Owning a car in Singapore is a significant financial commitment, but finding the cheapest car to buy in Singapore is possible with the right knowledge. At Paragon Motors, we specialize in providing budget-friendly cars that combine affordability, fuel efficiency, and reliability.
If you’re looking to buy a car in Singapore, whether it’s a compact city car for urban commuting, a fuel-efficient hatchback, or a spacious yet economical option, our expert team can help you choose the best car to buy in Singapore within your budget. In this guide, we’ll explore some of the cheapest cars to buy in Singapore, ensuring you make a smart, well-informed decision on your vehicle purchase.
Understanding the True Cost of Car Ownership in Singapore
Before you buy a car in Singapore, it’s essential to understand the full cost of owning a car in Singapore, beyond just the listed price. Several factors contribute to the final price, including:
1. Certificate of Entitlement (COE)
The COE is mandatory for owning a car in Singapore, and its price fluctuates based on market demand. As of 2025, COE prices can range between $90,000 – $110,000, depending on the category. Choosing a car with a lower OMV (Open Market Value) can help reduce overall ownership costs, which is a key factor when you are looking for the cheapest car to buy in Singapore.
2. Additional Registration Fee (ARF)
The ARF is a tax based on the Open Market Value (OMV) of the car. Lower-cost cars often have lower ARF, making them more affordable in the long run, helping you get the cheapest car to buy in Singapore.
3. Road Tax & Insurance
Smaller engine capacities (below 1.6L) typically have lower road tax and insurance premiums. Fuel-efficient cars and hybrid vehicles may qualify for government rebates and incentives. These factors help reduce overall costs, making it easier for you to buy a car in Singapore without compromising on your budget.
Most Affordable Cars in Singapore (2025)
At Paragon Motors, we prioritize quality and affordability, ensuring you get the best value for your money. Here are some of the cheapest cars to buy in Singapore that we recommend:
1. Compact City Car – The Perfect Budget Commuter
- Best for: Daily commuters who want a fuel-efficient, easy-to-park car.
- Estimated Price: From $75,000 – $85,000
- Fuel Efficiency: ~20-25 km/L
- Ideal for those looking for a low-cost entry-level vehicle with low road tax and insurance.
- Small yet powerful, offering a smooth drive for urban commuting.
2. Spacious Yet Affordable Hatchback
- Best for: Families and individuals needing more cargo space.
- Estimated Price: From $85,000 – $95,000
- Fuel Efficiency: ~18-22 km/L
- A balance between affordability and comfort, with extra legroom and trunk space.
- Designed for city and highway driving, offering stability and great handling.
3. Versatile Compact Van – Practical for Business & Personal Use
- Best for: Business owners or drivers needing extra cargo space.
- Estimated Price: From $90,000 – $100,000
- Fuel Efficiency: ~16-20 km/L
- A multi-purpose vehicle that is affordable and fuel-efficient.
- Popular among small business owners looking for a budget-friendly transport solution.
- Paragon Motors offers new and pre-owned options with low mileage, helping you buy a car in Singapore that’s both cost-effective and reliable.
4. Affordable Sedan – A Reliable Everyday Car
- Best for: Drivers looking for a low-maintenance, fuel-efficient car.
- Estimated Price: From $92,000 – $105,000
- Fuel Efficiency: ~16-22 km/L
- A well-balanced choice between performance, affordability, and reliability.
- Comes with advanced safety features and a comfortable interior.
- Paragon Motors offers certified pre-owned options for extra savings, making it one of the best cars to buy in Singapore.
5. Affordable SUV Alternative – Spacious Yet Budget-Friendly
- Best for: Those wanting a more spacious, family-friendly vehicle at an affordable price.
- Estimated Price: From $98,000 – $110,000
- Fuel Efficiency: ~14-18 km/L
- A compact yet powerful vehicle for city driving and weekend getaways.
- More affordable than full-sized SUVs, making it a great entry-level option.
- Available at Paragon Motors with financing and trade-in options, making it an ideal choice when you buy a car in Singapore.
How to Choose the Right Budget Car for You
Choosing the right budget car is crucial to ensure you get the best value for your money. At Paragon Motors, we understand that selecting a car is more than just about the price tag – it’s about finding a vehicle that fits your needs and budget. Here are some key tips to help you make an informed decision:
1. Assess Your Driving Needs
Before purchasing the cheapest car to buy in Singapore, think about how you’ll be using the car. Are you looking for a compact city car for daily commuting? Or do you need a family-friendly vehicle with more seating and cargo space for weekend trips? Perhaps you require a versatile and economical option for business purposes, such as a small van or a reliable sedan for client meetings.
2. Compare Running Costs
Owning a car involves more than just the purchase price – it’s important to assess the running costs. When choosing the cheapest car to buy in Singapore, look into:
- Fuel Economy: Consider how many kilometers per liter the car can achieve. Opting for a fuel-efficient car can save you money on daily commuting and long drives.
- Maintenance Costs: Some cars require more frequent repairs or parts replacement. Look for a model that offers low maintenance costs to keep your long-term expenses in check.
- Road Tax: In Singapore, road tax is calculated based on the car’s engine capacity. Choose a vehicle with low road tax for more savings over time. Paragon Motors can help you identify cars with the best balance of affordable ownership costs.
3. Consider Financing Options
Purchasing a car is a significant investment, and at Paragon Motors, we offer flexible financing options to make your purchase easier. You prefer a low down payment or a longer repayment period, and we provide financing plans tailored to your budget needs. Consider how much you’re willing to pay upfront and explore monthly installment options that fit your financial situation.
4. Look for Special Promotions
At Paragon Motors, we frequently run limited-time offers and special promotions on our cars. These promotions can help you save significantly on your purchase, allowing you to get the cheapest car to buy in Singapore with added perks, such as discounted pricing, free servicing, or extended warranties. Be sure to stay updated on our latest deals by subscribing to our newsletter or following us on social media to ensure you never miss out on exclusive offers.
Why Buy the Best Car to Buy in Singapore from Paragon Motors?
- Trusted Dealer: With years of experience in providing high-quality, affordable vehicles in Singapore, Paragon Motors is your trusted choice when you’re looking for the best car to buy in Singapore. We offer a wide selection of vehicles that cater to various preferences and budgets, ensuring you find the perfect match for your needs.
- Certified Inspections: All cars at Paragon Motors undergo a thorough quality check and certification process, ensuring that you get a reliable, safe vehicle. This guarantees that the best car to buy in Singapore is always available to you, offering peace of mind with every purchase.
- Flexible Financing: At Paragon Motors, we understand that purchasing a car is a significant financial commitment. That’s why we offer low down payment and installment plans tailored to your budget. Our financing options make it easier for you to own the best car to buy in Singapore without stressing your finances, allowing you to drive off in your dream car with ease.
- Trade-In Options: When you decide to buy a car in Singapore, you can also take advantage of our trade-in options. Upgrade to a newer model while getting the best trade-in value for your current vehicle. This makes it easier than ever to own the best car to buy in Singapore, with the added benefit of a higher trade-in value for your old car.
Find Affordable Cars in Singapore Today – Contact Paragon Motors!
At Paragon Motors, we make finding the cheapest car to buy in Singapore easy. Our expert team is here to help you choose the ideal vehicle that fits your needs and budget. Don’t wait – contact us today to explore our wide range of budget-friendly cars and take advantage of our flexible financing options.
