How much does it cost to buy a car in Singapore? The permit alone now costs up to £45,000.
Thursday, April 19, 2012 at 12:40PM After being asked about chewing gum, caning and whether it is as clinically boring as everyone says it is, often the next thing people want to know about Singapore is how much does it cost to buy an average house or car. Well...
I found out last night that it now costs between £32,000 and £45,000 to buy the certificate (it expires after 10 years) that permits you to buy a car. Yes, you need a permit to be allowed to buy a car. And you then need another permit to keep your 10 year old car.
Singapore has one of the best public transport systems in the world (or so I heard from Top Gear). The problem is that heat and humidity Sinagpore often makes it difficult to get to the train station or bus stop in the afternoon without being soaked in sweat (at least for me). But I guess at these prices, it may be cheaper to take a taxi everywhere.
Anyway, here are the prices of the permits:
|
A |
B |
C |
D |
E |
|
S$64,201 |
S$91,000 |
S$57,589 |
S$1,924 |
S$92,010 |
And here's a link if you're interested in finding out various car prices in Singapore.
For example a Toyota Prius is around S$168,988 and a Mini Cooper S Countryman appears to be S$190,800 (in the UK starts at £22,670 so even if you included all the trimmings and road tax etc., one would struggle to get anywhere close to that ridiculous price).
But the most ridiculous thing about buying a car with any speed or power in Sinagpore is that the speed limit is 55 miles per hour with nowhere to go.
Exchange rate today is about £1 = S$2, US$1 = S$1.25
|
Category |
|
A (1600cc and below), taxi |
|
B (1601cc and above) |
|
C (Goods Vehicle and Bus) |
|
D (Motorcycles) |
|
E (Open) |
Reader Comments (2)
Now the COE for car already hit 90K. Most singaporean can't afford to buy brand new cars due to the high coe, so most choose to consider used cars.
This is just ridiculous...! I mean seriously?? $32000 for a car permit? Besides the permit expires in 10 years..Also one needs a second permit to keep a car. This is the most insane thing that I have heard so far. So if you calculate,you almost spend nearly twice the price to get a car and the worst thing is you are not permitted to drive above the speed limit of 55 miles per hour. So putting it in simple words it is practically too difficult for an average incomer to buy a car.