What Are the Cheapest Cars You Can Buy in Singapore Today?

The benefits of having a car are undeniable. However, it’s no secret that the convenience offered by even the cheapest car in Singapore still comes with a hefty price tag. With increasing car prices each year, you may think that your options for cars are very limited. However, the opposite is true.

If you’re looking for cost efficient cars in Singapore, you’d be surprised to know that there are tons of options for you. Whether you’re looking for your first vehicle or your second one, we’ve gathered the ultimate list of cost-efficient cars you can purchase in Singapore

Here at OMY Singapore, you will discover the following:

What You Need to Know Before Buying Cheap Cars in Singapore

When it comes to buying the cheapest car in Singapore, the car cost is not the only thing you need to worry about. Here’s why cars are so expensive in Singapore.

You may already know that there is no way to avoid taxes when paying for cars in Singapore, even the cheap ones.

Taxes in the country tend to be higher compared to other nations since you have to factor in the Open Market Value of OMV, which is the basic cost of purchasing, insuring, and shipping vehicles from manufacturers into the country. This amount is determined by Singapore’s customs and is roughly the equivalent price of a car.

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Additionally, you have to take care of excise duty, which is around 20% of the OMV, as well as Goods and Services Tax or GST.

That’s not all. You also have to consider the registration fee for cars, which has a flat rate of S$220. Moving on, there is also an Additional Registration fee, which is calculated based on the OMV of a car.

You also need to settle the Certificate of Entitlement of COE, which is given by the government to limit new cars to be permitted on the road. This is based on car population targets.

Think you’re done with the additional charges? No such luck. Car buyers also have to shoulder the sales margin for car dealers. This is usually 10% to 30% of the car price. Of course, you should not forget to account for petrol.

More from OMY: 6 Best Petrol Credit Cards in Singapore

Considering all these added expenses, owning and using a car in Singapore is a huge undertaking. Before buying a new car, you must ensure that you can afford it.

Cheapest Car in Singapore: The Ultimate List

With hundreds of the best affordable cars in Singapore, it’s hard to know which one will fit you best. To help you make a more informed choice, here are your best options.

Don’t have enough time to read through each car? Take a look at this table below to know the Singapore car price list.

Car model Price
Mitsubishi Attrage 1.2 S$105,999
Perodua Bezza 1.3 Premium X S$89,000
Perodua Axia 1.0 Standard G (A) S$68,000
Honda Fit 1.3 S$120,000
Nissan Sylphy 1.6 Lite Facelift (A) S$92,000
Nissan Note 1.2 (A) S$75,888
Mitsubishi Space Star 1.2 CVT Style (A) S$116,999
Kia Stonic EX 1.0 T S$97,999
Perodua Myvi 1.3 X S$69,999

Mitsubishi Attrage 1.2

Price: S$105,999

If you’re looking for cheap cars in Singapore, this sedan is a wonderful option. In fact, it’s one of the most affordable yet reliable cars you can find today. Despite being small, it has ample space inside and can fit up to 5 people comfortably. The boot space also has a 450L capacity which makes it perfect for those who are always on the go.

Because this cheapest new car in Singapore also has a small engine, it can also help you save on Petrol. This car has a quoted fuel average consumption of 20.8km/litre, which is an impressive feat for a small car.

Perodua Bezza 1.3 Premium X

Price: S$89,000

This is one of the best affordable cars you can find today. It is produced by the leading manufacturer in Malaysia.

The most notable feature of this car is its dual VVT-I engine which makes it more fuel efficient. Aside from that, this cheapest car in Singapore also boasts an Advance Safety Assist system that supports drivers. This relatively spacious vehicle may look small on the outside, but it can fit up to five people, with a good amount of legroom.

If those are not enough to make you want to get this car, perhaps the spacious 508-litre boot space will. The fuel consumption of this car is around 21 km/litre.

Perodua Axia 1.0 Standard G

Price: S$68,000

If you’re looking for the cheapest new car in Singapore that can get you from Point A to Point B without any hassle, this is a car worth considering. This cheapest car in Singapore provides great value for money since it features Toyota’s VVT-I technology engine, but for a fraction of the price.

When it comes to mileage, this is one of the ultimate cost-efficient cars you can find. The fuel consumption of this cheapest car in Singapore is an impressive 21.6km/litre. This makes it great for families. It’s also a top choice for individuals who are looking for an affordable car with a decent aesthetic value.

Honda Fit 1.3

Price: S$120,000

When it comes to the best small cars in Singapore, this option is a standout. It has a surprisingly flexible and spacious interior and offers amazing fuel economy.

This cheapest car in Singapore looks very sporty. Although it looks very the same as previous models, the look has aged well throughout the years. The suspension of this car is also worth noting so it’s great if you want to drive on rough roads. The illuminated driver’s window as well as its multifunction steering wheel make it so fun to drive. The entertainment system is also incredible for a small car.

Nissan Sylphy 1.6 Lite Facelift (A)

Price: S$92,800

Although this cheapest car in Singapore has been around for a while, it’s still a favourite of many. It gives great value to its users, especially because of the facelift the new model has gotten. This improvement can be seen in its equipment and design. Although the mechanical aspect of this model is still the same, it’s very easy to drive thanks to its light steering. The suspension also does well in soaking up bumps in the road, and the insulation is noteworthy for an affordable car.

When it comes to practicality, there’s no doubt that cheap cars like this will meet all your needs. Even passengers will love the legroom of this car which does wonders in giving them comfort. It even has a 510-litre boot which is bigger than other boot spaces on this list.

Nissan Note 1.2 (A)

Price: S$75,888

This generation of the famous Nissan Note has the shape of a hatchback which makes it one of the most stylish and best affordable cars you can get today.

The new body structure also makes its interior space larger. The sporty look of this car is made even better by its dynamic roof life which stretches from the front to the design on its side. When it comes to fuel efficiency (20km/litre) and performance, young buyers will surely appreciate this car.

Mitsubishi Space Star 1.2 CVT Style (A)

Price: S$116,999

If you are looking for small cars in Singapore but can still fit your friends or family, the Mitsubishi Space Star 1.2 is an awesome choice.

This car comes with 6 airbags, and even boasts other features such as auto headlights, electrical retractable side mirrors, and keyless engine start. When it comes to its fuel efficiency, it consumes 21.2km/litre, which makes it a great choice for potential users whose priority is value for money. Because of its size, it’s also very easy to park.

Kia Stonic EX 1.0 T

Price: S$97,999

Most of the cars we listed here are some of the best small cars in Singapore, but this car is a Sports Utility Vehicle or SUV. This is one of the cheapest cars in Singapore you can get, especially if you want a larger car.

This compact yet powerful vehicle is great for city driving, and even for more rugged terrains. The fuel consumption of this car is quite subpar compared to other options on this list at 14.3km/litre.

Perodua Myvi 1.3 X

Price: S$69,999

This vehicle is more premium than the Perodua Bezza. It has 4 airbags, and the size is also bigger. This hatchback also looks quite sporty, and the exterior elements like the LED headlamps are worth noting.

This car has a boot space of 277 litres, and its wide size is great for those who want to prioritise ease of loading/unloading. Additionally, this car is extremely comfortable, and the acoustic windshield is great for any type of travel.

Is it still ideal to buy a car in Singapore today?

Ultimately, the answer depends on you. While owning a car in Singapore can be quite expensive, the benefits you can enjoy from having a car will make your quality of life better.

Although the public transport in Singapore is already good, having the luxury of hopping into your car and driving yourself anywhere is extremely attractive. When you have the cheapest new car in Singapore, it’s also extremely useful in times of emergency if you don’t have time to wait for a car booking to arrive.

More From OMY: How To Buy A Car In Singapore: Guide To Owning Your First Car

A Word From OMY

One of the major complaints of Singaporeans is that it’s so expensive to own a car in the country. Even outsiders choke in disbelief after they find out the car prices here. Thankfully, you can offset the cost once you buy the cheapest car in Singapore. Whether you love compact sedans, hatchbacks, or SUVs, you can surely find the right car for you in the list above.

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