$31,000 for just a piece of Paper ?
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Why are Singaporeans so desperate to own a car, to the extent of being prepared to pay $31,000 for a piece of paper?
The car itslef is probably worth only $25,000 landed in Singapore, and with all the taxes and other margins thrown in, the price is inflated to FOUR to FIVE times its landed cost.
PLUS the cost of paying FOUR Percent GST on the Final Purchase Price.
All added together to allow an ownership of only TEN Years.
Is this value for money? -
it is not.
but the alternative is taking the bus.
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COE...?
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Don't forget the high annual road tax of at least $900 for a 1600cc car, and also the ERP charges.Originally posted by Spetznaz:owning a car in sg is as good as renting it from da govt 4 a period of 10 yrs wit da COE being da rental fees
The day will come, when every road that you turn into, will be fitted with an ERP gantry.
Each time when your car turn into another road or street, your ERP will deduct your cash card; 20 or 40 cents for every entry into each road or street, the Singapore Drive will become the "taxi driver" for the Government. -
Just treat this COE as the "variable component" on the cost of the car as determined by the needs of the public.
If u hav already intended to buy the car, and hav the means to own it, all the financial calculation has already been done...so it should come as no surprise afterall.
Welcome to the real world
Tat's make Sg unique afterall