GrabRentals Car Ownership Scheme

GrabRentals
Car Ownership Scheme

Car Ownership Scheme

What is the scheme about?

The GrabRentals Car Ownership Scheme allows you to become proud owners of your own car. Drive away a brand new car from just $90/day!

With exorbitantly priced COE premiums, car ownership schemes are fast becoming a popular choice. Enjoy the same convenience of owning a car without worrying about COE prices, insurance, road tax and more.

We designed this scheme so that the experience of buying a car is affordable and hassle-free. Simply pay a small deposit upfront, and affordable daily rates over 4-6 years. All you have to do is to focus on driving!

Once the ownership scheme is fulfilled, the ownership of a car will be transferred to you, and you may choose to continue driving or sell. 

Your journey of owning a car in Singapore starts here

Want to own a car, but unable to commit to the high downpayments of between $40 – 60k, or a financing plan? We got you covered!

No hefty downpayment or vehicle financing

No impact on total debt servicing ratio (TDSR), you don't have to worry about eligibility for a loan! Ride away with a deposit from $5,000.

Enjoy the same benefits of a fully serviced lease with GrabRentals

Commercial insurance, road tax, servicing and maintenance (tires, batteries, wear & tear replacement etc) all covered

Private Hire Ready:
Drive off right away!

Unlimited mileage with usage in Malaysia. Book your car, sign the contract with us and drive off.

What models are available?

Car collection period: After 25 November 2022, subject to availability

What models are available?

BRAND NEW

Hyundai Ioniq

Hybrid

Rate from $90/day (excl. 7% GST)

5-year$102/day
($110/day incl 7% GST)
6-year$90/day
($97/day incl 7% GST)

Non-refundable deposit: $5,000 OR $3,500 upfront + remaining $1,500 split across 6 months (daily payments)

BRAND NEW

Toyota Sienta

Hybrid

Effective rate from $92/day (excl. 7% GST)

5-year $104/day
($112/day incl 7% GST)
6-year $92/day
($99/day incl 7% GST)

Non-refundable deposit: $5,000 OR $3,500 upfront + remaining $1,500 split across 6 months (daily payments)

BRAND NEW

KIA Cerato

Petrol

Effective rate from $77/day (excl. GST)

5-year $88/day
6-year $77/day

Non-refundable deposit: $3,000

BRAND NEW

Hyundai Ioniq

Hybrid

Effective rate from $77/day (excl. GST)

5-year$97/day
6-year$85/day
7-year$77/day

Non-refundable deposit: $5,000

BRAND NEW

Toyota Sienta

Hybrid

Effective rate from $79/day (excl. GST)

5-year$99/day
6-year$87/day
7-year$79/day

Non-refundable deposit: $5,000

Brand new

KIA Cerato (Brand New)

Petrol

Effective rate from $99/day (incl. GST)

5-year$99/day
6-year$59/day
7-year$71/day

Downpayment: $3,000

Brand new

Toyota Prius Plus (Brand New)

Hybrid

Effective rate from $76/day  (incl. GST)

5-year$76/day
6-year$78/day
7-year$88/day
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Downpayment: $3,000

What’s included in the Car Ownership Scheme?

Component

Eligible Coverage

Comprehensive Motor Insurance covering Singapore & West Malaysia

Servicing and Maintenance
(Tires, batteries, wear & tear replacement etc)

Road tax

GRBeyond Benefits
(31% fuel discount, rental recovery days, family healthcare coverage, merchant benefits & more)

24/7 Breakdown Assistance

Unlimited mileage

Usage in Malaysia

*Compulsory to purchase Collision Damage Waiver (CDW) from $5.35/day, which helps to further reduce your excess by up to 93%.

Add-on Combos available (strongly recommended!)

Purchase our combos (inclusive of Collision Damage Waiver (CDW) and GRBeyond) at discounted rates!

Tier

Price*

Savings

Basic
Combo
$8.35/day
19% (Original: $10.35/day)
Standard 
Combo
$8.55/day
21% (Original: $10.85/day)
Enhanced
Combo
$8.65/day
23% (Original: $11.25/day)

*Prices for add-ons are inclusive of 7% GST

Collision Damage Waiver, from $5.35/day - Reduce accident excess by up to 93% with CDW, which makes you pay only as low as $200

Be protected from hefty accident excess leading to financial damages/losses which arise after a car accident. 

Free replacement vehicle will be provided, subjected to availability. 

➜ Find out more  

GRBeyond, $5/day - Enjoy rental recovery days & healthcare coverage for you and your family!

  • 6 rental recovery days
  • 2 compassionate recovery days
  • 29+2% fuel discount
  • Family healthcare coverage (with only $6 GP consultation)
  • $500 healthcare credits (For 12/24 months contract only)

➜ Find out more  

How do I sign up?

Step 1

Register your interest

Step 2

Book your appointment and sign your contract at Grab@Tampines

grab-rentals-car-ownership-lease-to-own-buy-long-term-leasing

Step 3

Collect your vehicle* and drive away
*Car collection period: After 25 November 2022, subject to availability

Read what others have to say!

Mr Tan Hwa Lerh has been a long-time GrabRentals hirer-partner of more than five years! He is currently a proud owner of a Toyota Prius Hybrid, thanks to the GrabRentals car ownership scheme.

Read on to find out what he has to say about the GrabRentals car ownership scheme (spoiler alert: he thinks it’s awesome!)

➜ Find out more  

Watch what others have to say!

Frequently Asked Questions

GrabRentals is Grab’s very own vehicle fleet. We provide car and motorbike ownership scheme for Grab-partners who want to purchase their own cars or motorbike in an affordable and hassle-free manner. We also have private-hire car rental services for Grab’s driver-partners.

You need to be

  • A Singaporean or Permanent Resident (PR)
  • Valid PDVL/TDVL
  • At least 21 years of age
  • Less than 17 Drivers’ Improvement Points (aka Demerit Points)
  • Driver’s license of at least 1 year

It’s easy!

  1. Book an appointment here 
  2. Proceed to Grab@Tampines during your appointment slot. Please bring your NRIC, PDVL/TDVL & NETS card for document confirmation, deposit payment and contract signing
  3. Car collection will be available from 5 September 2022 onwards, subject to availability
Yes, we provide commercial insurance under ‘Comprehensive’ coverage and also servicing. These will be provided for free until the end of your contract where you would have fully paid for the car. We will also pay for road tax during the contract period. It is optional to purchase Collision Damage Waiver (CDW), to help you reduce your accident excess by up to 93%.

GRBeyond is an add-on package priced at $5/day, which offers a range of benefits exclusively for GrabRentals hirer-partners to get the most out of their rental experience! Enjoy up to 6 rental recovery days, healthcare coverage, 31% fuel discount and more

Click here for more information on GRBeyond

Collision Damage Waiver (CDW) is an add-on priced from $5.35/day, which helps you to reduce accident excess by up to 93% (pay as low as $200 per section). No more hefty costs! We will also provide you with a free replacement vehicle, subjected to availability.

Click here for more information on CDW

The various contract lengths provide flexibility on how long you would like to take to fully pay for the car. Once the ownership scheme is fulfilled, the ownership of a car will be transferred to you. 

This will be automatically deducted from your Grab Driver app credit wallet. The credit wallet can be topped up via the cash wallet, or DBS/POSB ATM machine & ibanking.

Do follow the Accident Procedure in the information booklet which you will receive when you collect a car from us.

Simply contact our authorised workshop as indicated in the information booklet which you will receive when you collect a car from us.

Daily rental charges will still apply. If you have a relief driver, he/she may continue to drive the vehicle.

Yes, you may request to add up to 2 authorised additional GrabRentals driver here

No, you will not be eligible for GRNavigate loyalty programme.

For a normal long term leasing scheme (1 -3 years), you do not own the car, and you will be required to return the car to the leasing company once the lease is over. 

For GrabRental’s Car Ownership Scheme, you will lease a car for 5 – 7 years (depending on the contract duration you have chosen), and pay a daily rental rate over the contract duration. Once the contract is over, the ownership of a car will be fully transferred over to you.

Yes, once the ownership scheme is fulfilled, the ownership of a car will be transferred to you, and you may choose to continue driving or sell. 

Komsan Chiyadis

GrabFood delivery-partner, Thailand

Komsan Chiyadis

GrabFood delivery-partner, Thailand

COVID-19 has dealt an unprecedented blow to the tourism industry, affecting the livelihoods of millions of workers. One of them was Komsan, an assistant chef in a luxury hotel based in the Srinakarin area.

As the number of tourists at the hotel plunged, he decided to sign up as a GrabFood delivery-partner to earn an alternative income. Soon after, the hotel ceased operations.

Komsan has viewed this change through an optimistic lens, calling it the perfect opportunity for him to embark on a fresh journey after his previous job. Aside from GrabFood deliveries, he now also picks up GrabExpress jobs. It can get tiring, having to shuttle between different locations, but Komsan finds it exciting. And mostly, he’s glad to get his income back on track.