The cost of owning a motorbike in Singapore can vary based on several factors, including the type and brand of the motorcycle, insurance coverage, maintenance expenses, fuel costs, and other associated fees. Here are some key components to consider
Motorcycle Purchase Price
The cost of the motorcycle itself will depend on the brand, model, and specifications. Different motorcycles come with varying price tags. This is surely not the most costly price to bear when decide to own a bike.
COE (Certificate of Entitlement)
In Singapore, vehicles are subject to a quota system known as the Certificate of Entitlement (COE). This is a significant cost and is obtained through a bidding process. The COE allows you the right to own and use the vehicle for ten years.
Road Tax
You will need to pay annual road tax, which depends on the motorcycle’s engine capacity.
Insurance
Motorcycle insurance is mandatory in Singapore. The cost of insurance will depend on factors such as your age, riding experience, the type of motorcycle, and the coverage you choose.
Maintenance and Repairs
Regular maintenance and any necessary repairs can add to the overall cost of owning a motorcycle. This includes expenses for servicing, replacing parts, and addressing wear and tear.
With a commitment to transparency and customer satisfaction, HKL Lim Team Motorsport is your trusted partner for all maintenance and repair needs.
Additional cost
It’s important to note that Singapore has stringent regulations and high associated costs for vehicle ownership, including motorcycles. Additionally, the COE system can significantly impact the initial cost of purchasing a motorcycle. Before making a decision, it’s advisable to research and calculate the total cost of ownership based on your specific preferences and requirements.
To own or not to own?
Revolutionize Your Ride: In Singapore’s dynamic landscape, why own when you can rent? Skip the hefty price tags, from COE to maintenance, and embrace the freedom of renting. Choose from a fleet of well-maintained bikes, enjoy tailored insurance plans, and revel in hassle-free maintenance. It’s not just a ride; it’s a cost-effective revolution for the road!
Renting – the solution
At AloRide, you can rent a motorcycle to Malaysia for as low as $45 per day, or $370 per month to try motorcycling in Singapore.
Rent a motorbike with AloRide today. Check out our catalog at https://aloride.com/catalog.
