|
|
| *Travel Tips>>>Singapore Travel Tips |
What does a small car cost in Singapore? |
Travel Info I lived in Singapore 10 years ago and at that time cars were very expensive. What does an average 4 door toyota or similar type cost now including all fees etc.? What about a lease - cost per month ? Travel Tips Before you can estimate the cost of car in Singapore, you need to know the following terms: OMV (Open Market Value) = Actual cost of the car + flight charges, insurance charges and etc; COE (Certificate of Entitlement) = You need to bid for COE (or the agent will bid for you) before you can buy a new car. It's about S$14,000 now; ARF (Additional Registration Fee) = 110% of OMV Duty = 20% of OMV. GST = 5% will increase to 7% this year. For example, consider a normal 1.6 L Toyota with OMV of S$18,000. ARF = 110% * 18,000 = S$19,800 Duty = 20% * 18,000 = S$3,600 Thus, the car will cost S$18,000 + S$19,800 + S$3,600 = S$41,400 (exclude the money importer and agent, saleman earned and GST). Thus a car which actual value only worth less than S$18,000 will cost you about S$50,000 in Singapore. Others toyota altis 1600cc cost about 55k lease cost about 1.1k for the same car Is lower now. The cost for a Toyota Vios 1.5L (from Thailand) -49K, Toyota Corolla Atlis 1.6L (from Thailand) - 55K, Totoya Corolla AXIO 1.5L (latest series, from Japan) - 60K Not worth leasing! 500 |
| Tags |
| Korea Malaysia Maldives Nepal Philippines Singapore Taiwan Thailand Vietnam General - Asia Pacific Buenos Aires |
Travel Info Categories--Copyright/IP Policy--Contact Webmaster |