Owning in Singapore

[bimmer boy 21]

Be warned: it is very expensive to own and drive a car in Singapore. Wary of the fact that uncontrolled growth in the number of vehicles will result in traffic jams in land and road scarce Singapore, the government has implemented a range of measures to manage car ownership and usage. These include the Certificate of Entitlement (COE), Vehicle Quota System (VQS), road taxes and Electronic Road Pricing (ERP). All motor vehicles must be registered with the Land Transport Authority (LTA).

Vehicle taxes and registration fees

All motor vehicles imported into Singapore are slapped with a customs duty of 41 per cent ad valorem. There is also a Registration Fee to be paid. The fee is $1,000 for private vehicles and $5,000 for company vehicles. In addition, when a car is first registered (whether new or used), an Additional Registration Fee (ARF) of 150 per cent of the car's Open Market Value is payable. All these make the price of cars here artificially inflated compared to those in the States or Europe.

So what does all this mean for your dream car? Some estimates (including annual registration fee, import duty, road tax, registration fee and number plates) are: Audi A41.8 (A) $182,000 (including COE), BMW 328 (A) (2.8cc) $238,000 (including COE); Mercedes 200E $201,902; Volvo 940 Turbo Estate 2.0 (A) $160,753. Either start saving up or make sure your company gets you a car. If not, we're sure you won't find the public transport system here wanting!

Overall cost of the car

Registration fee + Cost Price + Road Tax + COE + additional registration fee (140% of OMV) and customs duty (31% of OMV).

never realised it was so expensive to own a car in singapore

haha i remember when i was ther. there was ferraris and lambo's parked outside our hotel i cant even begin how much these would hav cost considering a 1.8L audi is close to 200k

[bimmer boy 21]

these are some used bmw prices i found it doesnt hav what year they are for some reson i assume the are quite new like post 1999 or somthing

BMW 318iA 1,800 cc $145,000 Inc. .................... $123,169.90 NZD

BMW 318CiA Coupe 1,800 cc $182,000 Inc. .....................$154,582.66 NZD

BMW 320iA 2,200 cc $187,000 Inc. .............................$158,791.30 NZD

BMW 323i Coupe A 2,300 cc $200,000 Inc. ...........................$169,830.27 NZD

BMW 328i Coupe A 2,800 cc $229,000 Inc. ............................$194,468.66 NZD

BMW 330iA 3,000 cc $208,000 Inc. ............................$176,635.29 NZD

BMW 520iA 2,200 cc $173,800 Inc. ..........................$147,587.15 NZD

BMW 523iA 2,300 cc $232,000 Inc. .........................$197,009.31 NZD

BMW 728iA 2,800 cc $270,000 Inc. ........................ $229,263.28 NZD

BMW Z3iA 2,000 cc $181,000 Inc. ........................$153,691.31 NZD

and these are some other prices im just gunna throw in cos its absolute robbery and just plain wrong

Mazda MX5 Roadster 1,839 cc $131,988. .........................$112,072.63 NZD

Toyota ECHO GLi (A) 1,000 cc $89,988 ..............................$76,418.50 NZD

Toyota Corolla 1.6 DX (A) 1,600 cc $93,988 ..........................$79,815.33 NZD

[cage 0]

GO ECHO GO

OMG

BMW 728iA 2,800 cc $270,000 Inc. ........................ $229,263.28 NZD

[bimmer boy 21]

o and aswell as that i dont know if it says it up top but if u hav a older car it costs more to keep on the road as it costs more as each year as the COE price goes up

so i doubt anyone over there owns a e30 no more owning a e30 there would be like buying a brand new car here every year

[bimmer boy 21]

GO ECHO GO

OMG

BMW 728iA 2,800 cc $270,000 Inc. ........................ $229,263.28 NZD

hmmm imagine how much a 750 would cost cos the COE price is determined by how many litres the car is