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by dot dot dot » Tue, 01 Nov 2005 11:31 am
Cars may be 'need to have' in most countries in the world, but certainly it is a 'nice to have' in Singapore.
Prices are actualy going down continuously, but that certainly doesnot mean they are really that affordable. Expect to pay about S$70K - 80K for a midrange Japanese medium size car (Toyota Corolla) to around S$100K for premium sized Japanese car (Toyota Camry) or about S$130K - 180K for the BMW / Mercedes kind of brands in medium to premium range.
This is including the COE (certificate of entitlement), which is a 10 year cert, that makes cars so expensive here. Now this COE is dropping all the time, as there are more and more being issued by the government.
Then there is your road tax, which is based on the volume of the engine, a 2.0litre car will cost you around S$ 1500 per year on road tax. Insurance to be added, about S$ 2000 per year, depending on history records and size of car etc.
Petrol here is around S$ 1.60 per litre for 95 octane.
Parking is expensive in downtown area, bit less in the suburbs, but still it will add quite a few to the monthly bills for the luxury of a car here.
MRT, cabs, busses are cheap, really cheap.
So it will be a matter of willing to pay premium money for the luxury and supposed freedom to own a car...
Eric