How used cars are driving Singapore’s transportation landscape (Infographic)

Singapore often gets a bad reputation for having one of the highest costs of living in the world. According to the Economist Intelligence Unit, the island nation is the world’s second-most expensive city to live in, a title it shares with Paris.

It doesn’t help that it’s expensive to purchase and maintain a new car in the garden city. The cost of owning a car in Singapore can reach up to US$124,000 over a period of 10 years. With that in mind, used cars are seen as a cheaper solution for drivers in the country.

Here’s a deeper look into how used cars could help Singaporean drivers get their hands on an affordable vehicle to call their own.

Currency converted from Singapore dollar to US dollar: US$1 = S$1.36.

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This content was produced by Tech in Asia Studios, which connects brands with Asia’s tech community. Learn more about partnering with Tech in Asia Studios.