02 Nov Should I lease a car in Singapore?
Do you travel to work every single day? Are you tired of the daily commute that you need to do in order to reach your workplace? Or do you need a vehicle to transport your goods and to help you with your work routines.
If you answered yes to these questions, then maybe it is time to get your own car or to try commercial car leasing in Singapore. In this article, our focus will be about leasing an automobile. Will it be good for you? Can you afford it? Is it possible to get a lease contract at a price you can afford? To find out the answer to the questions, make sure to read the rest of the article.
Recent studies show that a lot of individuals, especially those from the younger generation, prefer leasing to buying. As a matter of fact, there is a growing number of car dealers in Singapore whose focus is not to the sale of automobiles or vehicles but to leasing it out to interested persons. There are also some car owners who decide to lease out their vehicles. All these only show that leasing has become popular in our country. Well, this is not something new as there are indeed many benefits for leasing a car.
One of the major advantages of car rental is saving big on repair costs. Most car leasing contracts provide for a warranty on their vehicles. This means that the company will shoulder any damage to the automobile provided that it was without the negligence of the renter. At the same time, you can also enjoy big savings on the monthly payments or fees compared to buying a new car. Hence, car leasing is a better option if you want to save on monthly expenses.
It must be noted that there is also no down payment required for leasing a car in Singapore. However, some companies may require that you pay a small payment before the lease of the automobile is processed. Nonetheless, the amount is only minimal compared to purchasing a brand new car.
There are lots of companies that offer cheap car rental in Singapore. Make sure that you get their quotations first before settling for a specific car rental company. Because of the competition in the market, these firms offer big discounts or offers. What you need to do is to find out these firms and include them in your short-listed names.
While price is a big consideration in deciding to lease a car, it is highly recommended that you find a car dealer that provides vehicles, which are still in good condition. Moreover, it is also important that you only deal with a firm that has a license to operate its business in Singapore. This is the thing to do in order to avoid any legal problems in the future. When it comes to the signing of the lease contract, make sure that you read the entire provisions first. Do not sign on any page without knowing and understanding what the contract stipulations mean.