Guidelines on Rental Rates for Vehicles Hired for Driving Trades

Ms Yeo Wan Ling asked the Minister for Transport whether the Ministry plans to provide guidelines to vehicle rental companies on recommended rental rates for vehicles hired for the driving trade, such as private hire vehicles.

Mr S Iswaran: Vehicle rental rates are part of commercial agreements between vehicle rental companies and drivers. The Land Transport Authority does not set guidelines on such terms and rates, which are commercially determined. To remain competitive, vehicle rental companies may offer different packages and contracts, which cater to the different needs and preferences of drivers.