5 Best Car Leasing in Singapore & Tips for the Best Deals

5 Best Car Leasing in Singapore & Tips for the Best Deals

In Singapore, Generation Z and millennials view car ownership as a functional convenience rather than a status symbol, leading to a shift towards flexible car leasing options. 

“Car leasing and sharing services offer a practical benefit for consumers. This trend is driving demand for affordable car leasing alternatives, especially in high-cost areas, as it avoids long-term expenses and depreciation,” Marcus Low of Lylo noted.

With a projected 50% rise in car-sharing demand, car leasing is becoming increasingly popular among the youth. 

This article explores the top 5 car leasing companies in Singapore and provides tips for securing the best deals.

What to Consider When Choosing a Car Leasing Company

When selecting a car leasing company, it’s crucial to weigh several key factors to ensure the deal aligns with your needs and budget. Here’s what to look out for:

How Much Does It Cost to Lease a Car in Singapore?

When considering a car leasing company in Singapore, pricing is a crucial factor. On average, leasing a car can cost anywhere from S$1,300 to S$3,000 per month, depending on the make and model of the vehicle. It’s essential to compare prices from different companies and look for any hidden fees or charges that might affect the overall cost.

Consider this pricing table from Drive.sg

Cost per month
Term6 months1 year2 years
Mazda 3S$1650.00S$1600.00S$1550.00
Honda Jazz or similarS$1650.00S$1600.00S$1550.00
Toyota Altis (current gen) or similarS$1850.00S$1750.00S$1700.00
Tesla Model Y Electric or similarS$4400.00N/AN/A

What is the Best Car Lease Term?

The lease term is another important consideration. Typically, car lease terms in Singapore range from one to five years. A shorter lease term offers more flexibility, while a longer-term might provide a lower monthly payment. It’s important to choose a term that aligns with your personal or business needs.

What is Covered?

Insurance coverage is a key aspect of any car lease agreement. Comprehensive insurance coverage is essential. Ensure the policy protects against a wide range of incidents, minimizing out-of-pocket expenses in case of an accident. Additionally, check for any exclusions or deductibles. While most leasing companies include insurance in the lease package, it’s still important to understand what is covered.

Why Lease a Car?

Escalating COE prices, rising vehicle expenses, and maintenance costs are prompting a rethink on the practicality of car ownership. According to Jenny Lim from BlueSG, in a Channel News Asia interview, “High vehicle car obligations and financial obligations are some things that are not what they want to pay.” 

That said, the biggest advantage to leasing a car in Singapore is the flexibility and convenience it offers. Leasing allows you to drive a new or well-maintained vehicle without the large upfront cost and long-term commitment associated with purchasing a car. 

Additionally, it provides predictable monthly expenses, which can be beneficial for budgeting and financial planning. This makes car leasing an attractive option for those who want the benefits of driving a car without the responsibilities of ownership.

Top 5 Car Leasing Companies in Singapore

At a Glance

Car Leasing Company

Features

Vehicles

Pricing

Contract Flexibility

BOLT Car Leasing

  • Unlimited mileage
  • 24/7 roadside assistance
  • Flexible leasing options

Economical sedans, luxury SUVs, executive cars

Starts at $1,300/month

Flexible leasing solutions

Global Advance Leasing (GAL)

  • Unlimited mileage
  • Singapore & Malaysia use
  • Comprehensive insurance
  • 24/7 roadside assistance

Economical sedans, SUVs, and luxury cars like BMW 7 series

Sedans from S$70/day, luxury cars from S$150/day

Flexible rental durations

BlueSG

  • 100% electric fleet
  • Point-to-point service
  • 24/7 support

1,000 electric cars

Basic Plan: S$8/month + S$0.33/min, Six-Month Premium Plan: S$18/month + 40 minutes free usage

Short-term rentals by the hour or week

Bizlink Rent-A-Car

  • Competitive pricing
  • Wide range of car selections
  • Unrivaled rental car services

Sedans, SUVs, MPVs, luxury and commercial cars

Monthly rates from S$1,350 (subject to GST)

Flexible rental options

Avis Car Rental Singapore

  • Unlimited mileage
  • 24/7 breakdown assistance
  • Comprehensive insurance
  • Malaysia usage

Economy cars, luxury cars like Tesla, a wide range of models

Monthly rate from S$1,888.88 for Toyota Corolla Altis, S$3,388.88 for Audi Q5

Flexible short-term and long-term leases

Bolt Car Leasing

1. BOLT Car Leasing – Versatile & Reliable Leasing for Personal and Business Use

Bolt is Singapore’s preferred long-term car leasing provider, catering to a diverse clientele including families, travelers, businesspeople, and expats. The company offers a wide range of vehicles, from economical cars to luxury vehicles, SUVs, and MPVs, ensuring that there’s something for everyone. Bolt is known for its hassle-free rental process, allowing customers to spend less time on paperwork and more time on the road.

Features:

  • Unlimited Mileage: Enjoy the freedom to drive wherever and whenever without worrying about the distance covered.
  • 24/7 Roadside Assistance: Drive with confidence knowing that Bolt’s 24-hour recovery service is just a phone call away.
  • Reliable Service and Cars: Bolt prides itself on providing quality vehicles and exceptional customer service, ensuring a smooth and reliable leasing experience.
  • Flexible Leasing Options: Whether you’re on a tight budget or looking for the comfort of a luxury vehicle, Bolt offers flexible leasing solutions to meet your needs and exceed your expectations.

Rates: Competitive pricing that starts at $1,300 per month, providing cost-effective solutions for long-term car usage.

Vehicles: Ranging from economical sedans to luxurious SUVs and executive cars.

Contact Information:

Review:

“Stumbled upon Bolt about 2 years ago when I was looking to lease a car. Experience has always been great from start to end! Always there for me. Very professional and courteous. Thank you for accommodating my needs.” – Yani Sani

Global Advance Leasing

2. Global Advance Leasing – Cross-Border Flexibility & Comprehensive Insurance Options

Global Advance Leasing (GAL) has been a trusted and fantastic car rental company in Singapore since 2001. They offer a variety of car rental options tailored to meet the specific needs of their customers. GAL is committed to providing immaculately maintained cars, competitive prices, and personalized services, ensuring a pleasant and hassle-free car rental experience.

Features:

  • Unlimited Mileage: GAL offers unlimited mileage, allowing customers to drive extensively without worrying about additional costs.
  • Singapore & Malaysia Use: Their car leasing services extend beyond Singapore, enabling customers to drive into Malaysia for greater flexibility.
  • Inclusive of Road Tax and Maintenance: Rentals include road tax and maintenance costs, ensuring customers have a worry-free experience.
  • Comprehensive Insurance Coverage: GAL provides comprehensive insurance coverage, offering peace of mind to customers.
  • Replacement Vehicle: In the event of any issues, GAL ensures continuous mobility by providing a replacement vehicle.
  • 24/7 Roadside Assistance: With round-the-clock roadside assistance, help is always available, no matter the time or situation.

Rates: Sedans start from S$70/day and luxury cars start from S$150/day.

Vehicles: Ranging from economical sedans, SUVs, to luxury cars, such as the BMW 7 series.

Contact Information:

  • Address: Blk 1 Kaki Bukit Avenue 6 #01-04 Singapore 417883
  • Contact Number: +65-9018-0988
  • Website: https://www.gal.com.sg/

Reviews:

“I leased a car with KT Leasing / Global Advance Leasing. I found they were not only the cheapest, but also extremely flexible, efficient and offered great customer service, particularly Charlene and James.” – Joey Nilliah

BlueSG

3. BlueSG – Eco-Friendly & Short-Term Electric Car Rentals

BlueSG is Singapore’s pioneering 24/7 electric car-sharing service, offering a unique point-to-point rental experience. With over 500 locations islandwide and a fleet of 1,000 electric cars, BlueSG provides an eco-friendly, safe, and convenient transportation alternative for residents and visitors alike.

Features:

  • 100% Electric Fleet: BlueSG’s cars are emission-free, silent, and odorless, contributing to a cleaner and greener environment.
  • Point-to-Point Service: Users enjoy the flexibility of dropping off the car at their destination without the need to return it to the starting point.
  • 24/7 Support: Round-the-clock service and assistance ensure a hassle-free experience for users at any time of the day or night.
  • Hassle-Free Experience: Users can enjoy their journey without worrying about insurance, maintenance, or fuel costs.

Rates:

  • Basic Plan: S$8/month with a flat rate of S$0.33 per minute.
  • Six-Month Premium Plan: S$18/month with 40 minutes of free usage.

Vehicles: BlueSG’s fleet consists of 1,000 electric cars, designed for efficient urban mobility. 

Contact Information:

Reviews:

“Love the cute BlueSG car, it’s small, easy to maneuver, and it can be quite convenient to just rent from one place and drop off at another place.” – Ms. Diana Hartono

BizLink Rent-A-Car Pte Ltd

4. Bizlink Rent-A-Car – Competitive Pricing & Wide Vehicle Selection for Diverse Needs

Bizlink Rent-A-Car is a leading provider of affordable car rental services in Singapore. Catering to a diverse range of budgets, the company offers an extensive selection of vehicles for various needs and occasions. Their mission is centered around customer satisfaction, ensuring a seamless and enjoyable rental experience for every customer.

Features:

  • Competitive & Cheap Car Rental Prices: Bizlink Rent-A-Car prides itself on offering competitive pricing, making car rental accessible to a wider audience.
  • Wide Range of Car Selections: Customers can choose from a vast array of affordably priced cars from all brands, ensuring there is a vehicle to suit every need and preference.
  • Unrivaled Car Rental Services: The company is dedicated to providing exceptional service quality, guided by their motto “satisfaction is key.” Their team of efficient and dedicated staff is always ready to assist customers.

Rates: Monthly rental rates usually start from SS1,350.00 (subject to GST)

Vehicles: A diverse selection of vehicles including sedans, SUVs, MPVs, as well as luxury and commercial cars.

Contact Information:

Reviews:

“We leased a car from BizLink for three years. Raymond and the team provided excellent service, they were very reliable and flexible when required. I can only recommend them.” – Mr. & Mrs. Oliver Kolf

Avis Car Rental

5. Avis Car Rental Singapore Unlimited Mileage & Comprehensive Coverage for Local and Malaysia Use

Avis Car Rental Singapore is renowned for being one of the top car leasing companies in the country. Offering a broad spectrum of vehicle types and models, Avis caters to both short-term and long-term leasing needs. Whether you’re planning a spontaneous road trip or need a car for an extended period, Avis has you covered. Their fleet ranges from stylish economy cars to luxurious Tesla models, ensuring a comfortable and stylish travel experience.

Features:

  • Unlimited Mileage: Enjoy the freedom to drive as much as you want without worrying about extra charges.
  • 24/7 Breakdown Assistance: Peace of mind with round-the-clock assistance in case of any vehicle breakdowns.
  • Comprehensive Insurance: All vehicles come with comprehensive insurance coverage for added security.
  • Servicing & Maintenance: Regular servicing and maintenance are included, ensuring that the cars are always in top condition.
  • Malaysia Usage: Flexibility to take your rented car across the border for trips to Malaysia.
  • Free Additional Driver: Share the driving responsibilities with a free additional driver option.
  • Road Tax: Road tax is fully covered by Avis, so you don’t have to worry about additional fees.
  • Free Delivery & Collection: Convenience at its best with free delivery and collection of the vehicle to your preferred location.

Rates: Monthly rental rate starts at S$1,888.88 for a Toyota Corolla Altis and S$3,388.88 for an Audi Q5. You can find more information here.

Vehicles: From Mazda 3, Toyota Yaris Cross, to Mercedes GLB180

Contact Information:

  • Address: 390A Havelock Road #01-07 Waterfront Plaza Singapore 169664
  • Contact Number: +65 6737 1668
  • Website: https://www.avis.com.sg/

Reviews:

“Have been renting from Avis for the past few years and every time Avis has delighted me with super clean and well-maintained vehicles, efficient and friendly service when picking up the cars, and an easy return process. Great on all levels that matters.” – Jun Yu Ong

Comparative Analysis

Each car leasing company has its unique selling points and strengths, catering to different customer needs. BOLT Car Leasing and Bizlink Rent-A-Car are known for their wide range of vehicle options and flexible leasing services. Global Advance Leasing (GAL) stands out for its cross-border usage and comprehensive insurance coverage. 

BlueSG offers an eco-friendly option with its electric fleet and point-to-point service. Avis Car Rental Singapore provides a comprehensive range of services with flexibility for cross-border trips. Customers should choose based on their specific needs, preferences, and budget.

Tips for Getting the Best Deal on Car Leasing

  • Research and Compare: Obtain quotes from multiple leasing companies to compare prices and terms. Don’t forget to look for customer reviews to gauge the reputation and service quality of the leasing company.
  • Negotiate Terms: Don’t accept the first offer; negotiate the monthly lease payment based on the car’s value. For instance, ensure the mileage limit meets your needs and negotiate for a higher limit if necessary without significant cost increases.
  • Understand the Contract: Pay attention to details like termination fees, maintenance responsibilities, and insurance coverage. If anything is unclear in the contract, ask for clarification to avoid misunderstandings.
  • Beware of Hidden Costs: Look out for additional fees, such as acquisition fees, disposition fees, or excessive wear and tear charges. For example, ask if there are penalties for early termination or excess mileage to avoid unexpected costs.
  • Consider Total Costs: Factor in the total cost of leasing, including down payment, monthly payments, and any end-of-lease charges.
  • Understand End-of-Lease Options: Know your options at the end of the lease, whether it’s returning the car, buying it, or leasing a new one.
  • Inspect the Car: Before returning the car, inspect it for any damages that might incur extra charges.
  • Lease During Promotions: Engage dealers during promotional periods for potential discounts or better terms.

Conclusion

Choosing the right car leasing company in Singapore requires careful consideration of various factors, including pricing, contract terms, insurance coverage, and customer service. By understanding your needs, comparing options, and negotiating terms, you can secure the best deal and enjoy the benefits of leasing a car without the long-term commitment and expenses of ownership.

Key Takeaways:

  • Many consumers, particularly younger generations, are re-evaluating the necessity of car ownership due to high financial obligations. 
  • Leasing a car can start from as low as S$1,550.00 per month, offering a more budget-friendly alternative to purchasing a new vehicle, especially for those who do not require a car on a daily basis.
  • Car leasing companies offer a wide range of vehicles, including executive cars, allowing customers to choose a car that best fits their needs and lifestyle without the commitment of ownership​.

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