Since 2006, Evergreen Rent-A-Car has been a favourite choice for expats looking to lease a car during their time living in Singapore. We caught up with managing director DANIEL ONG to ask him about the leasing market – and his other business interest: cafés and restaurants.
From the launch of the business, Evergreen has worked with particular car brands. Which ones, and why?
We work closely with BMW, Toyota, Hyundai and Mazda. These are the top-selling cars in the market and in high demand.
What’s the most popular car brand among your customers?
Toyota! It produces strong and reliable cars with very good fuel efficiency, and it offers good customer service.
How has the leasing market changed in the past decade?
Singapore has the world’s most expensive car market. The biggest change in the industry has been the stabilisation of the price of the Certificate of Entitlement (COE) and bank interest rates.
Can you explain briefly how the fluctuating price of the COE affects leasing and buying?
This story is from the July 2017 edition of EL Singapore.
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This story is from the July 2017 edition of EL Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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