Singapore’s car ownership costs are legendary, with the COE alone often rivaling the price of the car itself. But what if you could drive without the crushing financial burden? That’s where leasing comes in—a flexible, often cost-effective solution tailored to a city where every dollar counts. Let’s dive into whether leasing a car in Singapore is the smart choice for you.
What Makes Leasing Financially Flexible?
Lower Upfront Costs
Buying a car in Singapore means hefty expenses: COE, down payment, registration fees, and more. Leasing, by contrast, requires minimal upfront costs. This makes driving accessible without draining your bank account.Predictable Monthly Payments
Budgeting becomes easier when your costs are fixed. Leasing provides predictable monthly payments, covering not just the car but also essential expenses like maintenance and insurance. This clarity helps avoid surprise bills.
How Does Car Leasing Save You Time and Hassle?
All-Inclusive Packages
When you lease, many providers handle the nitty-gritty for you: maintenance, insurance, and road tax. Think of it as driving with zero admin headaches. In Singapore, where car ownership often feels like managing a small business, this is a game-changer.No Long-Term Commitment
Cars depreciate, technology evolves, and preferences change. Leasing lets you stay flexible. Want to drive the latest electric vehicle next year? No problem—just return your current lease and upgrade.
Who Should Consider Leasing a Car?
Expats and Short-Term Residents
Expats and temporary residents often find leasing more practical. Singapore’s efficient public transport might not always suit your needs, and a leased car offers the perfect middle ground for convenience without commitment.Occasional Drivers
If you drive primarily for weekend getaways or special occasions, leasing makes financial sense. You’re not tied to a depreciating asset you barely use.
Are There Downsides to Leasing?
Mileage Restrictions
Many lease agreements cap annual mileage. If you frequently hit the road, this could be limiting—and potentially costly if you exceed your limit.Ownership Pride
Leasing lacks the emotional satisfaction of ownership. You can’t customize your car or avoid wear-and-tear penalties. If you see your car as an extension of your identity, owning may be more fulfilling.
Why Should You Explore Electric Vehicle Leasing?
Electric vehicles (EVs) are revolutionizing transportation, and leasing one is an excellent way to experience the benefits without the commitment of ownership. Whether you’re looking for a cost-effective delivery solution or aiming to reduce your carbon footprint, EV leasing is the way forward.
EV Options You Can Lease with EVFY
At EVFY, we specialize in leasing eco-friendly electric vehicles tailored to your business needs. Here’s a closer look at our fleet:
BYD T3
Max Payload: 780 kg
Cargo Volume: 3800 L
Range: Up to 300 km
Battery Capacity: 50.3 kWh
Charge Time: AC 7.6 hours / DC 1.3 hours
Perfect for cost-effective, zero-emission deliveries, the BYD T3 balances range with ample cargo space.
DFSK EC35
Max Payload: 1100 kg
Cargo Volume: 4800 L
Range: Up to 331 km
Battery Capacity: 38.7 kWh
Charge Time: AC 5.9 hours / DC 1.0 hour
Need to move larger loads? The DFSK EC35 delivers more space and payload capacity for businesses with greater logistical demands.
Golden Dragon XML5036
Max Payload: 1730 kg
Cargo Volume: 6500 L
Range: Up to 250 km
Battery Capacity: 50.2 kWh
Charge Time: AC 7.6 hours / DC 1.3 hours
The workhorse of our fleet, this model is built for heavy-duty operations.
DFSK EC31
Max Payload: 1280 kg
Cargo Volume: 3500 L
Range: Up to 280 km
Battery Capacity: 38.7 kWh
Charge Time: AC 5.9 hours / DC 1.0 hour
Navigating tight urban spaces? The DFSK EC31 combines compact size with impressive load capacity.
SRM T3
Max Payload: 1625 kg
Cargo Volume: 3500 L
Range: Up to 300 km
Battery Capacity: 53.6 kWh
Charge Time: AC 8.1 hours / DC 1.3 hours
With its extended range and strength, the SRM T3 is ideal for businesses with heavier delivery needs.
Why EVFY?
At EVFY, we don’t just lease cars—we offer sustainable mobility solutions that align with your business goals. From reducing emissions to cutting operating costs, our EV leasing services deliver value on every front.
Comprehensive Support: We handle maintenance, insurance, and charging, so you focus on your business.
Customizable Options: Choose from our diverse fleet to match your delivery needs.
Sustainability Goals: Lower your carbon footprint with our eco-friendly vehicles.
So, Is Leasing a Car Worth It in Singapore?
If you value flexibility, convenience, and cost savings, leasing is a smart option. Add EVs into the mix, and you’re not just driving—you’re contributing to a greener future.
Ready to drive electric and take your business to the next level?
Contact EVFY today and explore our EV leasing options. Together, we’ll redefine your journey—one sustainable mile at a time.