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🚗
Car vs No Car
The lifetime wealth difference of owning a car in Singapore. Spoiler: it's a lot.
What car would you buy?
🚙 Economy car (Toyota, Honda)
~$80k + COE
🚗 Mid-range (Mazda, Hyundai)
~$120k + COE
🏎️ Luxury (BMW, Mercedes)
~$200k + COE
🚙 SUV
~$150k + COE Cat B
⚡ Electric vehicle
~$160k + COE, cheaper fuel
Without a car, how much Grab/taxi?
Rarely (1-2 times/month)
$100/mo
Sometimes (2-3 times/week)
$300/mo
Often (daily short trips)
$600/mo
Heavy (daily + weekend)
$1,000/mo
Show the damage 🚗💨