectively.
5 Most Affordable Cars in Singapore
Car 1: Nissan Sylphy 1.6 Lite Facelift
Price and COE
The Nissan Sylphy 1.6 Lite Facelift is a strong contender for the most affordable car in Singapore. Priced under S$130,000, including the COE, it offers excellent value for first-time buyers. Its competitive pricing makes it one of the most affordable cars in Singapore, while still delivering quality and reliability.
Key Features and Benefits
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Modern Design: The Sylphy boasts Nissan’s signature V-motion grille and LED-accented lights, giving it a sleek and contemporary look.
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Convenience Features: It includes a navigation system with a reverse camera, making parking and navigation easier for new drivers.
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Interior Quality: The gloss black interior trim adds a touch of sophistication to the cabin.
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Smart Technology: The intelligent key system enhances convenience, allowing you to unlock and start the car effortlessly.
Why It’s Great for First-Time Buyers
The Nissan Sylphy combines affordability with practicality. Its user-friendly features, such as the reverse camera and intelligent key system, simplify the driving experience. The car’s compact size and modern design make it ideal for navigating Singapore’s urban landscape. Additionally, its competitive pricing ensures you get a reliable vehicle without exceeding your budget.
Car 2: Opel Corsa 1.2A Turbo (Elegance)
Price and COE
The Opel Corsa 1.2A Turbo (Elegance) is another excellent option for first-time buyers. With a price tag that positions it among the cheapest new cars in Singapore, it offers a balance of affordability and premium features.
Key Features and Benefits
|
Feature/Benefit |
Description |
|---|---|
|
Youthful Design |
A sharp and playful design that appeals to younger drivers. |
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Cabin Comfort |
High-quality materials and a pleasant atmosphere for passengers. |
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Safety Features |
Includes Traffic Sign Recognition and Lane Keep Assist for added security. |
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Infotainment System |
A 10-inch touchscreen with Apple CarPlay and Android Auto connectivity. |
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Wireless Charging |
Standard wireless charging for convenience. |
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Engine Performance |
A 1.2-liter engine with 128bhp and 230Nm of torque, ensuring smooth acceleration. |
Why It’s Great for First-Time Buyers
The Opel Corsa stands out for its youthful design and ease of driving. Its lightweight structure ensures effortless handling, while the refined engine delivers a smooth driving experience. Safety features like Lane Keep Assist provide added peace of mind, making it a practical choice for new drivers.
The car’s affordability and modern features make it one of the cheapest new cars available today.
Car 3: Suzuki Swift 1.2 Standard A
Price and COE
The Suzuki Swift 1.2 Standard A is a budget-friendly option priced under S$130,000, including COE. Its affordability makes it a popular choice among the cheapest new cars in Singapore.
Key Features and Benefits
|
Feature/Benefit |
Description |
|---|---|
|
Power-to-Weight Ratio |
Delivers snappy acceleration and responsiveness. |
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Engine Specifications |
A 1.2-liter three-cylinder petrol engine generating 60 kW and 112 Nm of torque. |
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Fuel Efficiency |
Claims fuel consumption of 4.4 l/100km, offering long-term savings. |
|
Safety Features |
Equipped with six airbags, anti-lock braking, and electronic stability control. |
|
Value for Money |
Offers a high level of specification at a competitive price point. |
Why It’s Great for First-Time Buyers
The Suzuki Swift is perfect for first-time buyers seeking a compact and practical vehicle. Its lightweight design and improved power-to-weight ratio ensure a fun and responsive driving experience. The car’s fuel efficiency reduces running costs, while its safety features provide added security.
Its affordability and usability make it one of the cheapest cars in Singapore, ideal for navigating city roads.
Car 4: Mitsubishi Attrage
Price and COE
The Mitsubishi Attrage is one of the most affordable options for first-time buyers in Singapore. Priced under S$130,000, including the COE, it offers excellent value for those seeking a reliable and budget-friendly vehicle. Its competitive pricing positions it as one of the cheapest new cars available today.
Key Features and Benefits
The Mitsubishi Attrage combines practicality with modern features, making it an attractive choice for new drivers.
|
Feature/Benefit |
Description |
|---|---|
|
Advanced Driver Assistance Systems |
Enhances safety and convenience with features like adaptive cruise control and lane departure warning. |
|
Fuel Efficiency |
The engine delivers impressive fuel economy, making it cost-effective for long drives. |
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Spacious Interior |
Provides ample legroom and comfortable seating for passengers. |
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Stylish Design |
Sleek and aerodynamic design that stands out on the road. |
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Comprehensive Safety Features |
Includes a rearview camera, lane departure warning, and a forward collision mitigation system. |
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User-Friendly Technology |
Equipped with a touchscreen infotainment system and smartphone integration. |
Why It’s Great for First-Time Buyers
The Mitsubishi Attrage is an excellent choice for first-time buyers due to its affordability and reliability. Its advanced safety systems, such as adaptive cruise control and lane departure warning, provide added security for inexperienced drivers. The spacious cabin ensures comfort during long drives, making it ideal for those new to car ownership.
If you’re looking for the cheapest car in Singapore that doesn’t compromise on features, the Mitsubishi Attrage is a strong contender.
Car 5: Honda Fit
Price and COE
The Honda Fit is another fantastic option for first-time buyers. With a price tag under S$130,000, including the COE, it offers a blend of affordability and premium features. Its competitive pricing makes it one of the most affordable cars in Singapore.
Key Features and Benefits
The Honda Fit stands out for its versatility and advanced features.
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Feature/Benefit |
Description |
|---|---|
|
Cargo Space |
52 cubic feet of cargo space |
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Safety Features |
Honda Sensing safety suite |
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Technology |
Bluetooth connectivity, premium audio system |
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Trim Levels |
Fit LX, Fit Sport, Fit EX, Fit EX-L |
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Standard Features |
Multi-angle rearview camera, Eco Assist, cruise control, Bluetooth HandsFreeLink, multi-reflector halogen headlights, 160-watt audio system |
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Available Technology Features |
USB audio interface, 7-inch display, HD Radio, SiriusXM, Honda LaneWatch, Smart Entry with Walk Away Auto Lock |
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Design |
Sporty style with various color options |
Why It’s Great for First-Time Buyers
The Honda Fit is perfect for first-time buyers who value practicality and style. Its spacious cargo area accommodates everything from groceries to sports equipment, making it ideal for daily use. The Honda Sensing safety suite provides peace of mind with features like collision mitigation and lane-keeping assist. The Fit’s sporty design and customizable trim levels allow you to choose a model that suits your preferences. Its advanced technology, including Bluetooth connectivity and a premium audio system, ensures a comfortable and connected driving experience.
If you’re searching for the cheapest new cars that deliver exceptional value, the Honda Fit deserves your attention.
Comparison Table of the 5 Cars
Price and COE
When choosing your first car, price plays a crucial role. All five cars listed here are priced under S$130,000, including the COE, making them accessible options for first-time buyers. Here’s a quick comparison of their pricing:
|
Car Model |
Price (Including COE) |
|---|---|
|
Nissan Sylphy 1.6 Lite |
S$128,000 |
|
Opel Corsa 1.2A Turbo |
S$129,000 |
|
Suzuki Swift 1.2 Standard A |
S$127,500 |
|
Mitsubishi Attrage |
S$126,800 |
|
Honda Fit |
S$129,500 |
These cars offer competitive pricing while maintaining quality and reliability. You can confidently choose any of these models without exceeding your budget.
Fuel Efficiency
Fuel efficiency is a critical factor when evaluating cost efficient cars. A fuel-efficient vehicle reduces your monthly expenses and contributes to long-term savings. Here’s how these cars compare in terms of fuel consumption:
|
Car Model |
Fuel Consumption (L/100km) |
|---|---|
|
Nissan Sylphy 1.6 Lite |
6.4 |
|
Opel Corsa 1.2A Turbo |
5.4 |
|
Suzuki Swift 1.2 Standard A |
4.4 |
|
Mitsubishi Attrage |
4.7 |
|
Honda Fit |
5.0 |
The Suzuki Swift stands out as the most fuel-efficient option, making it an excellent choice for daily commutes. The Mitsubishi Attrage and Honda Fit also deliver impressive mileage, ensuring you save on fuel costs over time.
Key Features
Each car offers unique features that cater to different needs. Here’s a summary of their standout attributes:
|
Car Model |
Key Features |
|---|---|
|
Nissan Sylphy 1.6 Lite |
Intelligent key system, reverse camera, sleek design |
|
Opel Corsa 1.2A Turbo |
Lane Keep Assist, wireless charging, 10-inch touchscreen |
|
Suzuki Swift 1.2 Standard A |
Six airbags, anti-lock braking, lightweight design |
|
Mitsubishi Attrage |
Adaptive cruise control, spacious interior, advanced safety systems |
|
Honda Fit |
Honda Sensing suite, multi-angle rearview camera, customizable trim levels |
The Mitsubishi Attrage excels in safety and comfort, while the Honda Fit offers versatility and advanced technology. If you prioritize modern features, the Opel Corsa and Nissan Sylphy are strong contenders. For a balance of safety and affordability, the Suzuki Swift is a reliable option.
Choosing the right car depends on your priorities. Whether you value fuel efficiency, advanced features, or affordability, this comparison helps you make an informed decision.
Tips for First-Time Car Buyers in Singapore
Consider Pre-Owned Cars
Exploring pre-owned cars can be a smart move for first-time buyers. These vehicles often provide excellent value without the hefty price tag of a brand-new car.
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Cost Savings: Pre-owned cars typically cost significantly less than new ones. For example, the median price for a used model from 2019-2023 is around $28,600, compared to $47,500 for a new car.
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Depreciation Advantage: New cars lose about 20% of their value in the first year. By choosing a used car, you avoid this steep depreciation and get more value for your money.
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Reliability History: Used cars come with a track record of reliability. You can review maintenance records and user reviews to assess their dependability.
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Longevity Potential: A well-maintained used car can last for years, offering a reliable and budget-friendly option for first-time buyers.
When considering pre-owned cars, always inspect the vehicle thoroughly and request a professional evaluation. This ensures you make a sound investment that aligns with your needs.
Budget for Additional Costs
Owning a car involves more than just the purchase price. To understand the true cost of car ownership, you must account for various additional expenses.
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Insurance Premiums: Mandatory in Singapore, insurance costs vary based on your age, driving experience, and coverage type.
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Registration Fees and Taxes: These include the Registration Fee (S$220) and Additional Registration Fee (ARF), which depend on the car’s Open Market Value (OMV).
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Maintenance and Repairs: Regular servicing and unexpected repairs can add up over time.
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Parking Fees and Tolls: Monthly parking fees, especially in central areas, and ERP toll charges are recurring expenses.
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Fuel Costs: Fuel-efficient cars help reduce this ongoing expense.
Creating a detailed budget that includes these costs ensures you avoid financial surprises. This approach helps you manage your finances effectively while enjoying the benefits of car ownership.
Research Financing Options
Financing plays a crucial role in making car ownership accessible. As a first-time buyer, you have several financing options to consider:
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In-house Car Loans from Dealers: These loans are convenient and available directly at the dealership.
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Bank Loans Arranged Through Dealers: Many dealers collaborate with major banks like OCBC, UOB, or DBS to offer financing options.
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Direct Loans from Banks: You can approach banks directly to compare interest rates and find the best deal.
When evaluating financing options, focus on the loan tenure, interest rates, and monthly repayment amounts. This ensures you select a plan that fits your budget and minimizes financial strain.
Test Drive Before Buying
A test drive is a crucial step in the car-buying process. It allows you to evaluate the vehicle’s performance, comfort, and features firsthand. Skipping this step could lead to buyer’s remorse, especially if the car doesn’t meet your expectations.
Why Test Driving Matters
Test driving helps you assess how the car feels on the road. It gives you a chance to check the following:
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Driving Comfort: Pay attention to the seat ergonomics, steering wheel position, and overall visibility. A comfortable driving position reduces fatigue during long commutes.
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Handling and Performance: Test the car’s acceleration, braking, and cornering. Smooth handling ensures a safer and more enjoyable driving experience.
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Noise Levels: Listen for excessive engine noise or vibrations. A quiet cabin enhances comfort, especially in heavy traffic.
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Technology and Features: Test the infotainment system, air conditioning, and safety features. Ensure they are user-friendly and functional.
How to Prepare for a Test Drive
Preparation ensures you make the most of your test drive. Follow these steps:
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Research the Model: Familiarize yourself with the car’s specifications and features. This helps you focus on key aspects during the test drive.
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Schedule an Appointment: Contact the dealership to book a test drive. Choose a time when traffic is light to fully experience the car’s capabilities.
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Bring Necessary Documents: Some dealerships require a valid driver’s license and proof of insurance. Confirm the requirements beforehand.
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Dress Comfortably: Wear shoes with thin soles to better feel the pedals. Avoid bulky clothing that may restrict movement.
What to Observe During the Test Drive
While driving, pay attention to the following:
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Aspect |
What to Check |
|---|---|
|
Steering Response |
Ensure the steering feels precise and responsive. |
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Braking Performance |
Test the brakes for smooth and consistent stopping power. |
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Suspension Comfort |
Drive over bumps to evaluate how well the suspension absorbs shocks. |
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Interior Space |
Check the legroom, headroom, and cargo capacity to ensure it meets your needs. |
Final Thoughts
A test drive is your opportunity to ensure the car aligns with your expectations. Take your time and ask questions if anything feels off. Remember, this is a significant investment, and your satisfaction should be a top priority. Choosing the right car as a first-time buyer requires careful consideration of affordability and practicality. You must evaluate factors like vehicle size, mileage, and fuel type to ensure the car fits your lifestyle.
Remember, owning a car in Singapore involves significant costs, including the Certificate of Entitlement, road taxes, and depreciation. Planning your budget and prioritizing long-term savings will help you make informed decisions. The five cars listed here represent some of the most affordable cars in Singapore, offering a balance of cost and features. Take your time, assess your needs, and invest wisely.