Brand New Car Leasing

Drive a Brand New Car with Flexible Leasing Plans

Looking to lease a new car in Singapore without the long-term commitment of ownership? At Asia Car Rental, we offer brand-new car leasing plans with a minimum of 2 years contract.

Our leasing options are designed to suit a wide range of needs. You can also choose from short-term rentals for flexibility or longer-term contracts for greater cost efficiency. From compact cars for daily commuting to larger models for family or corporate use, we make car leasing in Singapore easy and affordable.

Available New Cars for Lease in Singapore

At Asia Car Rental, brand-new car leasing is tailored to your preferences. If you’re looking for a specific model not found in our existing fleets, we can source and lease it to you brand new. Here are some types of vehicles that may interest customers exploring different options:

Benefits of New Cars for Lease

Car leasing offers a practical alternative to buying, especially if you’re looking for flexibility and cost savings. At Asia Car Rental, we make it easy to access new cars without the burdens of ownership. Here are some key benefits you’ll enjoy:

Lower Upfront Costs

Leasing eliminates the need for a hefty down payment. With our affordable lease plans for new cars, you can start driving a brand-new vehicle without large upfront financial commitments.

Drive the Latest Models

Enjoy the latest features, fuel efficiency, and safety technologies with our fleet of new vehicles. Leasing lets you switch to newer models more often without the hassle of selling a used car.

No TDSR Impact – Lease Without Affecting Your Home Loan

For individuals planning to purchase property, financing commitments can directly affect loan eligibility under Singapore’s Total Debt Servicing Ratio (TDSR) framework. Traditional hire-purchase car loans are generally treated as debt obligations, which may reduce borrowing capacity for a home loan.

In new car leasing, operating leases are typically treated differently from car ownership financing. This allows drivers to enjoy the flexibility of leasing a brand new car without taking on a large vehicle loan that could affect future property plans.

Carry Forward Your NCD When You Switch to Leasing

Drivers moving from car ownership to new car leasing often worry about losing their existing No Claim Discount (NCD). Depending on the arrangement, your NCD record may still be retained or carried forward, helping you preserve the benefits built up from your previous driving history.

For motorists considering leasing a brand new car, this offers added continuity and peace of mind during the transition from ownership to leasing.

What Is Buy-to-Lease? Singapore's Smart Alternative to COE Ownership

Buy-to-lease is a car leasing arrangement where the leasing company purchases a brand new car of your choice specifically for you, then leases it to you at a fixed monthly rate.

This is different from a standard hire purchase (HP) loan in several important ways:

Feature	Buy-to-Lease	Hire Purchase (HP)
Ownership During Term	Leasing company	Buyer (once loan repaid)
Down Payment Required	From S$0 (with refundable deposit)	30–40% of car price (~S$45K–70K+)
COE Upfront Cost	Not borne by lessee	Fully included in purchase price
Monthly Payment Covers	All-inclusive (insurance, tax, maintenance)	Loan repayment only
Maintenance Cost	Included in lease	Owner’s responsibility
Insurance	Included	Owner’s cost (~S$1,500–3,000/yr)
TDSR Impact	Generally not counted	Counted as financial liability
End of Term	Return vehicle	Full ownership after final payment
COE Depreciation Risk	None – not your asset	Your financial exposure

For Singaporeans and residents who want to drive a factory-fresh car without committing to a six-figure COE purchase, buy-to-lease is a flexible and financially sensible alternative.

How the Leasing Process Works

Leasing a car with Asia Car Rental is simple, transparent, and stress-free. Whether you’re looking to lease a new car in Singapore for personal or business use, our streamlined process ensures you’ll be on the road in no time.

Choose Your Car Model

Enquire about new cars for lease, including compact models, SUVs, luxury vehicles, and eco-friendly hybrids. Let us know the model you are looking for.

Complete the Leasing Agreement

Our team will guide you through a straightforward leasing agreement with minimal paperwork. We offer lease terms starting from a minimum of 2 years.

Pick Up Your New Car

Once your brand-new car is ready, we’ll provide complimentary delivery to your preferred location. All documents will be prepared in advance for a smooth and efficient handover.

Drive Hassle-Free

Enjoy the freedom of driving without ownership worries. Your lease includes regular maintenance, insurance, and road tax, allowing you to focus on the journey, not the upkeep.

Words from our clients

Frequently Asked Questions

What are the benefits of leasing a brand-new car?

Leasing allows you to enjoy the latest vehicle models without the high upfront costs of buying. You also avoid depreciation worries and get included maintenance and insurance for a hassle-free experience. For drivers comparing ownership with long-term car rental or leasing arrangements, it also offers greater flexibility to upgrade or change vehicles over time.

How long are the lease terms for new cars?

Our brand-new car leasing plans start from a minimum of 2 years.

What brand-new models are available for leasing?

Choose from a wide selection of new cars for lease. If you have a specific model in mind, let us know your preference—we understand that your ideal vehicle may not always be readily available. Simply write to us with the details, and we’ll provide a customised quotation based on your request, whether for personal use or corporate car rental needs.

Is maintenance included in the lease?

Yes. All our new cars for lease come with scheduled maintenance, insurance, and road tax included. With us, you can drive worry-free throughout your lease period.

Who is eligible to lease a new car in Singapore?

To lease a new car in Singapore, you must hold a valid driver’s licence, be at least 24 years old, and meet minimum driving experience requirements. Additional documents may be required during the application. Depending on the car model, further age restrictions and increased excess may apply.

Can I return the car before the lease term ends?

Generally, there is a strictly no-termination clause for brand-new car leasing contracts. Do contact us to explore your options or switch to a different plan.

What exactly is buy-to-lease and how does it work?

Buy-to-lease is an arrangement in which a vehicle is purchased specifically for leasing rather than for the driver’s direct ownership. Instead of paying the full purchase price upfront or taking out a traditional car loan, the customer leases the vehicle for an agreed-upon period with fixed monthly payments.

This approach allows drivers to enjoy the experience of leasing a brand new car while avoiding large upfront ownership costs, long-term depreciation concerns, and the responsibilities that typically come with owning a vehicle outright.