Owning and driving a car is unquestionably expensive in Singapore, and this fact represents a key reason why so few people – around 11 per cent – do own vehicles in this small country.
As a driver and car owner, it is easy to lose track of at least some of the many small costs you will have, all of which can together add up to massive expenses. The costs can particularly pile on if you are gearing up to buy a new car.
Even when you get the best deal on your car insurance in Singapore, the premium will typically cost at least S$1,500 per year if the driver does not have a no claim discount (NCD). [Read more…] about How Does the Value of Your Car Influence Insurance Cost?