Is Car Sharing Really Cheaper Than Car Ownership In Singapore? | Talking Point | Full Episode



Want to enjoy the benefits of driving a car, but don’t want to deal with the costs of owning one? Car sharing is an option.

An entry-level car owner in Singapore will spend around S$2000 a month on their car, but car sharing might be an option for those who choose not to pay that price. With car sharing companies popping up every year between the spell of 2016 to 2021, this mode of transport is fast gaining traction, but is it worth the time and the money?

Steven Chia takes to the road, in different car sharing vehicles, for a single week to find out what role car sharing plays in our future.

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29 thoughts on “Is Car Sharing Really Cheaper Than Car Ownership In Singapore? | Talking Point | Full Episode”

  1. Car sharing is make sense for me as a person who doesn't own a car only if these conditions are met. More than 3 destinations in one trip, the destination is inaccessible by public transport, ferry my 5 family members with kids can be more economical for short distance and just a few hours, and fun for driving occasionally.

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  2. DO NOT BE CHEAP if you are looking for convenience / luxury just go buy a car which would fit you best forget about the nickel and dime idea let yourself live your life a little you only live once

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  3. I think when factoring the resale value of the car it could have dramatically brought the monthly cost of the car down, assuming at some point you no longer need it due to change in lifestyle or work location etc.

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  4. Bro Steven, I would like to know more about your story with your lovely mint Mercedes classic. Just how tough or challenging is it keeping that classic Merc with COE and parts scarce in Singapore. Been eyeing your Merc since your first video.

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  5. as usual, the video topics are very timely, i have been wondering for some time! thanks for the analysis! any chance a HDB topic? i need some analyst to tell me current HDB resale prices are reasonable :')

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  6. When you(Steve) live in a condo/land area, there is not much car sharing option around you. But if you live in an HDB, there are a lot of service providers available.
    Although car sharing has a lot of issue and need to improve, I prefer using car sharing service as I have less liability in terms of living cost.

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  7. The government halving carpark lots in "Carlite" neighbourhoods, you buy car no use, your house is a worthless place that have no place to park. Talk about gentrification, how to gentrify if people with money got no place to park? Its just poor people honestly.

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  8. 10 years revert to Zero X numbers + 99 years revert to Zero, easily close to a million$ gone into their POCKETS. Nothing beneficial in return + "core" nationality dilution, cramped public transport, people breathing into your face, in the lift etc…
    Going to improve? No, is the Opposite [Carbon Tax like GST Tax] – Time for Change.

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  9. this doesnt take into consideration time spent to book and getting to/from the Shared Car, cleaning, risk of accidents and damage where liabilities are not in the favour of the user

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  10. Note the driver who got into the accident refused to answer the question of how fast he was driving. lol.
    Have seen too many times of bluesg cars driving insanely because of the time limit and the excess time charge.

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  11. Singapore has the highest car rental users in percentage in the world is because Singapore car is the most costly in the world. I have used car rentals for several months and tried several companies including tribecar and bluesg. The savings by car rental over car ownership is really not worth it for me, even if the saving can be $1000. The biggest issue is that most of the time I need car at last minute and there is no rental car available. Second concern is the high insurance excess cost that makes me nervous when driving. And then there is the hassle of going to get the car with 10min walk to the car and then drive to my home to pick up my family members. So no more car rental for me. I'd rather use public transport and Grab/Taxi, or own a 2nd hand budget car.

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  12. Perhaps we could also consider the time factor for car-sharing vs car ownership. Having to take a 30 minutes bus ride to the car each way result in a 1 hour bus commute each day. Time is also spent on cleaning the car inferior and taking photos of the exterior damages. The low availability of cars also makes it tough for last minute plans. Car sharing may suit certain individuals but it is certainly not for me.

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  13. What I'm waiting for is more ad hoc motorcycle rental. The only reason why I deposited money into Tribecar is because of the motorcycle rental Hahahaha. For the most parts car rental is worth it ironically if you plan to travel when there is no more public transportation 🤣

    Reply

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