Let me take you back five years.
I was standing in a car showroom, ready to buy my first car. Like most first-time buyers, I was caught between two options: buying a brand-new car or going for a well-maintained used one. The thought of driving a brand-new vehicle was so exciting! Zero mileage, full warranty, and that fresh showroom feel.
But when I started comparing prices, reality kicked in.
At that time, a brand-new Mazda 3 was priced at over $100,000 with COE. On the other hand, I found a used Mazda 3 in excellent condition, priced at around $55,000 with about 5 years of COE left. Same car model, almost half the price.
That was when I realised that buying used can be one of the best decisions you’ll make, especially for your first car in Singapore.
COE: The Hidden Price Tag That’s Not So Hidden
In Singapore, owning a car says a lot. It says, “I value convenience,” “I enjoy my space,” and sometimes, “I’d rather brave ERP gantries and COE than squeeze onto a packed MRT at 8:15am.”
And if you’ve ever tried to understand the Certificate of Entitlement (COE), you’ll know it’s the main reason car prices here feel like down payments on property.
Yes it’s basically doubled in five years. That’s why scrolling through car listings in Singapore can feel a bit like browsing condos— except you get freedom on four wheels, not a pool you’ll never use.
Smart tip: A good used car with COE already included can save you tens of thousands without sacrificing comfort or reliability.
New vs Used: A Showroom Dream vs a Road-Tested Reality
There’s something undeniably appealing about a brand-new car. The untouched seats, the smell of fresh leather, the thrill of being the first person to ever drive it. It’s the full experience— that comes with the full price tag.
But in Singapore, buying a used car isn’t second-best, it’s often just smart.
Here’s why: most car owners here take excellent care of their vehicles. Regular servicing, clean interiors, low mileage… it’s all part of the package. And with the 10-year COE limit, most cars are still in great condition when they’re listed for resale.
In fact, compared to other countries where cars are driven for 15–20 years or more, Singapore’s used car market is surprisingly well-kept.
New cars come with perks:
✔ Full 10-year COE
✔ Manufacturer warranty
✔ Latest features
Used cars, on the other hand:
✔ Lower upfront cost
✔ Slower depreciation
✔ Often just as reliable, with a detailed service history
✔ A more practical choice for many buyers
At Vision Motoring SG, every used car goes through a full inspection, so you’re not just buying something cheaper, you’re buying something you can trust.
The Part No One Tells You: Running Costs Are Real
So you’ve bought the car. Great. But the financial story doesn’t end at the dealership. Here’s what your monthly spreadsheet should expect:
- Road tax – changes based on engine capacity
- Insurance – especially pricey if you’re younger or a first-time driver
- Parking – HDB, office, malls… it adds up
- ERP – we love a good gantry
- Petrol or EV charging
- Servicing and tyres – cars deserve maintenance too
The purchase is just the beginning. Real ownership starts with everything that comes after: maintenance, insurance, and yes, even the dreaded parking summons.
Still Not Sure Where to Start? That’s Normal
When I bought my first car, I had no idea what I was doing. I watched videos, compared listings, asked friends, stalked SG Carmart, then circled back to square one. Twice.
What really could’ve helped was talking to someone who wasn’t trying to “sell” me a car but actually guide me through it.
At Vision Motoring SG, that’s how we work. Whether you’re brand new to driving or just unsure about COE timing, we’ll walk you through the process without pressure. You ask, we answer.
Buying your first car in Singapore isn’t just about transport, it’s about independence, control, and finally having the option to leave a gathering without checking the last bus timing.
But it’s also a big financial decision. So take your time. Ask all the questions. Think it through. And know that you don’t have to do it alone.
Thinking of getting your first car?
Browse our latest listings here, or swing by the showroom. No pressure, just honest advice, and a car (or five) that might just suit you perfectly.
