This article was first published on 4 February 2020 and was updated on 21 October 2020.
In spite of the COVID-19 pandemic, COE prices have trended upwards in 2020. Before the circuit breaker, the COE price for CAT A was at $31,210 (March 2020). After our country exit the circuit breaker period, COE prices have gone up and is at $36,534 as of October 2020. This also means that car prices are now higher as compared to the start of the year.
Cars have always been expensive in Singapore. 2020, thus far, has not seemed like a good year if you are in the market for an affordable car. That said, if you really need to buy a car this year, here are some of the cheapest cars you can consider.
Before committing to a car, always remember to first calculate the long-term cost of owning a car in Singapore first. That is because the total cost of owning a car in Singapore goes far beyond just the purchase price of a car.
Here are some of the cheapest cars you can buy in Singapore right now.
All prices are as quoted from authorized dealers.
#5 Nissan Note 1.2 Lite (A) – $73,100
The most basic variant of the Nissan Note is listed currently at $73,100, making this compact Japanese car one of the most affordable cars in Singapore today. It’s also worth noting that the price of this car as of 30 June 2020 was just $65,800.
#4 Mitsubishi Space Star 1.2 CVT Style (A) – $69,999
A small and nimble car, the Mitsubishi Space Star is a reasonable choice for couples or small families who do not need so much space. This small hatchback gives drivers a fuel consumption rate of 21.2km/L, making it an economically sound choice for drivers who are intending to get the best possible mileage from their car in the long-term.
#3 Mitsubishi Attrage 1.2 CVT Style (A) – $69,999
If you are looking for a solid, reliable Japanese sedan at a price of below $70,000, the Attrage is one of the best, if not the only, choice that you have. According to Mitsubishi, the Attrage has been designed to maximise interior space for both drivers and passengers. Similar to the Space Star, it gives you six airbags, keyless engine start and good fuel consumption of 20.4km/L. All in all, a very logical choice in our opinion.
#2 Perodua Myvi 1.3 X (A) – $67,999
The more expensive of the two Perodua models we have, the Myvi offers a basic, no-frill drive for those who prefer a small hatchback over a regular-sized sedan. With a boot space of just 277L, you will need to pack light (or smart) even for that short family trip you are taking to Malaysia.
#1 Perodua Bezza 1.3 Premium X (A) – $64,999
At the point of writing, the Perodua Bezza is the cheapest car in Singapore. At the list price of $64,999, it’s at least $3,000 cheaper than the next most affordable car in Singapore.
Like the Myvi, the Bezza is a no-frill car that offers surprisingly more than what you may expect. As a proper sized sedan, it provides reasonable (or exceptional, according to its marketing description) for both drivers and passengers. Adding to that, boot space is at 508L which is more than what many other Japanese, Korean and continental brands offer. There are nice features such as keyless engine start-stop and smart entry with the smart key.
There you have it. Some ‘reasonable’ options to consider if you really need to buy a brand-new car in 2020 and are not willing to spend anytime more than you need to.
While none of these cars are going to impress your car fanatic friends or bring out the Fast & Furious spirit in you, they will get you from point A to point B as promised, as long as you continue to drive safely.