Remember These Pros And Cons Before You Lease A Car In Singapore
Car leasing services in Singapore have changed the way people get vehicles since the programme gained attention many years ago. Instead of buying an automobile that requires responsibility for up to a lifetime, numerous individuals opt for a much more convenient alternative.
However, every form of vehicle ownership has its benefits and drawbacks, including rental car programmes in Singapore. Find out if leasing is for you through these four pros and cons:
Pro: Low Upfront Fees
When you rent a car in Singapore, you do not need to take out a massive sum from your hard-earned savings to get a vehicle. With a significantly smaller amount, you can drive a car off the leasing company after the down payment and paperwork.
Con: Higher Monthly Payments
Monthly fees of long term car rental services tend to be a bit more on the expensive side because finance and leasing companies often include insurance and maintenance costs in the package. You will end up spending less in the long run because of this coverage.
Pro: Short-Term Commitment
Car rental services can give you a contract that lasts from a day to up to five years. You will not be responsible for the vehicle after that period unless you decide to renew the agreement. This short-term commitment is ideal for private hire vehicle drivers since car rental programmes can help them earn ASAP while saving up to buy a car for their job.
Con: Lack Of Ownership
The most significant disadvantage of car leasing in Singapore is that you can never own the vehicle you drive. When you rent a car, you cannot customise any parts to make it ‘yours’. You also have to return the unit after a few months or years. However, some companies may give you the option to purchase the automobile you rented at the end of the contract.
Are you finally convinced that a rental car in Singapore is the ideal ride for you? Lease one now at CDG Rent A Car by visiting their website below.
