How Much Cheaper Is It To Own A Motorcycle Than A Car in Singapore?

When a friend of mine casually mentioned that he only pays $0.65 to park his motorcycle for an entire day, I nearly spit water in his face. I pay the same amount for 30 mins at an HDB car park! I always knew that it was much cheaper to ride a motorcycle than to drive a car, but I didn’t expect the car and motorcycle ownership costs to differ by that much in Singapore.

For both, how much you spend largely depends on how many practical lessons it takes for you to get the hang of it. Assuming you are a normal person with reasonable psychomotor skills, here’s a rough breakdown of the costs.Cost of driving and riding lessons in SingaporeThere are 3 driving schools in Singapore: Bukit Batok Driving Centre , ComfortDelGro Driving Centre and Singapore Safety Driving Centre . For ease of comparison, let’s look at BBDC’s rates . All prices include GST.Subject 8.

The tests cost the same, but the cost to rent a car for your final practical test is literally 4.5X more expensive than that of motorcycles.Stage 2: Ownership & maintenance costs of cars vs motorcycles in SingaporeLicence, check! Now it’s time to buy your car.COE & the cost of vehicleThe biggest expense of this whole entire thing is the buying the vehicle . Comparing brand new wheels, the cost of a swanky new car is expected to cost you at least $80,000.

The COE is included in the prices above, but I thought it’d be good to note the huge difference anyway. Last month , the COE for Cat A cars was $33,199, whereas the COE for Cat D motorcycles was just a tenth of that . PetrolYou’ll use the same petrol for both vehicles, but the fuel tank capacity is very different for the two. For cars, it’s usually at least 45L, while some motorcycles are good to go with as little as 5L. They are usually about 11L though.

When it comes to season parking, the difference is also shocking. Season parking for cars will cost $80 to $190 monthly, but for bikes it is $15 to $17 monthly . It’s also much easier to find free parking spots for bikes.Conclusion: yes, motorcycles are really way cheaper to own, but a car serves plenty of other needs.If you’re an independent, swinging single with no commitments whatsoever, then perhaps a motorcycle could be better for you.

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