Results 1 to 6 of 6
  1. #1
    Registered User archcherub's Avatar
    Join Date
    Oct 2015
    Location
    singapore
    Posts
    113

    Hire purchase car loans or do car rental?

    car rental is more hassle free.... no need worry about insurance, no need worry abt road taxes, no need worry about car repairs.

    what do u guys think?

  2. #2
    Registered User jowy_ham's Avatar
    Join Date
    May 2005
    Location
    Extreme NE
    Posts
    3,657
    Just info. for your comparison:

    Owned car
    Car loan : 870+
    Servicing : 180+ (every 2.5 months)
    Insurance : 1888/yr (158/month)

    Monthly : 870 + 72 (180/2.5) + 158 = $1,100


    Rental car
    Rental : $60+/day (Toyota Altis old model)
    Servicing : NA
    Insurance : NA

    Monthly : 60 x 30 = $1,800

    Season Parking : same regardless rental or owned car
    Petrol consumption : Should be the roughly the same given same model/make

    My take, owned car if U can afford it cos there is a downpayment component and if U intend to drive for long. Rental car if U cannot afford the downpayment and U just wanna try things out.

    BTW, rental car accident excess is higher than owned car.
    Last edited by jowy_ham; Jul 3rd, 17 at 10:17 PM.

  3. #3
    Registered User archcherub's Avatar
    Join Date
    Oct 2015
    Location
    singapore
    Posts
    113
    wow almost like no brainer to own rather than rent... then why pple don't own their car rather than rent

  4. #4
    Registered User archcherub's Avatar
    Join Date
    Oct 2015
    Location
    singapore
    Posts
    113
    own your own car instead of car rental

    the article also give an example that is similar to your example.

    to be fair, car rental agencies must earn money to cover their admins and maintaining their fleets. really meant to service people who cannot afford downpayment

  5. #5
    Registered User jowy_ham's Avatar
    Join Date
    May 2005
    Location
    Extreme NE
    Posts
    3,657
    Cos rented car can always change car (try different model) once rental contract is up.

    Owned car, cannot change that easily unless U are very RICH

  6. #6
    Registered User archcherub's Avatar
    Join Date
    Oct 2015
    Location
    singapore
    Posts
    113
    Quote Originally Posted by jowy_ham View Post
    Cos rented car can always change car (try different model) once rental contract is up.

    Owned car, cannot change that easily unless U are very RICH
    isn't it better to stick to one familiar car? i mean i rent car that time switched become a lousy one with bad window power, go down halfway then want to press the windows up, cannot.
    hahahahaa damn suay.


    maybe gf change every mth okay lah :

Similar Threads

  1. Replies: 0
    Last Post: Jan 2nd, 17, 04:50 PM
  2. Surge in rental car numbers fuelled by private-hire players
    By VRNews in forum Singapore Automobile News
    Replies: 0
    Last Post: Sep 13th, 16, 01:00 PM
  3. HDD rental service or purchase
    By BigMan in forum Singapore Marketplace / Garage Sales
    Replies: 10
    Last Post: Feb 4th, 09, 11:15 AM
  4. HDD rental service or purchase (Edited)
    By BigMan in forum Singapore Marketplace / Garage Sales
    Replies: 2
    Last Post: Jan 29th, 09, 10:05 AM
  5. Any Hire Purchase Scheme available in SLS
    By saandeep_634 in forum Hardware Depot
    Replies: 7
    Last Post: Feb 23rd, 06, 05:31 PM

Tags for this Thread