Realistically, is Grab everywhere cheaper than owning a car in SG?
With COE and everything so high, I keep hearing it's cheaper to just Grab everywhere than own a car. But I have a family and irregular hours. Has anyone actually crunched the real numbers, and at what point does owning finally make sense over ride-hailing?
Anonymous asker·Asked on 19 days ago·513 views·3 answers
TTuition Teacher WendyBeginnerFirst-hand experienceFull-time tutor for PSLE English and Maths, can share what actually moves the grade versus wasting money.
I actually tracked this for a year after selling our car. Owning realistically costs a lot monthly once you total COE amortised over 10 years, road tax, insurance, petrol, ERP, parking at home and work, servicing and depreciation, easily well over a thousand a month for a modest car, often much more with today's COE. For that same budget you can Grab a LOT. The break-even depends entirely on usage: if you drive daily, long distances, odd hours, with kids and car seats and grocery runs, ownership's convenience and the per-trip savings start to justify it, especially during surge-heavy rainy periods when Grab prices spike. If you mostly commute by MRT and only need a car occasionally, Grab plus the occasional weekend rental crushes ownership on cost. For your case, family plus irregular hours, run your own week honestly: log every trip you'd take, price the Grabs including surge, and compare to the true all-in monthly cost of a car. For many families the answer is car-lite until the kids and logistics genuinely tip it. Convenience is real, but so is a thousand-plus dollars a month.
The hidden factor is surge and availability, not just base fare. On rainy evenings, peak hours, and in ulu areas late at night, Grab is expensive and sometimes you just can't get one. With young kids and irregular hours that unpredictability has a real cost, missed timings, stress, standing in the rain. Ownership buys certainty. Price that in, not just the dollar comparison, when your schedule is chaotic.
NNSman Wei JieBeginnerFirst-hand experienceJust cleared my last ICT, can advise on IPPT, reservist deferment and all that NS admin nonsense.
There's a middle ground people forget, car-sharing and short-term rentals. We Grab for daily stuff and book a shared car for the grocery run or a day out. Total is far below owning, and we skip parking, servicing and depreciation entirely. Works great unless you truly need a car on tap every single day. Worth trying for a couple of months before committing to a COE.