Some people get confused between renting and leasing a car in Singapore, and you might be one of them. The truth is, you need to know the difference between them so you can make the right choice in the future.
Here’s everything you need to know about renting and leasing a car in Singapore!
LEASING
1. RENT A CAR FOR LONGER PERIODS
The idea of leasing a car is similar to renting, but the difference is that you can own your vehicle for a much longer time. However, your ownership is still temporary, but at least it will last longer than renting a car.
2. PAY YOUR DUES
Similar to leasing an apartment, if your car is on a lease, you need to pay the car leasing company in Singapore every few months or so. Nonetheless, your payment deadlines will depend on the agreement between you and the car agency.
3. USE YOUR CAR FOR LONG-TERM PURPOSES
If you need to own a vehicle in the long run, perhaps you should lease a car in Singapore instead of renting one. Your car can last months of use until you return it to its car leasing company.
RENTING
1. RENT A CAR FOR SHORT PERIODS
Unlike leasing, you can only rent a car for short-term use. Doing so is especially helpful for vacationers who need quick access to a vehicle.
2. OPTIONAL INSURANCE
When it comes to leasing a car, automobile insurance is usually mandatory. On the other hand, renting a car comes with the option to file for insurance. Either way, it might be best to go for car insurance altogether.
3. RENTING CAN BE EXPENSIVE
Car rentals are usually for people who need a vehicle for short-term use, which is why they are also expensive compared to leasing.
Have you decided which option is better? Know your goals first before you decide, and look for a car rental agency in Singapore that can help you out. For leasing and car rental services, visit ComfortDelGro Rent-A-Car.
