Cars in Singapore are known to be notoriously expensive. High COE prices along with the Additional Registration Fee (ARF) makes Singapore the world’s most expensive place to own a car.
Whether its to constantly ferry elderly parents, young children or for work-related reasons, there are times when a car that brings us from point A to point B is all that we need.
If you are one of those who needs a car, we got you covered. Here are the 5 cheapest cars that you can buy in Singapore right now.
Note: As of the time of writing, COE prices for Category A is $42,801.
Read Also: Best Value For Money Car In 2017
#5 Mitsubishi Space Star 1.2 (A) – $76,999
A small hatchback offered by a Japanese manufacturer, there might be a few reasons why someone would opt to buy the Space Star.
- A Japanese brand. Check
- A small and easy car to drive. Check
- Good fuel efficiency (23.3/L). Check
- You want a hatchback (Can’t understand why). Check.
That’s about it.
Despite the fact that its one of the 5 cheapest cars in Singapore, we are not remotely sold on it. A Mazda 2 that looks way better costs just $5,000 more.
Buyers would consider a Space Star only because it’s a budget pick. Yet, the Space Star isn’t even the cheapest car in its category as a small hatchback. Neither is it the cheapest car that Mitsubishi offers.
We think this car is in no man’s land right now in the market.
# 4 Chery J3 Coupe 1.6 (M) – $75,999
Did we see it right? A “coupe” coming in as one of the top 5 cheapest cars in Singapore? What was previously impossible for Europeans and Japanese manufacturers has been made possible by the Chinese.
In reality though, the Chery J3 is probably more of a hatchback than a coupe. It’s a 4-door vehicle, seats 5 adults comfortably and has a sizeable boot space that is useful for those long weekends grocery trips up to Malaysia. Those are good reasons to consider buying it.
Now for the reasons you might not want to.
The interior of the vehicle is pretty lackluster and that’s being kind. It looks very much like a throwback to the cars we used to see in the 80s and 90s and we do not mean that in a good way. The transmission is manual, so all our millennial drivers with auto licenses can pretty much forget about driving it. The same goes for those who have a license, but haven’t driven a stick for the past 10 years.
In addition, the Chery brand isn’t exactly sought after, so don’t expect it to give you much value in the used car market.
#3 Mitsubishi Attrage 1.2 (A) – $75,999
The Attrage is the best selling car on this list and for good reasons. It’s a proper sedan with a surprisingly spacious boot. It fits five adults comfortably and has decent fuel efficiency at 20.8/L. Most importantly, unlikely the Chery J3, it comes with an automatic transmission.
The current price of $75,999 is also one of the lowest we have seen it for some time. For a Japanese brand that has a proven track record in producing decent cars such as the Mitsubishi Lancer in the past, we think the current Attrage is as good as a deal that you can find in Singapore.
Given a choice between the Attrage and the Space Star, we would definitely go for the bigger, better and cheaper Attrage. The only drawback we can see about the Attrage is that your car might be mistaken for being a private-hire vehicle.
#2 Perodua Bezza 1.3 (M) – $68,800
Built by Malaysia biggest car manufacturer, the Bezza is a new model hoping to compete against the Attrage to be the most affordable sedan in Singapore.
It has a no-frills exterior that looks ordinary enough to pass off as Toyota Vios. The interior is pretty average but in our opinion, better than the Chery J3. Overall, the car feels like a “normal” car that people used to buy 10 years ago. And by that, we mean it in a good way.
The car is new so its anyone guess’s as to how reliable it will prove to be. That said, parts and servicing shouldn’t be too much of a cost issue since owners can easily drive over the Causeway to get it serviced or have parts replaced in Malaysia when the need arises.
All in all, the Perodua Bezza is worth considering if you are on a tight budget and are not too hard up over the brand of a car.
The automatic transmission version of this car can be bought at $70,800 (about $2,000 more than the manual version).
#1 Perodua Axia 1.0 (M) – $65,800
The cheapest car in the Singapore market right now is the Perodua Axia. You can buy the manual transmission version for $65,800, or about $11,000 less than what you would be paying for the Mitsubishi Space Star, which is 5th on this list. The automatic transmission version can be purchased for $67,800.
It goes without saying that you shouldn’t expect too much from the cheapest car in Singapore right now. It’s a practical vehicle that will allow you to get to work on time.
If you need more boot space, the back seats can be folded down to carry for extra luggage or goods. Its 1.0 litre engine isn’t going to allow it to win any races but neither will it consume too much fuel. Parking should be a breeze even for ‘lousy’ drivers.
Its simplicity also means that there are less electronic features that may fail. And just like it’s “big brother”, the Bezza, you will always be able to find a workshop in Malaysia that will service or replace parts for you at a much cheaper price.
At the end of the day, the biggest (and only) draw for the Perodua Axia is that you would not be able to find any other cheaper cars in Singapore right now.
Are any of the above-mentioned cars on your shortlist? Which would you opt for? Discuss your views with us on Facebook.
Considering Getting A New Credit Card?
SingSaver is running a special credit card promotion this month that gives you up to $150 in cash and $120 in cashback, on top of rewards from individual credit card companies. Offer is good until 31 May 2018.
Not sure which card is right for you? Check out the Complete Guide to Choosing Credit Cards in Singapore for a step-by-step walkthrough to help you make the best decision.
DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Subscribe to our free e-newsletter to receive exclusive content not available on our website. Follow us as well on Instagram @DNSsingapore to get your daily dose of finance knowledge through photos.
Bonds and Fixed Income