Literally got 0 knowledge from this whole discussion hahas

I think it would have been more helpful if you invited someone who does car leasing join the discussion. That would have answered the questions more definitely. I also don’t think “Audi on Demand” is an appropriate example of leasing, but is to allow potential customers the chance to experience to longer “test drives”. Your points are valid on leasing being more attractive to companies who want to control cash flow and foreigners on short-term postings in SG.

Leasing is great if u want to drive a different car every 2-3 years - even brand new cars. Leasing also takes away the stress of maintainance or breakdown plus u dont hv a loan. Yes its abit more monthly but i dont hv to worry abt getting rid of the car after 2-3yrs. Have been leasing for 6years n driving premium cars like BMW n Audi

There is also the Lease To Own option which still have a commitment period but with a lower downpayment (or deposit).

Really puzzled how leasing can be cheaper than owning a car. Great if further explanation or some examples can be provided. Simple search across leasing company sites and main distributor sites seems very clear that leasing is waaaay more expensive than owning the same car. E.g. Audi A4 2019 model cost above $2000 to lease per month; or $24000 per year. Owning the same car probably cost one $12-15k max a year including servicing, insurance, road tax, etc.

@mikeong80

2 жыл бұрын

Have you include depreciation cost and interest cost? That is another $1k+ to owning cost.

@_gwidyd7362

10 ай бұрын

Yup. Buying is cheaper n money back when sell

Can you guys do a episode on differences /pros and cons between cars bought from HQ vs PI

Off topic: Where can I purchase those car pictures on the wall in the background?

so what is the take home ah? should i buy or lease? I think leasing are also suitable for another group of audience where they wanna get around the finacial system. if you buy a car you will need to take a loan and your credit rating will get affected. i know someone who only lease car because he own 2 properties and bank allow him to loan for both. so there is also another beauty about leasing.

Leasing a vezel sets you back by 2k a month. per year depre is 24k. that's why leasing is not so widely adopted in SG.

What u get from leasing is basic. Basic features like only 2 airbag, basic tyre, some model even no sport rim. But it include road tax, insurance, servicing & replacement car if cant repair on the spot

@TheChimpenchen

2 жыл бұрын

So is it true that leasing will in fact be cheaper than owning one?

leasing i prefer, can change cars every few years, wont get stuck with the same car for 10 years and any time can give up car without having to have headache of finding buyer.

Nice, thanks ash

Any leasing companies to recommend?

Desmond is taking too much space of the seat that makes Julian feels uncomfortable. haha

In summary, if u are rich buy a car, if u are average rich lease a car but if u are poor SMRT and SBS are a better choice. :)

wheres idris 😔

@NigelYongKC

2 жыл бұрын

kzread.info/dash/bejne/e3d-1ZN8qKa4pJM.html

You buy/own assets and you lease liabilities. Cars are liabilities from which ever angle you look at it. For bread and butter japanese cars, buy when COE is low. Can also buy used. You lease the troublesome marques like BMW, Audi, Merc, Porsche and let the car company bear the risk of breakdowns and repairs (especially for the high power models). And you also lease after age 60 because your time left on earth is short.

@benjamingoh5585

2 жыл бұрын

these people are not the right persons to talk about this topic

Leasing scheme is great for the common daily users, not for someone who worry about brand or wish to modify their cars. It saves the leaser the concern of road tax, servicing or spare parts..

Buying a van instead?

why not just wrap the car and then remove it when lease is ending?

@benjamingoh5585

2 жыл бұрын

it is not true that u cant wrap ur car... it is based on the LTA registration. and also depending on ur contract with the leasing company, some also allow u to do those cardecal thing to earn money!

@3asonchan

2 жыл бұрын

@@benjamingoh5585 what has lta reg got to do with customising the car

If you lease a car for more than 4 years, it'll cost just as much as owning a car for roughly 9 years. A 2 year old civic will stretch you abt $2k a mth...times 4 years will be $96k. Any moron will know you can buy a 1 year old civic with that kind of money. You don't need a rocket scientist to calculate simple math.

@singlehorn2520

2 жыл бұрын

Definitely true. But as pointed out, people who lease probably don't have or don't wish to place the downpayment. Buying is definitely cheaper compared to leasing IF you decide to drive the car for longer term.

It’s like kopitiam kopi so much cheaper than Starbucks but why people are queuing for it? It’s a sense of social status, stigma and branding effect from the company.

@XducationAI

2 жыл бұрын

Very true. People buy through emotions and less on logic

@yeowk1989

2 жыл бұрын

@@XducationAI yes indeed. But sometimes i think it is alright to let emotions override a little bit to enjoy our life a little more, haha

This segment was so badly done and short sighted. I mean if u are a very old person and ur insurance is very high sometimes it makes more sense to lease a car and the car company has a corporate insurance car contract. Leasing is usually more expensive that paying the car upfront but at least all maintenance and road tax is paid by the car. there are so many reasons... i think these 3 people who own their cars are not the right person to talk about this topic at all.

No, seriously; no matter how much and how you've acquired "your" car, ultimately the fact is you can't keep it past 10 years unless, you PAY tens of thousands for a Certificate of Entitlement - again. So in truth your car can NEVER TRULY be, "yours". So for this reason I don't bother to wash the car I'm paying for weekly, neither do I bother waxing it, I just keep the interior clean and vacuumed, and service the engine on scheduled intervals according to mileage clocked. The exterior which I used to care about some time ago, no longer matters to me. In the end it's just a rental car and a pile of scrap metal.

@jerrymoney1479

2 жыл бұрын

I agree and feels the same. It’s madness here to even own one!!! So I don’t bother and stuck with COE Vios cars for work period!!! Basically throwing money away when we need a car in Sg!!

Buy if u have money. Lease if you don’t.

Not sure if any leasing company is sponsoring this video, but i think Jonathan is the only saint one here, he seems like wanting to say certain things but afraid of angering the sponsors or something though. One thing for sure, leasing in SG is never ever going to be better than buying, unless you are really rich. Yes, in stark contrast to what they have mentioned. Leasing in SG will be much much more expensive than buying as leasing companies is pressured to "earn" back their money together with the COE within the 10years span. Leasing in SG can never be compared to leasing overseas or any other countries solely due to the fact that we have COE and cars "last for 10years". I've leased an audi a4 in aussie, that works out to be around 700+ aud per month, leasing a4 in SG will smelly smelly set you back at 2k++ easily.

It sounds so difficult to explain. One word tells it all, How Lian!!!! Singaporeans are famous for their SES.

Leasing isn't attractive enough for the masses. Until car or leasing companies market it better than ownership, we'll not see it being more popular than the latter

@degen_tv4994

2 жыл бұрын

It will never be, no middleman will want to lose money for consumer benefits

It's about ego.

Very poor segment - flippant attitude and comments from Desmond particularly. Dude, at least go into the numbers, show some calculations that will reveal how much more someone would pay effectively for leasing vs buying. Think deeper instead of seemingly driving the message that car ownership is merely for pride when leasing is more sensible -_-" this clearly isn't the case.

I love you baby please give me your t-shirt

There is too much 'I think' in this video. Would be better to invite a topic expert to sit in and give insights.

This video talk so much like never talk like that.

If u lease a car, u contribute to the coffers of these car leasing companies & are helping them to eventually squeeze individual car ownership into oblivion via these companies' crazy high bids for COE. Any one with half a brain will know leasing will be more expensive than ownership. How else do these companies make their profits? It makes no sense for them to lease cars out at the same rates as ownership entails

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

@americanajames9922

2 жыл бұрын

Bitcoin is the future, investing in it now will be the wisest thing to do especially this high rise

@markrichards3745

2 жыл бұрын

Indeed it's very profitable!

@riccardoalgorand294

2 жыл бұрын

For real bitcoin is a collection of opportunities?

@ericmark8334

2 жыл бұрын

Please how does this whole bitcoin thing work? I'm interested and ready to invest in but I'm gonna need assistance from any productive and reliable professional.

@tennistv1094

2 жыл бұрын

Wow, so surprised you mentioned and recommended Frank Williams, I thought people don't know him, he's good at what he does