From the 2nd offer in May 2023, the COE price for Cat A cars is $92,000, while Cat B is $113,034.
In Singapore, it's hard to put the word "value" and "car" in a sentence. With a COE of over $90,000 today, there's almost no way to find value for money cars in Singapore right now, especially if you're looking to buy a brand new car.
However, for some car owners in Singapore, a car may be necessary. If you have a large family with small children and elderly parents, or if your workplace is very far from your home, you may need to have a car.
Depending on your needs, the "best" car for you will vary. In this article, we take a look at some of the best budget cars in Singapore that you can buy.
Note: At time of writing (May 2023), Class A COE rates are $92,000. $113,034 for Class Tire $125,000 for Class E. Prices are from authorized dealers.
Automatic "Point A to Point B".
If you need a car to get around, whether it's to send your kids to school, your elderly parents on their errands or from Jurong to Changi for work, the aim should be to get a 1)reliable carwhich has 2)good fuel economy, while 3) keep your costs to a minimum.
You should probably buy a used car.
Option in 2023 - Buy a used car with a warranty on major parts
For 2023, our advice is to buy a used car.
Ideally, the used car you buy should come with a warranty from a reputable dealer.
This is because when you buy a used car, nobody wants to buy onecitroen. ONEcitroenis a car that the car dealer already knows will have significant problems and defects when selling the car to you.
That's why it's helpful to buy a used car from a reputable dealer with a warranty on important parts. With the warranty, a trusted dealer is obligated to help troubleshoot if there are problems with major components. This will give you some peace of mind.
Such a trader would beInchcape certified, pre-owned. Inchcape is the parent company of Borneo Motors, the authorized dealer in Singapore for car brands such as Toyota and Lexus. All cars purchased through Inchcape come with a 12 month/20,000 km warranty, whichever comes first.
With used cars, it's possible to buy one for less than $13,000 a year in depreciation. That means you'll be paying an average of about $1,000 a month for the car.
For example, we can see above that the price of a 4-year-old Suzuki Swift is $74,800, which equates to a depreciation of about $12,400 per year, or about $1,033 per year. Since the dealer also gives a 1 year warranty, you will be hard pressed to find a reliable and economical car at this depreciation level right now.
Not cheap, but at least acceptable if all you need is a reliable car that can get you from point A to point B.
The couple's car
It's just the two of you and occasionally friends or family come over. You don't plan to start a big family anytime soon. For now, style is over substance, and you want a nimble car that will take you around town and squeeze through traffic with ease.
2023 Option - Suzuki Swift 1.2 Standard (A) ($128,900)
At $128,900, a brand new Suzuki Swift 1.2 Standard (A) is one of the most affordable cars on the market right now. That means a depreciation of about $12,800. However, the price is not the only attractive point.
With the usual sporty hatchback looks, the Suzuki Swift comes with the usual features you'd expect from a modern car, including power-folding side mirrors, keyless entry and engine start, Bluetooth and automatic headlights.
The standard version already has six airbags and is a mild hybrid car with excellent fuel economy of up to 24.4 km/l. The 1,197cc engine propels the car from 0-100km/h in 12.2 seconds.
A 7-seater for large families
For those of us with large families, we'd like to opt for a 7-seater vehicle that offers more seating for everyone.
2023 Option - Honda Freed 1.5 S7(A) ($71,999 / Q. COE) ($163,999)
While we accept that the Honda Freed is unlikely to win an aesthetics competition any time soon, it won't be hard for anyone to argue against the practicality it provides for drivers who need a seven-seater.
For starters, at just $71,999/Sq. COE (approx $163,999 with CAT A case $92,000 COE), is among the cheapest 7-seaters you can buy in Singapore today, second only to the Perodua Aruz ($155,999). ).
Displacing 1,498cc, producing 129bhp, it qualifies for the cheapest CAT COE. While you have minimal space with all 7 seats in use, you'll have quite a bit of luggage space with the third row folded down. The power sliding door makes it easy for rear passengers to get in and out of the car.
An electric car
The electric car is the future, and like the Singapore government, you're ready to get on board.
Pick 2023 – Polestar 2 Electric (243.000 $)
At $243,000, the Polestar 2 (Polestar is part of the Volvo group) isn't the cheapest electric car on the market. Assuming budget isn't the main concern, what you get with this imposing electric car could well be worth buying.
Let's start with the specifications. The Polestar 2 Standard Range Single Motor is available with a power output of 69 kWh producing 228 hp and 330 Nm of torque. This accelerates the car from 0-100 km/h in 7.4 seconds. And if that wasn't enough, remember that this is an electric vehicle, so there's no lag when pulling away from a stop, and you'll likely find yourself one of the fastest cars in line at the traffic lights. The range is 470 km.
In terms of features, you get a lot of what you would expect from a luxury sedan. These include 8 airbags, navigation system and car voice control, power tailgate, power seats for driver and passenger, multi-zone climate control and much more.
In terms of space, you get both a boot and a frock. So this is great for families with young children who value both space and safety.
We tested this car last year, so if you're interested in getting one, read our review of itPolestar2 here.
Luxury European brand
Not that the Polestar 2 isn't a luxury European brand, but if you want a more familiar internal combustion engine (ICE) car that will impress others, whether for work or social status, you may prefer this class.
Option in 2023 – Audi A3 Sportback Mild Hybrid ($202,019)
While the Audi A3 can be considered an entry-level model for those looking for the Audi brand, the Audi A3 Sportback is a popular car for drivers looking for a luxury European brand but looking to go above and beyond the usual sedan or SUV.
While $202,019 is a lot of money given current COE prices, what you're paying is still far less than other luxury cars like the Audi A4, Mercedes C-Class or BMW 3 Series, which will cost more than $250,000.
With the Audi A3 Sportback, you have the iconic four rings that help people remember you're driving an Audi. In terms of performance, the 999 cc engine takes the car from 0-100 km/h in 10.6 seconds with an impressive fuel consumption of 22.7 km/min.
In terms of features, you get everything you're likely to need and expect in a modern car. Bluetooth technology, power seat for driver and passenger, multi-zone climate control, auto-dimming mirror, cruise control, lane departure warning and more.
Read also:The cheapest cars you can buy in Singapore
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