Car Sharing is the best way to own a car in Singapore?

Cars are expensive to own in Singapore. Other than the cost of the car, you will need to purchase a COE( certificate of entitlement) and there are other costs such as parking, fuel, road tax and insurance. All these costs may easy be $1000–2000 per month. These miscellaneous items usually cost more than the price of the car itself. Furthermore, the cost of fuel is even being taxed by the government as a source of revenue. (Ironically, Malaysia subsidies petrol for their people.