Originally posted by vroomvroom:
This is what i copy from onemotoring website.
Vehicle tax structure:
Registration Fee (RF) $140
Additional Registration Fee (ARF) 110% of OMV
Certificate of Entitlement (COE) Bid in Categories A, B or E
Customs Duty 20% of OMV
Life Span No Statutory Life Span
Say if i want to buy a VIOS now at 55k, what are the hidden fees etc? assuming OMV is abt 13k.
Does tt mean to register a vehicle, actually i got to pay 110% of OMV (abt 14-15k) on top of the 55K i need to pay for the car? What are the hidden fees and taxes (eg, GST, or other duties) tt is needed to buy a car?
Can any expert advice?
Thanks.
According to what info you provide here. With a car of 13k OMV, the total registration cost will be around S$30040 excluding COE. Add in your COE, then the difference in money will actually be the profit of the car dealer.
For more info,
Go here
http://www.onemotoring.com.sg/publish/onemotoring/en/motoring/information/left/buy_a_new_vehicle0/car_cost.html
And download this pdf file.
http://www.onemotoring.com.sg/publish/onemotoring/en/motoring/information/left/buy_a_new_vehicle0/car_cost.MainPar.0019.File.tmp/Car_Cost_2004.PDF