SINGAPORE – While hire purchase remains the most popular route for consumers to buy a new car, some motor dealers note that leasing has been gaining popularity in recent years.
One reason is that loan restrictions, which apply to hire purchase, do not apply to leasing. With car prices soaring on the back of surging certificate of entitlement premiums in the past two years, not having to fork out a huge down payment becomes more attractive.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you