After recently peaking at $128,105 (CAT A) and $141,000 CAT B in October 2025, COE prices fell sharply amid increased supply before climbing back again, with premiums currently sitting at $118,000 and $121,000 respectively, as of the 1st bidding exercise in April 2026. 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. In fact, based on our research of authorised dealers in Singapore, we can’t even find any new cars in Singapore at less than $140,000 today.
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, it might be advisable to put off purchasing a car, at least until 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. Prices are accurate at the time of writing and taken from authorised dealers.
Here are some of the cheapest CAT A cars sold by authorised dealers in Singapore as of April 2026.
Cheapest Cars In Singapore
Nissan Note e-POWER Hybrid – Price: $189,800
A hybrid vehicle, the Nissan Note offers an engine capacity of 1,198 cc and a fuel consumption of about 24.4km/l. Its boot capacity is 340l, and its features include 7 airbags, electric folding side mirrors, lane assist, and a departure warning.
Suzuki Jimny – Price: $178,888
Unless you fancy a small off-road car, the Suzuki Jimny is certainly not for everyone. The Jimny is a small all-wheel drive vehicle with a 2+2 seating capacity and provides only 85l of boot space when all four seats are up with a fuel consumption of 14.7km/l.
Unless you are the adventure-seeking type who likes to drive to Malaysia regularly for off-road activities, this car may not be the most ideal for regular family use.
BYD Atto 2 – Price: $166,888
BYD has become a popular household EV brand, accounting for almost one-fifth of all car sales in 2025. Among its range of models, the most affordable is the Atto 2, a compact SUV.
The Atto 2 offers a spacious interior and comes with a range of features such as 6 airbags, wireless Smartphone charging, a 12.8-inch intelligent rotating infotainment display, synthetic leather seats, and a spacious 380L boot space.
It delivers a driving range of 345km and is powered by a sizeable 51kWh battery, which can be fully charged in about 1.2 hours via DC charging or around 9 hours using AC charging. Furthermore, BYD also provides a 10-year battery warranty, 10 years of free servicing, and a 6-year vehicle warranty, giving buyers added confidence to make the switch.
Aion ES Electric – Price: $160,988
With affordability as its main appeal, the Aion ES starts from $160,988. It’s also the only sedan among the four models offered by the Chinese brand.
Equipped with a 55.2kWh battery, the Aion ES can do a full DC charge in around 1.4 hours or about 8.5 hours via AC charging. It offers a WLTP range of up to 364km and up to 520km for city driving with an energy consumption rate of 6km/kWh or 16.7kWh/100km. The Aion ES has a top speed of 150km/h and accelerates from zero to 100km/h within 12.1 seconds.
Though it lacks the premium interior finishing and some features available in other EV cars, it scores for practicality with a spacious 1,200l boot space. While it may not be a head-turner, it’s an option for those seeking a car to take them from Point A- to -B.
Omoda E5 Electric – Price: $159,999
Source: Sgcarmart
Omoda, a sub-brand of Chery, is another new entrant to the Singapore market amid the wave of Chinese EV brands since 2024. The popular Sports Utility Vehicle (SUV) type is currently the only model available locally.
The E5 comes well equipped with features such as 6 airbags, eco-leather seats, a 24.6-inch curved infotainment display, and premium Sony 8 sound system. It has a top speed of 172km/h and accelerates from 0 to 100km within 11.1 seconds. The E5 offers a driving range of around 430km and is powered by a 61kWh battery, which can fully charge in about 30mins via DC charging or about 8 hours on AC charging.
Dongfeng Box Essential 43.3kWh – Price:$159,888
Dongfeng may be a relatively unfamiliar to local motorists, but it’s well-established brand in China as one of country’s “big four” state-owned car manufactures. The Dongfeng Box debuted in 2024 as a stylish and affordable car targeting first-time EV buyers.
The Dongfeng Box comes with 2 airbags, a 326-boot space, and a driving range of up to 385km with an energy consumption rate of 10.5kWh/100km. It reaches a top speed of 140km/hr and accelerates from zero to 100km/hr in 12.5 seconds.
Seres 3 Electric Classic – Price: $155,800
The Seres 3 was dubbed the anti-BYD electric SUV when it was introduced to the Singapore market at the 2024 Motor Show. The Chongqing-based EV maker offers a sporty SUV with a spacious interior, including 526l boot space, along with modern amenities at a budget-friendly price point.
The Seres 3 has a 54kW battery, allowing a full DC charge in under an hour or about 5 hours via AC charging. It has a top speed of 155km/hr and a driving range of 334km. It also comes with many features expected in a modern car, such as auto headlights, electric folding side mirrors, keyless engine start, 6 airbags, a 10.25-inch touchscreen infotainment among others.
Opel Corsa-e Electric – Price: $149,500
If you’re looking for a continental car without breaking the bank, then Opel’s Corsa-e could be worth considering. Launched in 2025, this all-electric hatchback features 4 airbags, a 267L boot space that expands to 1,081L with the rear seats folded, and a driving range of 362km with an impressive energy consumption rate of 7.24km/kWh or 13.8kWh/100km.
The Corsa-e has a 50kWh battery, allowing a full DC charge in around 30 minutes or about 7.3 hours via AC charging. While the Corsa-e may not be particularly quick, with a top speed of 150km/hr, it has a decent acceleration speed from zero to 100km/hr in around 8.7 seconds. This makes it suitable for city travelling or young families who may not require extensive rear legroom.
Read Also: Why Are Cars In Singapore So Expensive?
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.
Cover image credit: Raymond Quek
