buy car = rent car in singapore

• pqr

  14 Dec 05, 12:02

  I have a question on car ownership:
  
  when u "buy" a car in singapore, aren't u renting it for 10 years?
  
  U can rent a long term car from those rental company under ur own name and they take care of the maintenance, insurance and taxes...
  
  furthermore, your contract is 3 years usually...the only catch is the per month rate is a few hundred higher than your monthly installment
  
  how many drivers drive their car more than 5 years?
  
  Every time u change car, got loan to deal with..
  
  what i dun like the most is being in debt for 3 to 10 years !
  Nowadays, there are so many 0% down payment and 100% loan, is scary..with no more iron rice bowl...people get into serious depp s**t ! Is good for car sales people only as their income will shoot up
  
  so, would it be better to rent a car than "buy" a car?
  
  Is it bcos everyone buy instead of rent so majority just follow?
  
  
• huoye

  14 Dec 05, 12:19

  den buy a much much cheaper car and dun get loan lor...... now alot cars less den 20k
• pqr

  14 Dec 05, 12:25

  Originally posted by huoye:

  den buy a much much cheaper car and dun get loan lor...... now alot cars less den 20k

  < 20K?
  kia ?
  even picato is $30K
  
  so u are referring to get 2nd hand car?
• coolbluewater

  14 Dec 05, 12:32

  Originally posted by pqr:

  < 20K?
  kia ?
  even picato is $30K
  
  so u are referring to get 2nd hand car?

  I think Perodua Kancil is only $23K
• pqr

  14 Dec 05, 15:43

  Originally posted by coolbluewater:

  I think Perodua Kancil is only $23K

  that is for OPC right?
• pqr

  15 Dec 05, 10:59

  is this thinking strange?
  
  not much response despite over 150 views
• huoye

  15 Dec 05, 11:10

  eh...... i mean 2nd hand cars or used cars...... why muz it be new cars? got my drift? these pple prefer to be in debt..... juz for the 'face' thingy...
• pqr

  15 Dec 05, 11:28

  Originally posted by huoye:

  eh...... i mean 2nd hand cars or used cars...... why muz it be new cars? got my drift? these pple prefer to be in debt..... juz for the 'face' thingy...

  my view is...if can get new car then get new car...2nd hand car is not very wise unless u know very certain that the condition of the 2nd hand car is really ok....
  
  'face' thing?
  
  i would say is more like a "follow the mass" thing as it is uncommon to rent car for long term usage when the majority "buy" car...
  
  if they know of such rental and work out the maths...it seem more worth to rent than to "buy" lor...that is just my view