Are you looking to buy a car in Singapore but constrained by a tight budget?
This guide reveals the cheapest car in Singapore options available in 2024, all priced under $130,000.
We’ll explore a variety of vehicles to suit different needs and preferences, ensuring you find the perfect match for your budget.
Even if you’re searching for the absolute cheapest car in Singapore, this list is an excellent starting point for your research!
| Best For | Cheap Cars in Singapore |
| Price Value | Perodua Bezza 1.3 Premium X (A) |
| Fuel Consumption | Mitsubishi Attrage 1.2 CVT (A) |
| Maintenance and Reliability | Toyota Vios 1.5E (A) |
| Resale Value | Honda Brio 1.2 Amaze (A). However, in general, most Toyota and Honda cars. |
Table of Contents
Understanding the Car Market in Singapore
Owning a car in Singapore is quite different from many other countries.
Several factors significantly influence car prices and ownership costs, making understanding the market before purchasing essential.
Here’s a breakdown of some key aspects:
The Role of Certificate of Entitlement (COE):
This acts as a permit to own a car for a specific period (10 years for most vehicles). COEs are obtained through a bidding system, fluctuating prices based on vehicle category and market demand. This COE effectively adds a significant upfront cost to the car’s base price.
Taxes and Fees To Consider:
Several taxes impact car ownership in Singapore, including:
- Additional Registration Fee (ARF): Calculated based on the car’s Open Market Value (OMV), a measure of its market worth. A higher OMV translates to a higher ARF.
- Excise Duty: A tax based on the car’s engine capacity, encouraging ownership of fuel-efficient vehicles.
- Goods and Services Tax (GST): A standard 7% tax applied to the car’s final price, including the COE, ARF, and ED.
These taxes and the COE system inflate car prices in Singapore compared to other countries.
For instance, a car that might cost $20,000 in another market could easily reach $50,000 or more in Singapore due to the COE and additional taxes.
The good news is that the COE system also encourages car ownership renewal, leading to a robust used car market with potentially good deals.
However, even these used car prices will reflect the COE and tax considerations.
Criteria for Selecting Affordable Cars
While the sticker price is undeniably essential, true affordability in car ownership extends far beyond the initial purchase.
Some key factors to consider when selecting the cheapest car in Singapore that won’t break the bank in the long run:
1. Fuel Efficiency:
Fuel costs are a significant ongoing expense associated with car ownership. Selecting a fuel-efficient car can significantly impact your long-term budget.
Here’s why:
Lower Running Costs:
Every kilometre you drive translates to less money spent on petrol.
Cars with good fuel efficiency allow you to stretch your fuel budget further, freeing up resources for other expenses.
Reduced Emissions:
Fuel-efficient vehicles often have lower emissions, which could potentially qualify you for tax rebates or incentives offered by the government in Singapore.
Note:
Compare fuel consumption figures for different car models and prioritise those known for their efficiency.
Consider factors like engine size, transmission type, and hybrid or electric options if they fit your needs and budget.
2. Maintenance and Reliability
Unexpected repairs can quickly derail your car ownership budget. Here’s why focusing on maintenance and reliability is crucial:
Lower Repair Costs:
Reliable cars experience fewer breakdowns, saving you money on repairs and parts.
Look for car models with a proven track record of reliability and readily available spare parts at affordable prices.
Predictable Maintenance Costs:
Regular servicing is essential for any vehicle, but some require more frequent or expensive maintenance.
Prioritise cars with well-established service intervals and readily available service centres offering competitive rates.
Research common problems associated with different car models and consider reviews from owners who can provide insights into real-world maintenance experiences.
3. Resale Value
While not strictly a running cost, a car’s resale value can significantly impact its overall affordability.
Depreciation:
Cars inevitably lose value over time. However, cars with strong resale values depreciate slower, meaning you’ll get a higher return when it’s time to sell.
Smaller Loss:
A strong resale value minimises the financial loss you experience when selling your car. The recovered amount can then be used to purchase your next vehicle.
Note:
Popular car models with a proven track record of holding their value are generally good choices.
Research resale values for different car models you’re considering to determine how much value they will likely retain over time.
By prioritising these key factors—fuel efficiency, maintenance costs, and resale value—you can find the cheapest car in Singapore that’s affordable upfront and keeps your wallet happy in the long run.
Top 10 Cheapest Cars in Singapore Below $130,000 (2024)
Singapore’s unique car market, with its COE system and additional taxes, can make finding the cheapest car in Singapore a challenge.
1. Nissan Sylphy 1.6 Lite Facelift (A)
| Price | Starting from S$92,800 |
| Key Features | 1.6L engine, automatic transmission, keyless entry and start, electric folding mirrors, touchscreen infotainment system. |
| Unique Selling Point (USP) | Excellent value for money with a spacious cabin and comfortable ride quality. |
| Best For | Families or budget-conscious buyers seeking a comfortable and practical sedan. |
| Why it is affordable | The Sylphy benefits from a competitive base price and fuel-efficient engine, keeping running costs low. |
2. Mitsubishi Attrage 1.2 CVT (A)
| Price | Starting from S$105,999 |
| Key Features | 1.2L engine, continuously variable transmission (CVT), automatic climate control, cruise control, electric windows. |
| Unique Selling Point (USP) | Unmatched fuel efficiency in this price range, potentially exceeding 20 km/L |
| Best For | Eco-conscious drivers who prioritise fuel economy and low running costs. |
| Why it is affordable | The Attrage’s exceptional fuel efficiency significantly reduces running costs, making it a budget-friendly choice. |
3. Kia Stonic EX 1.0 T (A)
| Price | Starting from S$116,999 |
| Key Features | 1.0L turbocharged engine, automatic transmission, sunroof, touchscreen infotainment system with smartphone connectivity, rear parking sensors. |
| Unique Selling Point (USP) | Offers a good balance of practicality, features, and a touch of sporty flair for a subcompact SUV. |
| Best For | Young drivers or those seeking a stylish and practical crossover with modern features. |
| Why it is affordable | While slightly pricier than some competitors, the Stonic offers a compelling combination of features and practicality for the price. |
4. Suzuki Swift 1.2 Standard (A)
| Price | Starting from S$125,888 |
| Key Features | 1.2L engine, automatic transmission, keyless entry and start, automatic headlights, electric folding mirrors. |
| Unique Selling Point (USP) | Offers a dynamic driving experience focusing on handling and agility. |
| Best For | Driving enthusiasts or those seeking a fun and fuel-efficient hatchback. |
| Why it is affordable | Despite its sporty character, the Swift remains fuel-efficient and benefits from a competitive price tag. |
5. Perodua Bezza 1.3 Premium X (A)
| Price | Starting from S$05,999 |
| Key Features | 1.3L engine, automatic transmission, touchscreen infotainment system, reverse camera, automatic climate control. |
| Unique Selling Point (USP) | It offers exceptional interior space and a good list of features at the price. |
| Best For | Budget-conscious buyers who prioritise practicality and value for money. |
| Why it is affordable | The Bezza boasts a competitive price tag and a decent list of features, making it a practical and affordable choice. |
Note: Perodua is a Malaysian brand known for its budget-friendly cars. Before making your decision, be sure to research after-sales service availability and resale value.
6. Chevrolet Spark LT (A)
| Price | Starting from S$109,999 |
| Key Features | 1.4L engine, automatic transmission, air conditioning, electric windows, keyless entry. |
| Unique Selling Point (USP) | Perfect for navigating tight city streets with its compact size and manoeuvrability. |
| Best For | City drivers or those seeking a small, nimble car for everyday errands. |
| Why it is affordable | The Spark’s compact size translates to lower fuel consumption and a competitive price tag, making it one of the cheapest cars in Singapore. |
7. Hyundai Grand i10 Hatchback 1.2 A
| Price | Starting from S$112,888 |
| Key Features | 1.2L engine, automatic transmission, touchscreen infotainment system with Bluetooth connectivity, air conditioning, and electric windows. |
| Unique Selling Point (USP) | Provides a well-rounded package with essential features at a reasonable price. |
| Best For | Value-conscious buyers who seek a practical and functional hatchback for everyday driving. |
| Why it is affordable | The Grand i10 offers a good balance between features and affordability, making it practical and one of the cheapest cars in Singapore. |
8. Renault Kwid Intens (A)
| Price | Starting from S$118,999 |
| Key Features | 1.0L engine, automatic transmission, touchscreen infotainment system with smartphone mirroring, air conditioning, and electric windows. |
| Unique Selling Point (USP) | Its unique design and compact size make it perfect for city commutes. |
| Best For | Budget-conscious drivers seeking a stylish and practical small car for urban adventures. |
| Why it is affordable | The Kwid’s small footprint results in good fuel economy and a competitive price tag, making it one of the cheapest cars in Singapore. |
9. Toyota Vios 1.5E (A)
| Price | Starting from S$123,888 |
| Key Features | 1.5L engine, automatic transmission, touchscreen infotainment system, air conditioning, electric windows and mirrors. |
| Unique Selling Point (USP) | Offers legendary Toyota reliability and a spacious interior for a comfortable driving experience. |
| Best For | Those who prioritise brand reputation, reliability, and a comfortable sedan for everyday use. |
| Why it is affordable | While pricier than some competitors, the Vios offers the potential for good resale value and lower maintenance costs due to Toyota’s reputation for reliability, making it a cost-effective option among the cheapest cars in Singapore. |
10. Honda Brio 1.2 Amaze (A)
| Price | Starting from S$127,999 |
| Key Features | 1.2L engine, automatic transmission, touchscreen infotainment system with Bluetooth connectivity, air conditioning, and electric windows. |
| Unique Selling Point (USP) | It is known for its fuel efficiency and spacious interior for a compact sedan. |
| Best For | Budget-conscious buyers seeking a practical and fuel-efficient sedan for everyday driving. |
| Why it is affordable | The Brio Amaze offers good fuel economy and a competitive price tag, making it one of the cheapest cars in Singapore and a practical choice. |
Comparative Analysis of the Listed Cheapest Car in Singapore
With 10 compelling cheapest car in Singapore options to consider, diving deeper into specific criteria will help you select the car that best suits your needs and budget.
Let’s compare these contenders across key factors for the cheapest car in Singapore:
Factor 1: Price
Budget-Friendly Champions:
For those prioritising affordability, the Nissan Sylphy and Mitsubishi Attrage lead the pack, both falling well under the $100,000 mark.
Mid-Range Mix:
The Opel Corsa, Kia Stonic, and Mazda 2 balance price and features, settling comfortably within the S$100,000 – S$120,000 range.
Upper Echelon:
The Suzuki Swift and Perodua Bezza approach the S$130,000 mark, potentially offering more space or features than their budget-conscious counterparts.
Factor 2: Fuel Efficiency
Thrifty Champions:
The Mitsubishi Attrage is the undisputed champion here, known for exceptional fuel economy, potentially exceeding 20 km/L.
The Nissan Sylphy and Kia Stonic are also strong contenders, offering figures in the mid-teens (km/L).
Moderate Mileage:
The remaining cars likely fall within the 10-15 km/L range, with variations depending on engine size and driving conditions.
Factor 3: Maintenance and Reliability
Reliable Choices:
Brands like Honda and Toyota are renowned for their reliability, though not featured on this particular list.
However, Kia and Mazda have made significant strides in recent years, boasting improved reliability ratings. User reviews and warranty coverage can also be helpful indicators.
Maintenance Considerations:
Parts availability and service costs can vary.
Generally, popular car models tend to have readily available parts and competitive service rates.
Factor 4: Resale Value
Proven Performers:
Typically, established Japanese brands like Toyota and Honda hold their value exceptionally well.
While not on this list, consider their pre-owned options if resale value is a top priority.
Strong Contenders:
Kia and Mazda have steadily improved their resale values among the listed cars. Research specific models to get a clearer picture.
Conclusion
Selecting the cheapest car in Singapore requires careful consideration of your budget, needs, and driving habits. By analysing these ten contenders based on price, fuel efficiency, maintenance, resale value, and personal preferences, you’ll be well on your way to finding the car that fits your lifestyle. Remember, a test drive is always recommended to solidify your decision!
