Summary
- 2 packages at similar prices can cover very different things. The gap usually surfaces after you sign.
- Without a Collision Damage Waiver (CDW), your accident excess in Singapore can reach $2,500 per incident.
- ERP charges, parking, and charging costs are never included in the monthly rate. They are always your responsibility.
- Mileage caps are common. For PHV drivers, excess kilometre charges can add up significantly over a long contract.
Monthly car rental is supposed to simplify things. One fixed fee, no ownership headaches, no Certificate of Entitlement (COE) to worry about. And for the most part, it does. But the fixed fee is only fixed for what it covers, and what it covers varies more than most providers make obvious. Before you sign anything, it is worth understanding exactly which costs your monthly rate absorbs and which ones land with you.
What is Usually Included in Monthly Car Rental?
A monthly car rental contract may include:
- Vehicle Usage for the agreed rental period
- Road tax
- Motor insurance
- Scheduled servicing and routine maintenance
- Breakdown and roadside assistance
- Basic or comprehensive insurance coverage
- Accident support and reporting
- Customer service or account support
- Cross-border usage allowance (VEP & RFID ready)
However, inclusions vary between providers. Do not assume that every monthly rental package offers the same coverage and conditions. A lower-priced package may also come with mileage limits, additional maintenance charges or a higher accident excess.
Comprehensive Insurance: What It Covers and What It Does Not
Motor insurance is one of the most important inclusions to understand.
Most monthly car rental packages in Singapore include comprehensive motor insurance, which covers accidental damage to the rental vehicle and liability for damage or injury caused to third parties. However, the amount you must pay when making a claim, also known as insurance or accident excess, can vary between rental providers.
Here is how the excess compares with and without CDW.
Without CDW | With CDW | |
Standard accident excess | $2,500 per section | $500 per section |
Included in base rate? | Varies by provider | Not always; confirm upfront |
The excess amount may depend on:
- The driver’s age
- How long the driver has held a valid driving licence
- Whether the accident occurred in Singapore or Malaysia
- Whether Collision Damage Waiver (CDW) is included
- Whether the driver followed the required accident-reporting procedure
Some rental providers offer a Collision Damage Waiver (CDW), an optional add-on that reduces your excess liability. Review the applicable excess and eligibility conditions in the rental agreement before signing.
Servicing, Maintenance, Repairs and What You Do Not Need to Manage
With most monthly rental packages, scheduled servicing, routine maintenance, and repairs caused by normal use are commonly included. Coverage may include vehicle inspections, fluid and brake checks, software checks, and the replacement of selected wear-and-tear items such as tyres, brake pads and wiper blades.
Most providers require hirers to turn up for servicing appointments every 10,000 to 15,000km OR every 6 months, whichever comes first. Missing a required servicing appointment may affect the vehicle’s condition, warranty coverage and the hirer’s responsibilities under the agreement. If delayed or missed servicing leads to damage or mechanical issues, the hirer may be responsible for the related repair costs.
What Is Not Included in a Monthly Car Rental Package?
No monthly rental package in Singapore covers driving expenses. Costs linked to how and where you use the vehicle generally remain the hirer’s responsibility.
These may include:
- Fuel or EV charging
- ERP charges
- Parking fees
- Traffic fines
- Season parking
- Malaysia tolls and road charges
- Exceeded mileage limit (Some rental companies)
- Cross-border charges
- Accident excess (Motor Insurance is already covered)
- Damage caused by misuse or negligence
- Car wash and cleaning
- Lost keys or accessories
- Additional-driver or relief-driver fees
Although comprehensive motor insurance is usually included, the hirer may still need to pay the applicable accident excess when making a claim. Drivers who travel to Malaysia should also check whether cross-border use is permitted, whether advance notice is required and whether additional charges apply.
Getting that clarity upfront takes one conversation. Speak to the Velocity Leasing team to get a clear schedule of inclusions and exclusions in writing, before you sign.
Mileage Caps and EV Charging: The Running Costs Worth Checking Before You Sign
Mileage limits and EV charging are two important running costs to check when comparing monthly rental packages.
Some monthly rental agreements come with a mileage cap. If you exceed the stated limit, an additional charge may apply for each kilometre travelled. This is particularly important for PHV drivers and other high-mileage users. Even a small excess mileage charge can add up over a 12- or 24-month contract. Caps and excess rates vary between providers, so it is worth confirming the specific mileage terms before signing.
Electric vehicle (EV) charging costs are the driver’s responsibility and are not included in the base monthly rate. What you spend depends on your weekly distance, the charger type you use, and whether your provider offers a charging discount. According to LTA’s EV roadmap data, public AC charging in Singapore currently ranges from around $0.40 to $0.65 per kWh, with faster DC charging running higher, so the gap between a high-mileage and low-mileage driver can be significant over a full contract period.
Not all providers operate this way. EV lessees with Velocity Leasing benefit from an EV charging discount of up to 29% at over 4,000 public charging points across Singapore, which can reduce variable running costs over the contract period.
Find a Monthly Car Rental Package with Velocity Leasing
Here is what a full-service package looks like in practice.
Velocity Leasing offers fixed-rate monthly car rental packages with no mileage caps and no excess kilometre charges. Every package includes comprehensive motor insurance, scheduled servicing and maintenance, road tax renewal, and 24/7 roadside assistance and accident tow support.
CDW is available as an add-on from $6 per day, reducing your accident excess from $2,500 to $500. For contracts of 24 months and above, CDW is included at no additional cost for the full contract duration, alongside up to $3,000 in vehicle damage coverage upon contract completion. PHV drivers can access vehicles approved for Grab, Gojek, TADA, Ryde, and Zig, with a fixed monthly rate that supports predictable income planning. EV lessees also benefit from an EV charging discount of up to 29% at over 4,000 public charging points across Singapore.
Browse the full fleet, compare package terms, and get in touch to get a full breakdown of what is covered before you commit. Packages start from $2,400 per month with a deposit from $800.
