Long-Term Car Rental in Singapore: Is It Cheaper Than Owning in 2025?

Let’s not sugarcoat it, owning a car in Singapore in 2025 is a financial monster.

COE prices are still climbing past the $100K mark, and that's before you even factor in the cost of the vehicle itself, road tax, insurance, maintenance, and the never-ending depreciation. For many, car ownership here feels more like a financial trap than freedom.

Which is exactly why long-term car rental is exploding in popularity right now.

So the real question is: Is long-term car rental actually cheaper than owning?
Let’s break it down, fast.

Why Car Ownership in Singapore Is Out of Reach for Most

Buying a car used to be a milestone. Now, it’s a massive liability.

Between the skyrocketing COE, downpayment, loan interest, maintenance, repairs, insurance, and road tax, you're easily looking at $1,800–$2,000 a month just to keep the car parked in your driveway, whether you drive it or not.

And don’t forget depreciation. That shiny $100K vehicle? It’s losing value every month whether you’re using it or not.

So unless you're a daily road warrior racking up 30,000km a year, you’re paying premium prices for something that sits idle 80% of the time.

Long-Term Car Rental: The Flexible, Smarter Alternative

Enter long-term car rental, a solution designed for modern drivers who want freedom, not financial handcuffs.

With providers like Stark Rental, you can rent a car on a monthly basis with everything bundled into one flat fee. That means:

• No COE

• No road tax

• No servicing costs

• No insurance headaches

• No long-term commitment

You pay a fixed monthly rate (typically between $1,200 to $2,500, depending on the car model), and that’s it. No hidden charges, no repair shocks, no resale value stress.

It’s all-in, upfront, and predictable, which is what more Singaporeans are looking for in today’s economic climate.

Is It Really Cheaper?

Here’s the brutal truth: If you’re not driving your own car every single day and even if you are, long-term rental often works out cheaper over a 2–3 year period.

Think about it. You skip:

• $100K+ COE

• High annual insurance

• Unexpected maintenance bills

• Huge depreciation losses

And instead, you get:

• A new or well-maintained car

• Transparent costs

• 100% flexibility to upgrade, swap, or stop anytime

So yes, you get the same convenience of driving, without the financial baggage.

Who Should Be Renting Instead of Buying?

Long-term rental isn’t for everyone. But if you fall into any of these categories, it’s likely the smarter play:

• Expats who need a car for 1–3 years but don’t want to drop six figures

• Families who want flexibility to change car sizes or avoid maintenance surprises

• Young professionals who want to drive without locking up capital

• Anyone waiting out COE madness before buying

• Business owners who want tax-deductible vehicle expenses without fleet headaches

Bottom line? If your life is flexible, your car solution should be too.

Why Choose Stark Rental?

There are plenty of rental companies out there, but Stark Rental stands out with:

• Transparent pricing (no hidden fees)

• All-inclusive rental plans

• A wide selection of clean, modern vehicles

• Reliable customer support

• Simple onboarding and zero-nonsense contracts

Whether you’re looking for a sedan, SUV, or even a short-term luxury ride, Stark Rental gives you premium service without the premium stress.

Final Word: The Smartest Way to Drive in 2025

Owning a car in Singapore today doesn’t just cost money, it burns money. Unless you absolutely need to own for business or tax reasons, long-term rental gives you flexibility, freedom, and massive financial savings.

You don’t have to pay six figures to drive in 2025.
You just need a smarter plan.

👉 Ready to drive smarter?
Check out Stark Rental’s long-term car rental plans and experience driving without the debt, stress, or hidden fees.