5 Common Myths About Car Rental in Singapore

Car rental in Singapore is a fast-growing industry, with revenue totalling US$107 million in 2020 and expected to almost double to US$200 million by 2024. Many Singaporeans are becoming aware of the advantages of car rental over other modes of transport. While car rental is becoming increasingly popular, there are still misconceptions that prevent some people from making the switch.

Car rental has many benefits compared to ownership, which are generally not well-known due to these misconceptions. This article covers 5 common myths about car rental in Singapore and dispels them one by one, to show why car rental is the preferred choice among a growing number of Singaporeans.

Car Rental is Expensive

Many people assume that because you do not own the car, renting must be significantly more expensive than buying. The thinking is that there must be extra or hidden costs, like service fees, insurance, and maintenance. Why spend so much renting when you could spend the same amount, or even less, to own a car outright?

This is a common misconception. Renting a car actually tends to be much cheaper than buying, given the high costs of car ownership in Singapore. In February 2020, a Certificate of Entitlement (COE) cost more than $30,000. On top of that, a new sedan usually costs upwards of $100,000, before you add annual road tax, insurance, and petrol.

At Singapore Car Rental, all these costs are included in the rental rate, so you will not be charged extra out of the blue. The cost of renting from us is usually lower than the monthly payments on a car loan.

Car Rental is Inconvenient

Consumers often assume that rental companies place arbitrary limits on their vehicles, such as mileage caps and restrictive rules about when you can drive. The perception is that these limits would not exist if you owned the car outright, which makes rental seem inconvenient.

The opposite is true: car rental is generally far more convenient than ownership, since you carry fewer responsibilities for the vehicle. With Singapore Car Rental, you get the benefits of having a car without the drawbacks. We offer unlimited mileage for use in both Singapore and Malaysia, and unlike with ownership, you do not take on the servicing and maintenance. Drive anytime, anywhere, without the worry.

Only Companies Can Rent Cars

When many people picture renting a car, they imagine a wealthy CEO being chauffeured around in a company car. So a common misconception is that rental companies only allow corporate clients to book, given the prices associated with car rental and chauffeur services.

While a significant share of rentals are booked by corporate customers, anyone can rent a car as long as they meet the eligibility requirements. A self drive car rental Singapore is open to individuals and groups of all sizes, not just corporate clients, and you book and drive it yourself rather than needing a chauffeur. If you do want the chauffeured experience, our chartered limousine service is there too.

It’s Difficult to Rent a Car

Renting a car comes with some paperwork, and consumers sometimes read this as needing to jump through hoops and complete a lot of admin, similar to buying a car outright. So they see the process as difficult and not worth it.

In practice, the eligibility requirements are easy to meet. At Singapore Car Rental, you and any additional drivers simply need to be at least 24 years old, hold a valid Singapore Class 3 or approved foreign licence, and have at least 2 years of qualified driving experience. The booking process is quick, and you will be on the road in your chosen vehicle in no time.

Car Rental is Inflexible

Finally, many consumers think that once you rent a car, you are bound to a contract you cannot change, leaving you beholden to the rental company with no say over the vehicle. Because of this, they assume car rental is far less flexible than ownership, where you have the final say over your own car.

In reality, you have plenty of freedom to shape your rental. Before you even collect the car, you choose the model, how long you want it for, and more. Our fleet of latest-model cars is sure to have something you like, and you can book a short term car rental or a long-term rental according to your needs.

Rent a Car with Singaporecarrental.sg

Singapore Car Rental provides a full suite of services for both corporate and individual needs. Our clients are secure in the knowledge that we offer quality cars and professional expertise, so that every ride is smooth, comfortable, and safe. We offer both daily car rental SG services and longer-term rentals.

The best part is that you get all this at competitive prices: our quotes are all-inclusive with no hidden charges. We also deliver cars to your doorstep island-wide at no charge. For travellers, we offer car rental service to both Changi Airport and hotels.

Rent a car with Singapore Car Rental today!