Despite the pandemic, COE prices have increased significantly since 2020, with prices in January 2021 reaching their highest level since May 2019. Car prices in Singapore have also gone up due to the higher COE prices. It is not good news for those of us hoping to buy an affordable car in Singapore. However, below are some of the cheapest cars in Singapore that you can purchase right now.
You are technically paying less than $35,000 for this car after deducting the COE cost which is approximately $48,000. In addition to that, if you factor in the PARF rebate for the car if you deregister after 10 years, which would be around $2,500, you will probably spend about $32,500 on the car. The Bezza provides two airbags, 508L of boot space with a fuel economy of 21km/L, along with a low annual road tax.
If you need a bigger car with more space, you should choose the Mitsubishi Attrage. The car can comfortably seat three adults in the back and comes with a boot space of 450L, which is a lot larger than many other sedans costing much more.
A small hatchback for couples or for families who do not need much space. In addition to the six airbags, the Space Star has auto headlights, electrically retractable side mirrors, and a keyless engine start. Its fuel consumption rate of 21.2 litres per 100 kilometres also makes it a wise choice for long-term mileage-oriented drivers.
Malaysia’s favourite hatchback has a perky powertrain, perfect for our small city. Similar to the Bezza, the Myvi gets excellent fuel economy, and it is also spacious with plenty of legroom. Boot space of 277L and the Myvi comes with 4 airbags.
Similar to the Mitsubishi Space Star, the Honda Fit will be an excellent car for couples or small families. It is easy to park and fun to drive with. The fit is equipped with 6 airbags which include two front, two front side, and two side curtain airbags, each with coverage for the front and rear seats. Its fuel consumption rate of 19.6 litres per 100 kilometres also makes it a wise choice for long-term mileage-oriented drivers. *DISCLAIMER* All the prices are accurate at the time of writing. Last updated: 8 November 2021 Besides the cheapest cars in Singapore, here are what might interest you: