COE premiums stood at $132,004 for Category A and $131,901 for Category B in the second bidding exercise of October 2026, which closed on 21 October. This means buying a car in Singapore remains very expensive and far from ideal for anyone seeking an affordable, brand-new car.
Gone are the days when $50,000 was enough to buy a quality, brand-new sedan. Even the lower-priced models in this shortlist now come with six-figure price tags.
One problem when COE prices go up is that dealers who sell cheaper cars tend to see their margins erode more quickly. What this means is that with COE prices so high, there is a tendency for buyers to look for more expensive cars, with the rationale being that since they are already paying so much for the COE, they may as well get a better and more expensive car. Over time, car dealers who are selling affordable cars may lose market share, and dealers may stop selling these cars altogether in favour of cars that give them a higher margin.
If you do not need a car urgently, consider waiting till COE prices soften. Alternatively, you can consider purchasing a pre-owned car instead. Furthermore, before committing to purchasing a car, it’s also important to consider the long-term cost of owning a car in Singapore.
However, if you desperately need a car and would prefer a brand-new car, here are some of the cheapest cars in Singapore that you can purchase. Advertised prices were checked on 29 October 2026 and are taken from official Singapore model pages and authorised dealers. Packages differ: financing, insurance and trade-in conditions may apply, and guaranteed and non-guaranteed COE prices are not directly comparable. Confirm the final written quotation before booking.
Here are some lower-priced Category A cars to consider as of October 2026. This is a shortlist rather than an exhaustive ranking.
Cheapest Cars In Singapore
BYD ATTO 2 – Price: From $168,888
The BYD ATTO 2 is a compact electric SUV. BYD by 1826 advertises it at $168,888 with non-guaranteed COE, or $176,888 with guaranteed COE. Prices include applicable rebates and discounts, with financing and trade-in conditions. The offer is valid until 4 November 2026 at noon.
The ATTO 2 offers a 12.8-inch rotating infotainment display with Apple CarPlay and Android Auto, and 380 litres of boot space, expanding to 1,320 litres with the rear seats folded.
It has a 51.13kWh battery and a published WLTP driving range of up to 345km. Actual range varies with driving and operating conditions.
Read Also: Complete Guide To EV Charging Costs In Singapore
Dongfeng Box – Price: From $173,888
Dongfeng advertises the Box from $173,888 under its current anniversary promotion, with guaranteed COE and conditional financing, insurance and trade-in rebates. The promotion runs until 4 November 2026 and is subject to limited availability.
Its current Singapore specifications list a 42.3kWh battery and a 70kW motor. Boot space is 326 litres with the seats up, expanding to 945 litres with the rear seats folded.
Omoda E5 Electric – Price: From $174,999
Source: Sgcarmart
The Omoda E5 is advertised at $174,999 with non-guaranteed COE, or $179,999 with guaranteed COE, under a promotion valid until 29 October 2026. Terms and conditions apply.
The E5 has a 24.6-inch curved infotainment display. It has a top speed of 172km/h and accelerates from zero to 100km/h in 11.1 seconds. Its current Singapore specifications list a 59kWh battery and a WLTP combined driving range of 430km. DC charging from 30% to 80% takes approximately 28 minutes using an 80kW charger, while AC charging from 10% to 100% takes approximately 6.75 hours using an 11kW charger.
Seres 3 Electric Classic – Price: $176,800
Vin’s Automotive Group advertises the Seres 3 Electric Classic at $176,800, with guaranteed COE without top-ups and maximum applicable finance discounts included. Confirm the number of COE bids and rebate conditions with the dealer.
The Seres 3 is an electric SUV qualifying for Category A COE.
Suzuki Jimny – Price: From $183,888
Unless you fancy a small off-road car, the Suzuki Jimny is certainly not for everyone. It comes with a 1,462cc petrol engine, a four-speed automatic transmission and Suzuki’s ALLGRIP PRO four-wheel-drive system. Its published combined fuel consumption is 14.7km/l.
Only consider it if you are the adventure-seeking type who regularly drives to Malaysia for off-road activities, as this car may not be ideal for regular family use.
Nissan NOTE e-POWER – Advertised Starting Price: $196,800
Nissan’s current Singapore NOTE e-POWER model page advertises a starting price of $196,800. Listed features include Intelligent Emergency Braking, Intelligent Lane Intervention, wireless Apple CarPlay and Android Auto, and an electronic parking brake with Auto Hold. Confirm the variant and COE package with Tan Chong before booking.
Read Also: 15 Of The Cheapest EV Cars In Singapore
If you need a car but are not willing to spend a lot on one, consider getting a used one instead. Motorist is an automotive platform that allows you to buy used cars in Singapore. Alternatively, if you already have a car that serves you well, why not consider renewing your COE instead?
Whether it’s to buy a used car, renew your COE, or to rent a car, Motorist can help you search and make better car-related decisions in Singapore. You can download the Motorist app on the App Store or Google Play.
Read Also: Explaining Why Cars In Singapore Are So Expensive
Cover image credit: Raymond Quek
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