COE prices fall across all categories in Singapore, with commercial vehicle premium down 10%> This report was from February, with the trend expected to continue going down from the previous tender. If you’re on the market looking for the right time for coe bidding, this could be the best time as long as you know what you’re doing and have facilities to manage the actual bidding.
Indeed, cars have always been expensive in Singapore. The ongoing pandemic 2021 is viewed as a bad year if you are in the market for an affordable car. Although if your situation calls for a car this year, we’ve prepared some of the most affordable options to consider.
Before you commit to any car, the most important thing is to calculate the long-term cost of owning a car in Singapore. This is because the total cost of owning a car here goes far beyond just the price of a car.
All prices are quoted from authorized dealers and may change without prior notice.
#5 Nissan Note 1.2 Lite (A) – $73,100
Listed currently at $73,100, this is the most basic variant of the Nissan Note. This car is currently one of the most affordable cars in Singapore today. Last year mid-quarter the price of this car as was just $65,800.
#4 Mitsubishi Space Star 1.2 CVT Style (A) – $69,999
Compact and elegant, the Mitsubishi Space Star is a reasonably priced car that can be great for small families or couples who do not need much space. This small hatchback’s fuel consumption rate gives you 21.2km/L, which is very economical for drivers who are looking to get the best possible mileage from their car in the long-term.
#3 Mitsubishi Attrage 1.2 CVT Style (A) – $69,999
Perfect for those looking for a solid, reliable Japanese sedan priced below $70,000. The Attrage is currently one of the best or might be the only choice possible for you. This car has been designed to maximize interior space for drivers and passengers. Like the Space Star, it has a keyless engine start, six airbags, and good fuel consumption of 20.4km/L. A great choice for young families and budget-conscious individuals.
#2 Perodua Myvi 1.3 X (A) – $67,999
The Myvi offers a basic, no-nonsense compact car for those who prefer this option over a regular-sized sedan. The boot space is just at 277L, so owners will need to pack light for short family trips (thinking of Malaysia, aren’t you?).
#1 Perodua Bezza 1.3 Premium X (A) – $64,999
The Perodua Bezza is presently the cheapest car in Singapore. Much like the Myvi, the Bezza is a no-frill car that boasts more than what’s expected. As a well-sized sedan, it offers useful features for both drivers and passengers. The boot space is at 508L, which is more than the other Japanese, Korean and continental brands offer. Other nice-to-haves include keyless engine start-stop and smart entry with the smart key.
Note: For the latest list price for the listed cars above, we suggest you go to an authorized dealer’s website or physical showroom.
That’s it. Yes, we know the options above may still sound exorbitant, but if you need to buy a brand-new car this year and are willing to spend, then these are nice options. Granted, none of these cars will impress everyone, they will get you where you need to be, and that’s what is important anyway.
If you’re already committed to getting a car, then the next step is Singapore coe bidding. Anyone who wishes to register for a new vehicle in Singapore must first obtain a Certificate of Entitlement (COE, representing a right to vehicle ownership and use of the limited road space for ten years. You can save time and stress bidding for Certificate of Entitlements with services like the DBS IDEAL Open COE (OCOE), which is fully accomplished online.