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car leasing v buying for 2 yr - why is leasing recommended

Discuss about car leasing and rental in Singapore.
kiwigal
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car leasing v buying for 2 yr - why is leasing recommended

Postby kiwigal » Tue, 28 Nov 2006 9:44 am

WE are here for 2 years (it may be exteneded, but no guarantee) and need a car. Can someone explain why leasing is the recommended way of getiing a car for a period of 2 years. ? I would have thought that buying one, (then paying insurance and road tx on top) would still be more cost effective that leasing and you have "something" at thhe end of your 2 years.

Am i missing something ??

Grim Reaper
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Postby Grim Reaper » Tue, 28 Nov 2006 11:03 am

The value of cars is highly depreciating, it is a high investment to buy them, with a 2 year EP it won't be that easy to get a car loan, cars are almost never resold within 2 years and the prices are dropping due to lower COE.

Enough reasons? :wink:
Time will come....

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Postby Aviator » Tue, 28 Nov 2006 1:21 pm

Yes, definately better to lease a car in your case, unless you dont mind getting a older car with only about 2years of COE left.

Fonzie
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Postby Fonzie » Tue, 05 Dec 2006 2:00 pm

Leasing is the best for 2 years... why spend a bomb to own it...

sue1303
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Postby sue1303 » Wed, 06 Dec 2006 7:35 pm

How much does it cost on average to lease a car a month? Nothing fancy just a standard small car. T

Fonzie
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Postby Fonzie » Thu, 07 Dec 2006 8:52 am

Very much depending on how much you need to use it.

Check out car leasing company monthly rental from $1.2k..
Or you can rent it on an hourly basis with co-op like ntuc or honda ducra.

araidid
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car leasing

Postby araidid » Thu, 21 Dec 2006 2:28 pm

sue1303 wrote:How much does it cost on average to lease a car a month? Nothing fancy just a standard small car. T


I might be able to rent out my car to u, a 1.4 manual car for 900 a month, as i will be away. Pls PM me if u are interested

araidid
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Re: car leasing v buying for 2 yr - why is leasing recommen

Postby araidid » Thu, 21 Dec 2006 2:31 pm

kiwigal wrote:WE are here for 2 years (it may be exteneded, but no guarantee) and need a car. Can someone explain why leasing is the recommended way of getiing a car for a period of 2 years. ? I would have thought that buying one, (then paying insurance and road tx on top) would still be more cost effective that leasing and you have "something" at thhe end of your 2 years.

Am i missing something ??


Since u are just staying here for about 2 yrs it is better to lease. If u are interested, i can lease my car for that period as i could be away for the same period of time. Pls PM if u want to. tks

Grim Reaper
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Postby Grim Reaper » Fri, 22 Dec 2006 10:58 am

A 1.4 manual car? So we're talking about a car probably in the 40K - 45K (new price) range. If you were to buy such a car, the monthly installment would be around 400 per month, maybe 500 at most.

Making a nice profit there Araidid... :?
Time will come....

araidid
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Postby araidid » Fri, 22 Dec 2006 4:10 pm

Grim Reaper wrote:A 1.4 manual car? So we're talking about a car probably in the 40K - 45K (new price) range. If you were to buy such a car, the monthly installment would be around 400 per month, maybe 500 at most.

Making a nice profit there Araidid... :?


yes Grim Reaper u are right. You may want to purchase the car if u intend to stay here longer. But for 2 yrs? You will lose alot when u want to sell off ur car. Yes I am making some profits. But u 4get the insurance for the car and the road tax.

Try to get that amount offered fm the car leasing company.... :shock:


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