The Singapore car rental market has recently been shaken by reports of sudden and significant price hikes. According to various local news outlets, hundreds of private-hire vehicle (PHV) drivers and daily commuters are facing a tough reality: rental fees increasing by as much as 50% to 60% almost overnight.
The Current Rental Crisis
Recent reports highlight a troubling trend where rental firms are allegedly terminating existing contracts early or forcing hirers to sign new agreements at much higher rates. In some extreme cases, daily rental fees for a standard sedan jumped from $82 to $130.
The reasons cited by firms often include:
Operational Cost Adjustments: Companies claiming previous rates were “below market value.”
Market Volatility: The ripple effect of major rental players exiting the market.
Festive Surges: High demand leading up to the Lunar New Year.
For many Singaporeans, this lack of price stability makes long-term financial planning nearly impossible. If your “fixed” rental cost can change with just a few days’ notice, is renting still the most economical choice?
Break Free from Rental Hikes with Royal Motor Grandeur
At Royal Motor Grandeur, we believe that your mobility shouldn’t be subject to the whims of a rental company’s internal policy changes. Instead of paying off someone else’s asset while facing unpredictable price hikes, why not invest in your own?
Why Choose Ownership with Royal Motor Grandeur?
Fixed Monthly Installments: Unlike rental rates that can spike, your HP (Hire Purchase) installments remain consistent throughout your loan tenure. No surprises, no hidden “re-evaluations.”
Asset Ownership: Every dollar you pay goes toward owning the vehicle. At the end of the day, the car is yours—not a liability you have to return.
Zero PHV Restrictions: Looking to drive for Grab or Gojek? We provide PHV-ready cars with transparent financing, ensuring you keep more of your hard-earned income instead of giving it back to a rental firm.
🚗 Exclusive Promotion for New Owners
To help you transition from the volatile rental market to stable car ownership, Royal Motor Grandeur is offering an exclusive “Switch & Save” package:
Low Downpayment Options: Get on the road without a massive upfront cash outlay.
Lifetime Service: Receive a 10 years unlimited mileage warranty + service to cover your first year of maintenance.
Instant Approval: We provide fast-track credit assessment to get you behind the wheel within days.
Don’t let your livelihood be held hostage by rising rental fees. Contact Royal Motor Grandeur today at 6741 4911 for a non-obligatory consultation. Let us show you how owning a car in Singapore can actually be more affordable—and far more stable—than renting.
