Long-Term Car Rental Calculated Example

Long-Term Car Leasing VS Buying

Home > Services > Long-term Rental >Leasing VS Buying

Many has the wrong perception that long-term leasing is far more expensive than buying off the show room. That is absolutely incorrect! It depends on the usage and purpose of the vehicle, and of course whether it is driven by a local residing in Singapore or for an EXPAT who will be leaving in a few years.

Leasing VS Buying

LEASEING

BUYING

Fixed motoring costs	UNKNOWN motoring costs
No Depreciation OR surprise disposal costs	UNKNOWN Depreciation AND surprise disposal costs
Seamless motoring (Replacement vehicle)	NO Replacement vehicle (Servicing and/or Repairs)
NO Road Tax	ANNUAL Road Tax
NO Radio Licence	ANNUAL Radio Licence
NO Insurance Premium	ANNUAL Insurance Premium
PROTECTION against inflation	NO PROTECTION against inflation
PROTECTION against rising insurance premium	NO PROTECTION against rising insurance premium
PROTECTION against maintenances	NO PROTECTION against maintenances
PROTECTION against surprise repairs	NO PROTECTION against surprise repairs
INCLUDES insurance claims (accident or damages)	EXCLUDES insurance claims (accident or damages)
INCLUDES maintenance of vehicle	EXCLUDES maintenance of vehicle
OPPORTUNITY to upgrade	NO OPPORTUNITY to upgrade
OPPORTUNITY to always drive the latest model	NO OPPORTUNITY to always drive the latest model
Company Expenses	Personal Expenses

Sitemap