Car Singapore: Buy

Buying a car in Singapore is famously expensive due to a unique system of taxes and certificates aimed at managing vehicle population growth. To navigate this market, you must understand the primary costs and regulations that go beyond the car's basic price. The Core Costs of Ownership

You will pay an excise duty of 20% of the OMV plus the standard GST. buy car singapore

This is a mandatory permit to own and use a vehicle for 10 years. Prices for COEs are determined by a bi-monthly bidding process and can often exceed the actual cost of the car. Buying a car in Singapore is famously expensive