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 among Singaporean consumers, there are still many misconceptions that prevent some people from making the switch.
Car rental has many benefits as compared to car ownership, which are generally not as well-known due to these misconceptions. In this article, we will cover 5 common myths about car rental in Singapore, and dispel them one by one to show why car rental is the preferred choice among a growing number of Singaporeans.
Many people assume that because you do not own the car, renting a car must be significantly more expensive than buying one. After all, there must be some extra or hidden costs associated with car rental, like service fees, insurance and maintenance fees. Why spend so much on renting a car when you can spend the same amount—or even less—to own your car outright?
This is a common misconception among prospective renters. Renting a car actually tends to be much cheaper than buying one, due to the high costs associated with car ownership in Singapore. In February 2020, a Certificate of Entitlement (COE) cost more than $30,000. In addition, a new sedan usually costs upwards of $100,000, not to mention the annual road tax, insurance and petrol costs.
At Singapore Car Rental, all these costs are included in the rental rate, so you won’t have to worry about being charged extra out of the blue. Furthermore, the cost of leasing a car from us is usually lower than monthly payments on a car loan.
Car Rental is Inconvenient
Consumers often assume that rental companies place all sorts of arbitrary limitations on the use of their vehicles, such as mileage limits and restrictive rules about when you are allowed to drive the car. The common perception is that these limits would not exist if you simply owned the car outright, making car rental a supremely inconvenient alternative.
However, the opposite is actually true: car rental is generally a much more convenient option than car ownership, as you have fewer responsibilities towards a rented car. With Singapore Car Rental, you can enjoy all the benefits of owning a car without having to deal with the drawbacks. We offer unlimited mileage on our vehicles for use in both Singapore and Malaysia, and unlike car ownership, you will not have to take on the responsibility of servicing and maintaining the car. Drive your vehicle anytime, anywhere without any worries!
Only Companies Can Rent Cars
When many people think of leasing a car, they often imagine a wealthy CEO being chauffeured around in a rented company car. Hence, a common misconception is that car rental companies only allow corporate clients to rent their vehicles, due to the exorbitant prices associated with car rental and chauffeur services.
While it is true that a significant proportion of car rentals are booked by corporate customers, anyone can rent a car as long as they fulfil the eligibility requirements. Furthermore, the relatively low costs associated with car rental mean that it is not limited to companies alone. Car rental is open to individuals and groups of all sizes for all purposes. You can even hire our chartered limousine service and travel in style—just like the bigwigs do!
It’s Difficult to Rent a Car
Renting a car can come with its fair share of paperwork, and consumers sometimes misinterpret this as needing to jump through a lot of hoops and complete a lot of administrative work, similar to the process of buying a car outright. Hence, they see the process of car rental as difficult and a hassle, and ultimately not worth it.
However, as mentioned above, it is very easy to fulfil eligibility requirements for renting a car. At Singapore Car Rental, you (and any additional drivers) simply have to be at least 24 years old, possess a valid Singapore Class 3 or approved foreign license and have at least 2 years of qualified driving experience. The process of renting a car is also smooth and quick, and you’ll be on the road in your dream vehicle in no time.
Finally, many consumers mistakenly think that when you rent a car, you are bound to a contract and cannot change it. Hence, you become beholden to the rental company’s whims and fancies and do not get a choice in what happens to the vehicle and how it can be used. Because of this, people often assume that car rental is highly inflexible in comparison to car ownership, where you get final say over how to drive your own vehicle.
In actuality, you have a lot of freedom to decide what your rental experience will be like. Even before renting the car, you can choose what model vehicle you want to rent, how long you want to rent it for and more. Our fleet of latest model cars is sure to have something you’ll like, and you can choose to book a short- or long-term car 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 to ensure that every ride is smooth, comfortable and safe. We offer both daily car rental SG services as well as longer term rentals.
But the best part is that we give you all this at competitive prices: our quotes are all-inclusive with NO hidden charges. We also provide delivery of cars to your doorstep island wide at no charge. For travellers, we also offer car rental service to both Changi Airport and hotels.
Rent a car with Singapore Car Rental today!
