Which is better in Singapore: Renting or Buying a Car

Singapore is a costly city, especially when it comes to owning and driving a car. The Land Transport Authority is responsible for the high price due to the tax requirement. There is a high tax on buying, registering, and driving a car. The main reason for this tax is to avoid traffic congestion in the city. Therefore, there may be a concern about whether to buy or rent a car. There are pros and cons to each of the sides. It is also essential to take note of the requirements of buying and renting. That way, the consumer can make a substantial financial and social decision.

These are some of the issues to consider if you are to buy a car.

You do not want to repair your car with every slight dent or scratch
You will want to sell your vehicle at any time.
You have the upfront cash to buy a newer or premium car.
You have car preference

Alternatively, if you wish to go for car rentals, you need to understand that;

You will need to repair even minor issues like dents
It is safe if you do not afford a large deposit upfront.
You might get an old car to rent.
There is no domination on car preference

Moreover, you need to consider all the advantages and disadvantages facing both sides.

Car Rentals

In this category, we begin with the advantages. Renting a car is better when you are low on cash to pay upfront since car rentals do not require a large amount of money. Additionally, with rental cars, you can approach your dealer to have an exchange. Exchange is efficient for people who do not need the car daily. One category is the tourist class. Again, some people are only in Singapore for a duration doing some task assigned by their organization. They might not need to purchase a car.

Moreover, the provider will offer you an all-in-one price. In other words, the price you pay for renting the car is inclusive of insurance and maintenance. For specific models, one can save a lot of money since some as low as $60 a day.

Unfortunately, it may be very unnecessary to rent a car on certain occasions. For instance, if you are staying for more than four years, you will realize it is getting more costly to rent a car than owning one. Additionally, if you prefer specific brands with particular mileage, renting a car can be unsatisfactory.

Buying a car

On the other hand, you need to know why to buy a vehicle or not purchase one. Well, purchasing a car is cheap if you intend to stay for more than four years in Singapore. Additionally, you can sell the car if need be. Again, you can sell the vehicle at any price depending on your customer. Still, compared to renting a car, you can purchase according to your preferences and stay with the car for as long as you can. Unfortunately, once you buy a car, you will need to stay with it for as long as you cannot sell it or exchange with a potential customer.

While it seems inviting to buy a car in Singapore, the disadvantages are something to consider. If you do not have a large cash deposit upfront, you cannot purchase your vehicle. Matter of fact, if you do not consider renting a car, you may depend on taxis or use the bus. Additionally, you will need towing fees and maintenance fees. Again, when the car breaks down, you will incur the additional renting costs.





Moreover, you risk depreciation of the car. In five years, you cannot sell the vehicle at the same price you bought at or higher. It can only get lower.

Most importantly, if you wish to go for car rentals, consider how long you are to stay in Singapore. Also, decide if you are to drive daily or not. If you are to stay for more than five years, it is better to purchase a car. If you do not intend to drive daily, a car rental is the best solution.

In conclusion, car rental is more of a short-term solution. If you are taking your family on vacation but do not own a car, Singapore has many car rentals to help you instead of catching the bus.

A Complete Guide to Rent a Car in Singapore

Perhaps you're planning to rent a vehicle in Singapore. However, it can be quite daunting in case this happens to be your first time. If you have already performed this task before, you might have come across some unpleasant experience in Singapore.

Irrespective of whether you happen to be a first-timer or an experienced vehicle renter, you will definitely find this guide on the rules and regulations for renting a car in Singapore to be helpful.
This particular guide intends to assist you in renting the car from the beginning to the end. So let us not wait for any further and delve deeper into this article.

1. Background on renting

For what reason is renting considered daunting in Singapore?

A paradox of choice:
You will come across in excess of 150 rental firms in Singapore which range from regional rental companies to large global brands. Although it is good to make choice, too much choice can lead to confusion.

Industry status:
We all are aware of the fact that several rotten apples can spoil the barrel. The automobile rental industry in Singapore is not an exception to this irrespective of whether it is the restaurants or the budget airlines.

Lack of information:
In Singapore, the majority of the rental organizations can boast of owning online sites; however, it is very difficult to come across one which is updated on a regular basis or with the terms of rental upfront. It is likely you will only learn about the full terminology on the collection, thus leaving you with very little choice due to the fact that you are already there without more alternatives.

Finding an automobile for your requirements

It is only known to you what vehicle fits you the best. Therefore, we will go through a general guideline in terms of renting.

a. Car type:
While the rental fleet is categorized by a lot of rental companies as per the set tiers, vehicles of identical capacity or make are generally grouped together. Vehicles are usually classified like this although the tiers can differ from one partner to another.

b. Dates:
Make it a point to be clear on those dates which you are searching for. It would be a nice thing to reserve in advance of those dates (for example, before two weeks to one month). Rental vehicles will usually remain the same throughout the year apart from the subsequent couple of circumstances which can affect the rental charges.

i. Weekdays versus weekends
Differentiation price is practiced by the rental firms in between weekday and weekend rentals since the demand is high for rental vehicles during the weekends. Besides this, local partners will not usually operate during the weekends because of the shortage of manpower.

ii. Festive periods

For the rental vehicles, the peak time happens to be usually in the festive season (for example, Christmas, Hari Raya Puasa, and so on) and to some extent on the holidays which are on a Monday or Friday thus making it a long weekend. In Singapore, the rental charges can increase because of 2 factors.

- Peak period overcharge:

At this time, the demand for rental vehicles will be always high. In case you do not like to make payments, there are other individuals who can do so. This implies increased daily charges.

- Set package dates:
On some occasions, a major holiday would imply that the employees also will go for the holiday. Most of the rental organizations out there are shut down during that time, and therefore, it is imperative for the renters to rent for that entire period. It implies that you are going to rent for longer than what you would've usually done.

c. Your driving experience:

In case you do not belong to the category of a probation driver, then you need not go through the subsequent steps.

However, if you happen to be a probation driver with a driving experience of at least one year in Singapore,

1. Not every rental company will rent out to the probation drivers because of the fact that the rental organizations will enjoy expensive insurance coverage because of an inexperienced driver.

2. Rental organizations which are known to rent out to the probation drivers may have clauses in the terms and conditions which will result in the increase of the insurance excess in case the lender happens to be under probationary license at that time.

d. Other partner alternatives

There are two considerations to make while taking a decision on where to get the rent from. It becomes really tricky out here since the car rental can prove to be quite confusing at that time. A huge difference exists in the terms of the policies with regards to the obtainable choices. The majority of these choices are meant to be specific to the rental company.
e. Insurance coverage:

3rd party insurance:
It is going to cover any damage to other individuals in any mishap for which you are thought to be responsible. You need to bear the damage to the rental vehicle as well as yourself.

In-depth insurance:
This is going to cover any damage to other individuals (property as well as people) and it will also include any damage caused to the rental vehicle out there.

iInsurance excess:
The optimum amount for which you are responsible while getting into the mishap with the rental vehicle.

Crash damage waiver:
It would provide an option for the users to reduce insurance excess.

Rental/Security deposit:
A returnable amount of money held along with the rental charge to guarantee the expense of repair/damages with regards to any impairment to the automobile caused by the renter at the time of rent.

Selecting A Rental Firm:

After you are able to figure out your requirements and also understand the terms and conditions, it is time for you to begin searching on the web. For this, you can go through the Yellow Pages while calling rental organizations in Singapore.

Selecting The Best Rental Company

Apart from those options which differ from one rental company to another, below, we have provided some general guidelines in terms of selecting rental companies out there.

i. Trade-offs versus price
While it is often assumed that you will desire for everything (for example, comprehensive insurance, No Malaysia Surcharge, and so on) the available options will depend on your financial budget and also how much you want to pay for all those options.

ii. Brand Name versus Regional & Partner Reputation
Global brands are usually presumed to offer better quality as well as service when it comes to rental vehicles. While that might not be always the real fact, you'll come across local firms which are reputed for better maintenance of their vehicles as compared to most of the global brands on the market.

iii. Payment procedures:
It is important to keep in mind that not every car rental company is going to accept a credit card during the payment procedure. On the other hand, there are several companies that accept Major Credit Cards, PayPal, Bank Transfers, and so forth as online booking methods. It does not matter what your choice is; once you have made the payment you will get a verification of the booking. Once you get the confirmation, you need to do nothing till the date of the car rental

10 Tips To Get The Best Deal for Car Rental

While travelling to some other location than their hometown people usually rent car to facilitate their journey along with saving themselves from weather changes. But renting a car at an unfamiliar destination can increase their travelling budget, if they have not rented it carefully. You can get a rental car at best deals by taking some careful steps.

Today internet can provide you enough information to get a rental car at the best deals but if you find it difficult then you should go through this write-up to find some easy ways in this regard. The rates of rental cars vary considerably from time to time. If you are really looking to rent a car for your next trip then there can be many ways to get a car at best deal and save money. Some of the best tips to rent a car at best possible rate are provided here under for your guidance.

1. Recognise your need for a rental car: At certain places a rental car can be a costly affair to have with you. So before renting a car you should give another thought to it. You will have to pay parking charges along with fuel cost and rent if you have to stay at some hotel. In such situation you can consider for some other options like shuttle service, public transportation, taxi services, ferries and cruises etc. If you are on a leisure trip then you go for the places where you can spend most of your time at one place like resorts, beaches or theme parks etc. If you are visiting big cities like Washington DC or New York City then you can use public transportation facilities to avoid rental cars.

2. Plan in advance: When you book a rental car at last moments or during peak hours then you may have to pay more than usual rent. So to get rental cars at the best rates you should book them in advance.

3. Make payment while booking the car: Most of the major car rental agencies offer considerable discounts when you book your rental car in advance and make payment simultaneously. But after making payment in advance you may not get its refund in full, in case you have to cancel your booking later on. However you can save a lot if you avail this facility as per schedule.


















4. Decline additional facilities: When you rent a car the agent may ask you to buy some extra facilities including GPS system, child seat and insurance etc. Though these facilities are worthwhile still you will have to pay additional fee for each facility. Your auto insurance policy can cover the insurance of your rental car. Some of the credit card companies also provide such facilities to their regular customers. So to save such additional payments you can ask your credit card company or the auto insurance company in this regard.

5. Fill up fuel before returning the car: When you pick up your rental car, rental agencies give you tank full of fuel. So you should fill up its tank before returning the rental car. Though you can also pay for it to the rental car service but they can charge hefty convenience charges from you for such services. You can avoid these additional charges by filling up the tanks of your rental car from a nearby fuel station before returning it.

6. Return the car in 24-hour intervals: The day of a rental car starts when you pick it up and continues for next 24 hours. For instance you have hired a car at 12 noon then you should return it before 12 noon next day to pay the rent of one day. Any delay in returning the car can cost you the charges of one more day, even if you do not need it. however, if you have to hang around for several hours the it can be worthy to pay for an additional day otherwise you can save lots of rental charges by picking up and drop off the rental car at the same time.

7. Bring your safety seat for your child: If you are travelling with your child the instead of asking for a safety seat from the car rental service you should bring one with you. Your child safety seat will not only help you in saving the additional charges but also allow you to use it while waiting for your next flight.

8. Rent car away from the airport: Though it is convenient to hire a car at the airport but to get them at best deals you should go somewhat away for the airport before hiring it. The rent of rental agencies away from the airport can be considerably less than their agencies at the airport. You can also search online to find the rental car agencies at your destination and find the most reasonable and comfortable agency for you by comparing their rates.



















9. Opt for alternate time or date: If your schedule is flexible then you can try to find rental car at some other time slot or date to get it at a reasonable price. You can try for rental cars at best deals during off-peak season, off-peak time or on weekends as they are not in much demand during these periods.

10. Compare the price of various car rental agencies: You can also get a rental car at very reasonable price by comparing the rates of different car rental services. But while comparing their rates you should also compare the facilities provided by them. The price of the rental car should not be your only criteria to select the best one. Sometimes low priced rental car agencies can provide more facilities than highly priced ones.

Thus, by following the tips provided in this write-up you can certainly save good money by renting a car at good deals. But if you can find some other ways to get a rental car at better deals then please share it with us as it will be very helpful for us while telling such tips to others.

How to Choose a Suitable Car for Rental

In Singapore, renting a car makes excellent sense. With one of the world’s highest population densities, pollution and congestion are a major problem. With so many people and so little space on this small island, it is clear not everyone can own and drive their car. The car duty is an eye-watering 150% of the market price of a car. Then there is the permit to drive known as the Certificate of Entitlement (COE). And with space at a premium, there is still the problem of where to park your dearly beloved car. Considering all this, it really does make sense to consider renting a car instead.

But how do I choose a suitable car for rental?

When renting a car there are a lot of variables to ponder.

The first thing to consider is your budget. Car rentals in Singapore, as elsewhere in the world, offer the discerning customer a range of choices in ascending order of cost: small, medium, large, premium, people carriers and SUVs. If your budget is limited, the most suitable car is likely to be either a small or medium car.

However, if you can afford to splash out a little more, you could be experiencing the comfort of a premium car. It isn’t just about getting from A to B after all; it is not the destination alone that counts but the journey itself and why not travel in style?

For the safety conscious driver, driving an SUV makes good sense. Firstly, you are sitting higher up with a better view of the road. Secondly, you are in a better protected vehicle in the event of a collision. There is no price too great to keep you and your family safe, right? Yes, SUVs do have a bad reputation for being gas guzzlers, but think about it: in the event of an accident would you rather be a sitting duck or sitting in a tank?

Have you thought about the fuel economy of your car? How many miles does it do to the gallon? Usually, small cars are more fuel efficient, all things considered, so not only are they cheaper to rent but cheaper to run.

Driving a big car is great till you try to find a suitable parking space. Choosing a short car, such as, the Smart car makes life a whole lot easier when nipping around the busy city streets and trying to find a suitable parking space. The beauty of small cars when it comes to parking is pretty obvious: small cars simply have far more options when it comes to parking.



Would you feel more comfortable driving through the traffic rush hour in a small rented car or a large one? Some feel safer in a large car, whereas others feel that they are less like to scrape the side of their car in a tight space.

When deciding on a suitable rental car, it is well worth reading the rating and reviews of the car rental companies left by previous customers. Would you rather rent a car from a company with a poor rating or a high rating? The chances are the previous customers are always right.

Bear in mind when renting a car, that you don’t always get the car you have chosen. Why is that? It comes down to those car categories mentioned earlier: you may have chosen a car in the medium car category and if the car you have chosen is not available, the car rental company may offer you the equivalent in the same category.

This happened to me on one occasion. I had rented a Volkswagen Golf, only to be handed the keys to a Toyota Corolla Altis. This can come as a shock but in most cases you will get a car that you will be equally pleased with. Again, by checking the car rental reviews you can avoid disappointment by choosing car rentals with a higher rating and a better reputation for customer service and satisfaction.

Choosing a make of car you are familiar with or have driven before makes good sense. You will be comfortable driving it: the pedals will feel right, you will know your way around the controls and you can work the radio easily.

However, you may like to choose a make of car you have never driven before. Yes, it will take a bit of getting used to, but it is not every day you get a chance to drive a different car. Why not explore a new car for you when you are exploring Singapore?

Do you want to drive a car with a manual or automatic transmission? Some people much prefer a manual drive, but it all depends on personal preference.



Do you want to drive a two door, a four door or more? If you and your loved ones are young and sprightly, you may not be bothered to climb out of the back seat of a two door car. However, if comfort (and elegance) is more of an issue than cost, then a four door or more may be your better option.

There is also the question of how many people you need it for. If you have a large family, then it is likely you will need a medium to large car at the very least. But do you have many luggage cases? Are you bringing your extended family too? Perhaps a people carrier may be more appropriate if you answered yes.

Another consideration is your own comfort zone. Piling eleven people into a small car may not be your idea of comfort. You and your partner may like the reassuring feel of roominess a large car gives you, and then it is also nice to know you have extra space if the need arises. Bear in mind how many is traveling with you and allow room for comfort.

Seating space isn’t everything either. What size is the boot space? If you are arriving in Singapore on holidays, it is worth considering can you fit all your baggage in the boot in your rented car.

Always make sure you read the small print. Ask yourself: does the car come with theft protection and a collision damage waiver? Does this come free or is this a hidden cost? It pays to check this out in advance.

Whatever you choose, drive safely and enjoy your trip!

Things To Remember When Finding Car Rentals

If and when you are out looking for a car rental company, you'll need to put some factors into consideration. Maybe you need a private ride to enjoy your vacation, or you are on a business trip and need a professional transport service. Regardless of all that, you must keep some things in mind. That said, here are some things to remember when finding car rental services.

1) Do you know how to drive?
This is a major factor you should keep in mind before you think of renting a car. Since it will be documented under your name, you might be needed to present your driver’s license. Prove to the rental company that you can drive well to avoid any future penalties.

2) Who else will drive the car?
Car rental companies tend to have specific policies that are related to the person driving the vehicle. If you plan to add one or two other people to drive the car, it will cost you more money. The best way to save on the costs is to handle the car on your own, mostly if the journey is not too long. Also, remember that you will have to take care of the damages yourself if someone else is involved in an accident when driving the car.

3) Why do you need the car?
Are you on a personal tour or you need to use the car for a family trip? You might also need the car for a business trip, which is a factor that you should keep in mind. The car rental companies have various cars for you to choose. The executive vehicles are mostly dedicated to business persons, and they can carry a maximum of four passengers.

On the other hand, if you are out on a family vacation, you will need to go for a bigger vehicle to cater to your needs.



4) Are you insured?
You must have an insurance company that covers you whenever you are out with the rental car. This will mostly come in the name of a personal auto insurance company. It will be helpful if you intend to go with the car on a long journey.

However, keep in mind that your credit card can still cover you when you are going for a car rental. Whether you choose to stick to your credit card or rely on your insurance company, there is no need for purchasing another insurance cover.

5) What is your budget?
This is another factor you must keep in mind before you seek any car rental services. The budget range will determine the type of car and how long you will stay with it. Once you have set up the budget, check with the rental company to help you choose the suitable vehicle.

6) Where is the rental company?
The location of the car rental agency is another factor that you need to keep in mind. Agencies located at the airport or the center of a city tend to be extra costly. The best strategy to use is to choose a rental company that is located near you. All in all, ensure that you weigh the options of different rental companies and go for the one that is the most convenient. The convenience here is in terms of the cost, accessibility, reliability, and availability.

7) Do you have a favorite car rental company?
This is yet another factor that can be helpful if you intend to rent a car. The best thing is to stick to your regular car rental company. However, if it’s your first time renting a car, you might want to weigh your options. The first rule of the land is to go for reputable and recognized car rental agencies. Never rent a car from a new company, especially if they are just starting up with less than five vehicles.

Not every new rental company is good and not all of them are bad. Some companies are new in their name, but they are a part of a rental company that has existed for many years. Ideally, do a background check on the rental company before you rent their car. Alternatively, just stick to your regular rental company if they serve you right.



8) When do you need the car?
Reputable car rentals agencies tend to have a lot of orders from different clients. For that, you will be needed to make an order ahead of time. If you happen to go on the same day that you need the car, you might be disappointed in the end. Even though you will end up getting a car for the day, it might not be the exact car that you preferred, or you might be behind by even three hours as you wait for a car.

Ideally, sign up or book your preferred car a few days before the date that you need it. This will also give you enough time to examine the car for any damages or errors. Never start driving the car if you haven’t checked if it is in perfect condition.

9) Where will you go with the car?
Well, you might think that this is not a big issue, but it actually is a factor to consider. The type of terrain you access will determine the overall cost you will pay the rental company. Suppose you want to access the off-road terrains, you might want to purchase a suitable damage waiver. Alternatively, you can choose a strong 4x4 vehicle that will stay strong on any terrain. The car rental agency that you choose should help you choose the perfect car that will be suitable for the roads you wish to access.

When it comes to the car rental service, you must be keen to follow all the necessary requirements to avoid hefty penalties in the end. Never forget to return the vehicle at the agreed time. Every car rental company will offer its vehicle with a return date and time. If you go beyond the specific time, you will be charged a fee. Also, remember to choose a rental company that is reputable and professional enough to assure you of reliable services.

8 Tips on Renting Out Your Car

There are good reasons for you to feel attracted to rent out your car, it is ecologic, it can be an extra income, it can help you to pay the car (in Singapore being a car owner can be quite expensive), avoid the need of selling your car if you are abroad, etc., however doing it profitably in Singapore without the knowledge can be an issue and you can have a lot of legal problems like liability claims, fine and even jail for that, if you don’t know how to start is this increasingly common business. There are 8 key guidelines you should follow to rent your car safely and legit.

1. Make Sure You Are Doing It Legally: 
In Singapore there are specific laws to rent your private car, the Land Transport Authority or LTA has the Private Car Rental Scheme, which specifically states that is only legal to rent a car registered under the name of a private individual and, with a proper insurance coverage on weekends, from Friday 7pm to the following Monday at 7am and during public holidays from 7pm on the eve of the holiday to 7am on the following working day of the public holiday, other than that can have penalties from a fine of $ 1000 to a 12 months ban and even a maximum of three months of jail. For more information consult the LTA website.

2. Research How Much You Can Charge: 
The rates may vary from one vehicle to other, it is important, if you want to successfully rent your car, to know the market rates for your car so the price is fair for you and the hirer. Cars that are 5 years old or more are less likely to find renters.

3. Advertise Your Vehicle:
You can publish your car rental on the newspapers or doing it online through social media or specialized websites in classified advertising are a good option too, if you don’t want your car going too far you can also tell your friends or family who need a car that you are renting yours.

4. Talk to Your Insurer: 
In order to have the coverage necessary to legally rent your car, you need to contact your insurer to have all the documents to change your policy, if you don’t you take the risk the company will not accept any renovations and, in the worst case scenario, if something happens with the car you can be facing liability claims and the insurance will not do anything because they will not have the legal responsibility to do so. Third Party is the minimum coverage needed according to the Singaporean law, Limited Protection or Comprehensive Motor Insurance, are recommended too for having a better coverage.



5. Get to Know the Hirer: 
Giving your car to a stranger is not exempt from risk, if you rent by yourself make sure to meet in person the hirer, make sure it is the same person you arranged with and check if the person has age and experience to drive your car, those are the only things you can be sure about, you cannot guess the purpose of renting the car, you have to trust the person will not do anything illegal, or will take care of the car like you do, when the driver does not own the car is more likely to be negligent (not avoiding potholes, not paying enough attention to the road and even reckless driving).

You have the option of joining a car sharing club, often before getting a membership the applicants need to pass a strict screening for the safety of the car owners, it could be helpful to reduce the stress of thinking all of the bad things the driver can do when your car is in service and the difficulties of tracking the driver’s background by yourself.

6. Keep Controlled When and Whom You Rent Your Car: 
Do not let a third person, even if it is family take control of your car rental, that person can be tempted of getting out of the law for a little more money and might get you into troubles because the liability of the car is on you, and also can be complicated for you to get access to your own car when you want to use it.

7. Be Organized: 
If you don’t want the car rental to become a nightmare, keep a schedule of the rentals of the car and plan when you will use it, so you don’t compromise with a client, especially if it is an old one and frequent. If this ever happen you can lose a trustworthy renter and maybe get thought the stress of getting to know a new client and building trust again. Also it is convenient not putting all the eggs in the same basket, you cannot keep just one client because if something happens you might not have rental income until another person shows.



8. Car Rental Companies Are a Good Option: 
You can sign a leasing contract with a company that rents the car for you if you don’t use the car at all, this companies always screen their clients, and also the companies may offer convenient features for you. Before leasing your car to a company you should not take the first that shows, try to research deeply several companies, so you find the one who offers conditions and deals that are suitable for you. Once you find the right company, and before signing any documents, make sure that: you understand all the terms and conditions, you are comfortable with the payment the company is offering, it is also very important you have the right insurance coverage and last but not least the background and credibility of the business you are leasing to.

The most important thing to take in account when choosing the method for renting your car is that it fits in your possibilities and time, If you don’t want to spend the weekend worrying about your car, there is a wide range of options for safety and there are also reliable business renting the car for you if you don’t have the time to arrange and meet the renter and still want to be in this trending business.

How To Rent Out Your BMW?

Owning a car is one of the biggest dreams of many people. Everyone wants to own a car to ease the load of getting late for important events and situations. You might have a personal car, which means that you will not need to call a taxi to pick you up wherever you are. Basically, it is flexible and comfortable to own a car. And another great thing to have is a luxurious car, and BMW stands as one of them. In Singapore, there are several BMW models that people own, however, what if you are not getting value from your car, or it’s too expensive to maintain due to seasonal parking fees? What about when you have monthly instalments to pay for your car, and you can’t successfully raise the money? When such situations come, you may want to rent out your car. But how do you go about it?

• Inquire the Cost
Prior to leasing out your car, you will need to know the amount of money that you would expect to get. For that, you will need to go to the website of the company that you intend to lease out your car to, and get a quote. The company is expected to give you an instant quote, in order for you to decide earlier enough on whether you will rent out your car on not, depending on the amount expected. You must be aware of the money that you will be earning, either monthly or yearly. Despite the quote given by the company, you will be able to set your own, comfortable quote and make an agreement.



• Choose Your Desired Driver
Once you have made up your mind about renting out your car to a given company, in relation to the earnings, you will then need to choose the one who will drive your BMW. It is your valued car, therefore, you need to look for a competent driver. The company should be able to give you the list of drivers available, with their profile that shows their eligibility in driving. You will then choose the driver that suits your preferences.

• Meet Out With The Renters in Person
If your car is to be given out to a person, for a day or however long they would need to hire your car, you will need to meet them and negotiate personally on the terms. Despite giving the car to a certain company, the company will update you on the person who has rented your car. It has been studied that private cars that are leased out tend to be handled with more care compared to company cars. This is because the person renting the car knows that they are handling a private property. Despite knowing the driving eligibility of the renter, you will need to know their characters and personalities too.

• Know the Liability Insurance Cover
Apart from your personal auto insurance, the company that you lease out your car too should be able to cover your car, in case of any mishaps. Ensure that the company is able to provide a liability insurance cover for your BMW. This will help to reduce the load from you and your auto insurance cover.



• Know Your Rights
You should be aware that you have the right to reject a rental request for whichever reason. It is not a must that you should accept any rental request that has been presented to you. Therefore, the company that you choose to rent out your car to should leave you the decision of who to rent the car to. Do not be forced to lease out your car to anyone who doesn’t suit your desires, remember that the car is still yours. For instance, if a renter is smoking, and you don’t, that could be a conflicting factor and for that, you will be free to reject the rental request.

You can earn more than you expect from leasing out your car. On average, one can get up to 310 Singapore Dollars in a month from renting out their car. In other situations, some have earned over 8,200 Singapore Dollars in a year. Therefore, you will be able to get enough money from renting out your BMW and get off the financial burden. Always remember to know how much you will expect to earn from renting out your car to a given company and above all, know your rights as you rent out your car.