Ever since the introduction of ride-hailing platforms like Grab and Gojek, many Singaporeans are becoming private-hire drivers to earn an income. Being able to work at your own schedule and own a car is an appealing prospect — but private-hire driving is not without its challenges.
With rental fees, platform commissions and petrol costs, many new and experienced private-hire drivers find themselves in a constant tug of war between operating costs and ride revenue. While some choose to increase revenue by doubling up as delivery drivers for courier services like Lalamove, one of the easiest ..
It is not uncommon for private-hire drivers to be on the road for long hours. Being on the road daily for eight hours or more can put a toll on a person’s body as well as the vehicle they’re driving.Due to the sheer amount of mileage covered by private-hire drivers, wear-and-tear issues can come quick and fast. And if a driver is inexperienced, they may find themselves in a situation where their income is affected as their vehicle is out of commission for a maintenance problem that could easily have been prevented. And it is not just limited to maintenance issues either — here are some common ..
Between buying a new car or leasing one until you own it, which is the better option when it comes to owning vehicles in Singapore?
Singapore has notoriously stringent rules on car ownership, with fees and directives that can be cumbersome. The last thing you want is to add financing your car to that equation. Private hire driving has made cars a worthy investment for income -- the only question is, which one is a better deal? Buying a brand new car outright or a lease-to-own package?
Buying Vs. Leasing: The Difference
The biggest hindrance to owning a car, ev..
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