Singapore’s car leasing sector has seen significant upheaval over the past year, with more than 220 firms shutting down in 2025 alone. As rental companies fold and fleets are repossessed, drivers who rely on leased vehicles for their livelihoods have been left scrambling raising questions about how an industry that benefited from strong demand ended up so exposed.

Kenneth Lee, Honorary Treasurer of the Vehicle Rental Association, and Ng Chee Haw, General Manager at Bolt Car Leasing, join the Breakfast Show to unpack what’s driving the shake-out, from COE volatility and aggressive price competition to debt-fuelled expansion, and what drivers should realistically be watching out for as the sector recalibrates.

Singapore&rsquo;s car leasing sector has seen significant upheaval over the past year, with more than 220 firms shutting down in 2025 alone. As rental companies fold and fleets are repossessed, drivers who rely on leased vehicles for their livelihoods have been left scrambling raising questions about how an industry that benefited from strong demand ended up so exposed.
Kenneth Lee, Honorary Treasurer of the Vehicle Rental Association, and Ng Chee Haw, General Manager at Bolt Car Leasing, join the Breakfast Show to unpack what&rsquo;s driving the shake-out, from COE volatility and aggressive price competition to debt-fuelled expansion, and what drivers should realistically be watching out for as the sector recalibrates.

From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what’s happening — and what’s worth your attention.

Start your day with the stories shaping Singapore — and your place in it.

Join Neil Humphreys and Audrey Siek as they cover the biggest headlines, trending topics, and everyday conversations, unpacked through fresh perspectives, expert insights, and engaging discussion. From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what’s happening — and what’s worth your attention.

And it’s not just talk — it’s your voice. Through polls, messages, and live call-ins, listeners are part of the conversation, sharing their views and shaping the discussion in real time. With a mix of clarity, curiosity, and personality, Let’s Talk, Singapore keeps you informed, connected, and ready for the day ahead.

Start your day with the stories shaping Singapore &mdash; and your place in it.
Join Neil Humphreys and Audrey Siek as they cover the biggest headlines, trending topics, and everyday conversations, unpacked through fresh perspectives, expert insights, and engaging discussion. From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what&rsquo;s happening &mdash; and what&rsquo;s worth your attention.
And it&rsquo;s not just talk &mdash; it&rsquo;s your voice. Through polls, messages, and live call-ins, listeners are part of the conversation, sharing their views and shaping the discussion in real time. With a mix of clarity, curiosity, and personality, Let&rsquo;s Talk, Singapore keeps you informed, connected, and ready for the day ahead.