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 the cheapest cars in Singapore 2023 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 cars in Singapore 2023, 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.
Registration fee and additional registration fee
That’s not all. You also have to consider the registration fee for the cheapest cars in Singapore 2023, 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.
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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 contender for the cheapest cars in Singapore 2023? Take a look at this table below to know the Singapore car price list.
||Price (with COE)
|Suzuki Swift 1.2 Standard A
|Perodua Bezza 1.3 Premium X (A)
|Kia Stonic Mild Hybrid 1.0T EX (A)
|Suzuki Swift Mild Hybrid 1.2 (A)
|Mazda 2 Hatchback 1.5 (A)
|Mitsubishi Space Star 1.2
|Mitsubishi Attrage 1.2 CVT Style (A)
|SEAT Arona 1.0 EcoTSI DSG Style (A)
|Suzuki Jimny 2023
|Honda Jazz Base 1.5 DOHC I-VTEC
Suzuki Swift 1.2 Standard A
The Suzuki Swift 1.2 Standard (A) is making waves in Singapore as one of the most affordable yet stylish cars available today. With its sporty hatchback look and a host of modern features, it’s a vehicle that’s hard to resist.
This vehicle comes equipped with keyless entry and engine start, making your daily commute more seamless than ever. Meanwhile, auto headlights ensure that you never have to worry about turning your lights on or off, and electric folding side mirrors add both convenience and safety to your driving experience.
Safety is paramount in any vehicle, and the Suzuki Swift 1.2 Standard (A) doesn’t disappoint. It boasts six airbags, providing peace of mind for both the driver and passengers. Whether you’re driving around town or embarking on a longer journey, you can feel secure knowing that you’re well-protected in case of an accident.
Another impressive aspect of this car is its exceptional fuel efficiency. You can enjoy fuel savings of up to 24.4 kilometres per litre.
Under the hood, the 1,197 cc engine enables the car to accelerate from 0 to 100 kilometres per hour in just 12.2 seconds.
Perodua Bezza 1.3 Premium X (A)
Imagine a car that’s not just reliable but also smart and efficient. That’s exactly what the Perodua Bezza 1.3 Premium X (A) offers. Even if you’re not a car enthusiast, you’ll appreciate this vehicle.
This car is made by Malaysia’s most reputable car manufacturer, which means it’s built to high standards of quality and safety. One of the standout features is its VVT-i engine so it’s designed to be very fuel-efficient.
This car also comes with an Advance Safety Assist system which acts like an extra set of eyes on the road. It helps you stay safe by warning you about potential dangers and even assisting with braking if needed so that wherever you are, you can feel more confident behind the wheel.
Need to carry a lot of stuff? No problem. The Perodua Bezza has a surprisingly spacious 508L boot space which is notably larger than other cars on this list.
Additionally, this vehicle has a lightweight engine made by Toyota. Toyota is known for making engines that are not only fuel-efficient but also durable, so you can trust that your car will last for years to come.
Its smart entry with a Smart Key push Start/Stop button also ensures you can save time since you don’t need to fumble around with keys.
Kia Stonic Mild Hybrid 1.0T EX (A)
If you’re in Singapore and in search of an entry-level car that combines style and efficiency, the Kia Stonic Mild Hybrid 1.0T EX is worth considering since it offers a blend of petrol and electric power. It’s an eco-friendly option that helps you save on fuel costs while reducing your carbon footprint.
For an entry-level car, the Kia Stonic doesn’t compromise on performance since it can accelerate from 0 to 100 kilometres per hour in just 10.4 seconds. Whether you’re merging onto the expressway or navigating city traffic, you’ll appreciate this feature.
Inside, you’ll find a comfortable and stylish interior with leather seats, while safety features like six airbags, electric folding side mirrors, and a reverse camera provide peace of mind on the road.
With its spacious boot space and eye-catching exterior design, the Kia Stonic is a well-rounded option for your daily commute and adventures around town.
Suzuki Swift Mild Hybrid 1.2 (A)
Looking for a sporty-looking hatchback that won’t break the bank? The Suzuki Swift Mild Hybrid 1.2 fits the bill. This Japanese gem is not only stylish but also bears a striking resemblance to the Mini Cooper Countryman, which comes with a much heftier price tag.
With a price just shy of S$140,000, the Suzuki Swift offers an affordable entry into the world of sporty driving. It can go from 0 to 100 km/h in a respectable 12.2 seconds.
Keep in mind that, when it comes to cargo space, the Swift has a slightly smaller boot capacity of 265 litres. So, if you’re a frequent hauler, you might want to weigh your storage needs.
In terms of modern conveniences, it boasts auto headlights, electric folding side mirrors, keyless engine start, and an impressive safety package complete with six airbags. Plus, it’s equipped with a reverse camera to simplify parking or manoeuvring in tight spots. Its Bluetooth connectivity also ensures you stay connected while on the move.
Mazda 2 Hatchback 1.5 (A)
The Mazda 2 Hatchback 1.5 ticks all the right boxes for those seeking a dependable vehicle in Singapore.
It features a 6-speed automatic gearbox which gives you a smooth and responsive driving experience. It also has an impressive fuel efficiency, delivering approximately 18.5 kilometres per litre.
This car also doesn’t disappoint when it comes to features. The multi-function steering wheel puts control at your fingertips, making it easier to manage various aspects of your driving experience.
Mazda’s KODO design philosophy ensures that this car not only performs well but also looks stunning.
Additionally, it features the Mazda Connect system, which includes an advanced touchscreen infotainment system. It’s intuitive and easy to use, providing you with entertainment and connectivity options while you’re on the go.
Moreover, the Mazda 2 Hatchback 1.5 boasts the Skyactiv Technology which includes a suite of innovations that maximise driving dynamics and efficiency.
Mitsubishi Space Star 1.2
When it comes to affordable family cars in Singapore, the Mazda 2 Hatchback 1.5 is an incredible budget-friendly option.
It shares a similar engine and capacity with the Attrage but differs notably in its body style and size. What sets this hatchback apart is its small turning radius, making it a breeze to navigate through tight city spaces.
The addition of new LED headlamps not only enhances its visual appeal but also improves visibility on the road, a welcome safety feature.
But that’s not all. The Mazda 2 Hatchback 1.5 is packed with amenities that elevate your driving experience. The keyless operation system simplifies entry and ignition and the advanced safety features provide peace of mind for you and your passengers.
Beyond its design and convenience, the Mazda 2 Hatchback offers excellent fuel efficiency, making it an ideal choice for longer drives. Its 1.2L MIVEC engine, combined with class-leading fuel efficiency at approximately 21.2 kilometres per litre, ensures that you’ll spend more time on the road and less at the gas station.
Whether you’re commuting or embarking on a family road trip, this car’s versatility and fuel efficiency make it a practical and cost-effective choice for Singaporean families.
Mitsubishi Attrage 1.2 CVT Style (A)
While this car is known as a private-hire option, it still offers excellent value for all buyers.The Mitsubishi Attrage 1.2 CVT Style has recently received equipment upgrades, including the convenient keyless engine start/stop button, mounted audio controls for easy access to your music, and a crisp 7-inch infotainment display.
When it comes to safety, the Mitsubishi Attrage comes with six airbags for comprehensive protection. Auto headlights ensure you never have to worry about adjusting your lights, while active stability control and electronic brake-force distribution enhance overall safety.
The practical 450-litre boot provides ample storage space for your needs, whether it’s groceries or luggage.
Moreover, this vehicle has a Cruise Control function, simplifying long drives by maintaining a fixed speed with just the push of a button.
Plus, with a remarkable fuel efficiency of 20.4 kilometres per litre, the Mitsubishi Attrage is not only budget-friendly but also an eco-conscious choice.
SEAT Arona 1.0 EcoTSI DSG Style (A)
With its spirited engine, exceptional fuel economy, and a suite of modern features, the SEAT Arona 1.0 EcoTSI DSG Style is a well-rounded choice for everyone. This car from the renowned Spanish car manufacturer is a compact SUV. Under its stylish exterior lies a potent 999cc engine that allows it to accelerate from 0 to 100 km/h in just 10 seconds.
When it comes to practicality, the SEAT Arona shines with its generous 400-litre boot space. This ample cargo area provides versatility for everyday needs.
This entry-level vehicle also doesn’t skimp on the bells and whistles. It comes loaded with an array of features designed to make your driving experience more convenient. Auto headlights ensure that you always have the right visibility, while electric folding side mirrors add a touch of modernity and practicality. The multi-zone air conditioning system keeps you and your passengers comfortable in any weather, and Bluetooth connectivity ensures seamless integration with your devices.
The built-in navigation system takes the stress out of finding your way, while the inclusion of six airbags and a reverse camera enhances safety and peace of mind on the road.
Suzuki Jimny 2023
This is easily one of the most eye-catching vehicles on the market with its distinctive and rugged boxy design.
What makes the Suzuki Jimny 2023 unique is its off-road capability, thanks to rigid axles and a four-wheel-drive system with a low-range transfer gear. Whether you’re into off-roading adventures or simply need a reliable city car, the Jimny can handle both with ease.
It has a 1,197cc engine that strikes a balance between power and efficiency. It also offers an average fuel economy of around 16.32 kilometres per litre, making it a practical choice for both daily commutes and longer drives.
Honda Jazz Base 1.5 DOHC I-VTEC
The Honda Jazz is powered by a cutting-edge DOHC i-VTEC engine so it seamlessly combines high fuel efficiency with minimal environmental impact. This ensures gentleness on the planet.
For those seeking optimal fuel savings, the Jazz offers both an ECON mode and cruise control function, giving drivers even more control over their driving experience.
When it comes to efficiency, the Honda Jazz boasts impressive figures, with the CVT variant claiming a fuel efficiency of 16.6 kilometres per litre, and the manual transmission variant achieving an even better 17.5 kilometres per litre.
Other features of his vehicle include a multi-angle rearview camera, anti-lock braking system, emergency stop signal, and hill start assist to enhance your driving experience.
With a total of six airbags, you and your passengers can travel with confidence, knowing you’re well-protected in case of an unexpected event. Additionally, the electric parking brake adds convenience to your daily routine, reducing the need for manual footwork during parking manoeuvres.
Is it still ideal to buy a car in Singapore today?
Ultimately, the answer depends on you. While owning a car in the country can be quite expensive, the benefits you can enjoy from having the cheapest cars in Singapore 2023 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.
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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 cars in Singapore 2023. 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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