How popular is car leasing in Singapore?

When you travel across Singapore, you will come across plenty of rental companies. If you want to rent

or lease a car in the country, you can do that without many difficulties. What makes Singapore car

leasing so popular? Let us take a look at the reasons.

Comfort provided

When you lease out a car in the country, you will be able to enjoy a lot of comfort. You will be able to

use the vehicle just in the same way as you own one back in your home country. You will not have to

return the vehicle every day after use or pay money on a daily basis. Once you pay the deposit amount

and make prompt monthly payments, you will not have to deal with the lease provider at all. You will be

able to choose your favorite vehicle when you select a good Singapore car rental company for the

service. Cars that fall in all sorts of segments are available on lease in the country which makes the

service truly amazing.

Flexibility

You will not have to worry about the changes that you have to make during the lease period if you are

choosing a good provider. There will be provisions to change the cars in between the lease period if you

ask for the same at the time of signing the deal. If you are a person who loves to change cars often, you

can definitely ask for this option. Majority of the companies that deal with car rental in Singapore allows

this facility without charging any extra fees. You will be able to change cars or even buy the car at

attractive rates from the company during the period of agreement or towards the end of it. You get

much more options compared to buying a car when you go for the lease option. This again is a huge

reason behind the popularity of car leasing in the country.

Affordability

When you consider the costs involved in getting a car for lease in the country, you will understand that it

is much better than buying one. The initial deposit is much lower when you lease a car and so is the

monthly payment figures. You will also be able to get a premium vehicle for lease at a lower cost than

buying an entry-level car in the country. The maintenance costs and the other charges involved are also

quite less when you lease a car. After making all the payments, when you finally decide to sell off the

car, the overall value will definitely go down and you will suffer huge financial blows when you try to buy

another car. This will be quite low when you lease a car and change the vehicle even within a short time.

Tourism and business needs

Plenty of people who visit Singapore to serve leisure and business needs, requires vehicles to meet their

travel needs. Car leasing is the most popular option selected by the people who decide to stay back in

the country for a long duration to meet their needs. Companies that offer car rental in Singapore,

provide attractive offers to the tourists and corporate clients. This gives great advantages to the

travelers and is another major reason that makes the facility popular.