The advantage of choosing car leasing in Singapore is that you get to own a car for a low price! You just need to pay for the downpayment and the monthly costs, and you will get to drive an almost brand-new car for at least a year or two! It’s like a long-term car rental in Singapore. Here are some tips that might help you get the best deals when you lease a car:
Calculate the Estimated Overall Costs
To make sure it’s worth leasing a car in Singapore, try to sum up the required monthly costs first, and then compare it to the actual purchase price of the car. In this way, you will know if the leasing costs are worth it in the long run.
Do a Test Drive
Even though the car dealer has guaranteed that the car is in good condition, it would still be better to do a test drive. Doing this will let you know if you are comfortable driving it.
Negotiate the Purchase Price First
Always remember that the total monthly cost will depend on the agreed purchase price of the car. So, try as much as possible to negotiate the price first before saying that you will lease the car.
Consider Getting a GAP
You never know when accidents will happen. No matter how much you take care of your leased car and keep it safe, it might end up getting stolen or heavily damaged. Thus, it would be ideal to get a Guaranteed Auto Protection (GAP) for these unfortunate circumstances.
Check the Car’s Depreciation Cost
Another tip to ensure that you will get a great car leasing deal is to check the car’s depreciation cost. It is recommended to choose cars that would depreciate fast so that you will have to pay low monthly costs.
Consider Purchasing Extra Miles
You need to decide whether you are going to use the leased car for long travels. If so, then you should purchase some extra miles beforehand. Although this might incur high upfront costs, at least you can reimburse your money later if you haven’t used them.
It’s practical to get a leased car first if you want to temporarily own a car in Singapore. If you are interested in applying for a car lease, then check out CDG Rent A Car now!
