Reflection on owning a car in the most expensive city

Previous articles:
I have shared some tips both car and non-car related on my blog:

Minimising car expenses
 My Expenses

I also shared my rationale for buying a car:

Saving money on car ownership in Singapore


I am quite frugal excluding the owning of a car.

Having a car is great. It gives you freedom and a sense of control if you like driving.
It also allows you to explore remote and unique/interesting places.


feel free to ask me more questions on money-saving tips. I consider myself an expert in saving money and exploiting systems heh, still while enjoying life.

Last time I also thought that I could taxi everywhere which is still cheaper than owning a car. But over time after I built up my savings and grew discontented with public transport, I decided to buy one.

If you ask me whether I regretted buying, I'd say partially, due to the COE dropped quite a fair bit, causing more depreciation to my car. Other than that, I'm very satisfied and I'd say my quality of life has improved.  Barring accidents on the road, and rare traffic congestions, the car has greatly reduced my commuting time to/fro work by 30-50% depending on the traffic condition. This is much better than taking MRT and buses, having to stand and squeeze with others.

The best time to buy a car is probably during a recession, like stocks, lol.

Once you own a car, you wouldn't feel like going back to taxi/public transport, even despite the high cost of ownership.

Not to mention having a car helps in getting you the girl.