Buying a car in Singapore remains a major financial decision, especially with the high COE costs. However, 2025 has brought a few affordable options for those looking to own a brand-new vehicle without breaking the bank. Several models now offer great value, fuel efficiency, and low annual depreciation, making them ideal for budget-conscious buyers. Below, we take a close look at the five cheapest new cars available after including COE.
Each of these cars has unique strengths, from fuel economy and low ownership costs to reliability and resale value. Choosing the right one depends on your daily usage, family needs, and long-term cost considerations.
Price Comparison of the Top 5 Budget Cars
| Model | Price (S$) | Engine Capacity | Fuel Efficiency (km/l) | Annual Depreciation (S$) |
|---|---|---|---|---|
| Perodua Bezza 1.3 Premium X (A) | 97,999 | 1,329 cc | 21.0 | 12,347.90 |
| Mitsubishi Attrage 1.2 CVT (A) | 105,999 | 1,193 cc | 8.4 | 9,862.95 |
| Nissan Sylphy 1.6 Lite (A) | 92,800 | 1,598 cc | 6.2 | 8,442.35 |
| Opel Corsa 1.2 Turbo (Elegance) | 99,500 | 1,199 cc | 4.7 | Not Available |
| Kia Stonic EX 1.0T (A) | 116,999 | 998 cc | 5.4 | 10,817.80 |
Perodua Bezza 1.3 Premium X (A)
The Perodua Bezza 1.3 Premium X remains one of the best-selling budget sedans in Singapore. With a starting price of S$97,999 including COE, the Bezza offers outstanding fuel economy at 21.0 km/l. It is designed with urban drivers in mind, providing easy maneuverability in tight spaces and excellent reliability. Its low maintenance costs and practical features like keyless entry, reverse sensors, and touchscreen infotainment system make it highly attractive for first-time car owners. The estimated annual depreciation of S$12,347.90 ensures that even long-term ownership remains affordable.
Mitsubishi Attrage 1.2 CVT (A)
The Mitsubishi Attrage offers a refined and practical option for budget buyers, priced at S$105,999 inclusive of COE. It features a compact 1.2-liter engine that provides decent performance for city driving. Although its fuel economy of 8.4 km/l is lower compared to some competitors, the Attrage shines with its smooth continuously variable transmission (CVT) and spacious interior relative to its compact size. Buyers can expect an annual depreciation of approximately S$9,862.95, keeping ownership costs manageable throughout the car’s lifespan.
Nissan Sylphy 1.6 Lite (A)
The Nissan Sylphy 1.6 Lite facelifted version brings a mid-sized sedan experience at an affordable price of S$92,800. It stands out with a more spacious cabin, offering better comfort for families compared to smaller budget cars. Powered by a reliable 1.6-liter engine, it delivers sufficient performance for both city and highway driving. Although the fuel efficiency at 6.2 km/l is modest, the annual depreciation rate of around S$8,442.35 makes the Sylphy one of the most economical choices in Singapore for 2025.
Opel Corsa 1.2 Turbo (Elegance)
The Opel Corsa 1.2A Turbo Elegance version is a stylish European hatchback priced at S$99,500. It features a turbocharged 1.2-liter engine that delivers lively performance while maintaining fuel efficiency of 4.7 km/l. Although annual depreciation figures are not currently available, its affordable price, premium interior feel, and German build quality make it highly appealing for young drivers and small families seeking a touch of luxury on a budget.
Kia Stonic EX 1.0T (A)
For buyers who prefer a crossover SUV feel without the high costs, the Kia Stonic EX 1.0 T is an ideal candidate. Priced at S$116,999, it comes with a 1.0-liter turbocharged engine offering respectable fuel efficiency of 5.4 km/l. Its raised ride height, compact footprint, and modern design provide versatility for city driving while offering a commanding view of the road. The Stonic’s annual depreciation of around S$10,817.80 is competitive among similarly priced small SUVs.
FAQs
What is the most affordable new car in Singapore for 2025 after COE?
The Nissan Sylphy 1.6 Lite is among the most affordable new cars in 2025, priced at S$92,800 inclusive of COE.
Is the Perodua Bezza a good option for first-time car owners?
Yes, the Bezza is well-suited for first-time buyers due to its high fuel economy, simple maintenance, and affordable price point.
How fuel-efficient are budget cars like the Opel Corsa?
The Opel Corsa 1.2 Turbo offers a strong fuel efficiency rating of around 4.7 km/l, making it one of the better options for saving on petrol costs.
Which budget car offers the best value in terms of resale?
Cars like the Nissan Sylphy and Perodua Bezza tend to retain better resale value due to their popularity and reliability in Singapore’s market.
Should I wait for COE prices to drop further before buying?
While COE prices have eased slightly in 2025, they remain unpredictable. Buyers who need a car for immediate use may find current deals acceptable rather than risking higher future costs.
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Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.