Would owning a car make sense for our family situation in Singapore?
My husband and I are considering whether owning a car in Singapore is worth it for our situation.
Combined gross income around $9k, take-home around $7k. We currently have ongoing home furnishing installments of $1.4k for about another year.
We have a baby and currently stay with my in-laws. Infant care is about 5 mins walk from their place, which makes life manageable now.
The issue is when we move back to our own place. It’s quite ulu and transport is not very convenient. Morning trip to infant care would probably involve a bus ride around 30 mins, meaning baby has to wake up much earlier every day.
Another problem is booking transport. Sometimes CDG is unavailable in our area, and Grab with car seat options can be difficult too.
Also, the infant/playgroup near our area currently has no slots, so we may need to continue relying on the one near my in-laws for some time.
Financially, we know cars are expensive in Singapore, so we’re trying to think practically instead of emotionally. But at the same time, we also want our own space and independence instead of staying with in-laws long term.
For parents or families in similar situations:
- Did getting a car significantly improve your daily life?
- At our income level, would you consider it manageable or too stressful?
- Did you regret buying, or regret not buying earlier?
- Any alternatives we may not be considering?
Not looking for luxury, probably just a basic reliable family car. (Looking at 2nd hand car with 2 years COE)