Car ownership is not cheap in Singapore. Here’s how much it costs to maintain a car.
Owning a car in Singapore is incredibly expensive and can easily cross the S$100,000 mark.
Not only is the upfront cost high, significant recurring costs can come from paying road taxes, insurance and petrol amongst others.
Maintaining your car in tip-top condition becomes very important as it helps reduce some of these recurring costs.
If you are thinking of selling your car, regular servicing will also help retain your car’s resale value.
After analyzing prices and quotes from close to 100 workshops on our platform, we find that the annual cost of regular servicing is around $500 while the cost of ad-hoc servicing or repairs is an additional $300.
This does not include ad-hoc repairs or maintenance. On average, car owners could end up spending an additional $300 each year to fix failing car batteries, scratches, punctured tyres, etc.
This brings the total cost to a hefty $800 per year.
However, whether or not the additional $300 is spent is heavily dependent on how disciplined a car owner is in servicing the car, as well as whether or not the car gets into accidents that require repair.
Costs of servicing at authorized workshops tends to be higher but that also comes with better services (comfortable waiting spaces, coffee service, etc.).
Our analysis suggests that servicing at authorized dealers can cost somewhere between 2-3 times the price at an independent workshop.
Finding both reliable and affordable workshops was difficult in the past. Today, Steer equips car owners with reviews and prices to compare across workshops.
Find a workshop suitable for your car here or simply
chat with us for recommendations and quotations.