Thanks, i'll take a look at them links. I'm a patient person so i might be okay, its just as long as i don't end up paying the value of my car twice over - just by importing it.Mad Scientist wrote:Tedious and time wasting yes but you have patient, it is worth it cause the vehicle here cost an arm and a leg. I have no experience in bringing in imported vehicle , SE, knows better
Try this link
http://www.customs.gov.sg/topNav/faq/FA ... ehicle.htm
and this for a headstart
http://www.onemotoring.com.sg/publish/o ... ng/en.html
If there was an affordable way, every man and his dog would be doing it.chster wrote:I would love to get that car to Singapore, in an affordable way.
OMV stands for Open Market Value so not necessarily money you paid. It may be that money if it is in same reasonable range. If it is ridiculously low they will take some average values for the make, manuf. year etc.chster wrote:the OMV is derived based on how much you paid. What if I paid little, since I am getting it from my friend?
It's Singapore's answer, right or wrong, to controlling the traffic as found in KL, Bangkok, and so many other Asian cities.SaadCE wrote:Well, i guess i won't be importing if i'm going to end up paying something like £50000 when my car costs £12000.
Psssh!...
So i can't impot into Malaysia and drive over lol?
What do i do eh?
Yeah, i get the feeling. Damn. I guess theres not much i can do, thanks for your help anyway guys.Strong Eagle wrote:It's Singapore's answer, right or wrong, to controlling the traffic as found in KL, Bangkok, and so many other Asian cities.SaadCE wrote:Well, i guess i won't be importing if i'm going to end up paying something like £50000 when my car costs £12000.
Psssh!...
So i can't impot into Malaysia and drive over lol?
What do i do eh?
You pay GST, registration tax, and additional registration tax no matter whether you import or buy. If you import, it's based upon the total costs... insurance, shipping, and OMV of the vehicle.
Then, you buy a COE, certificate of entitlement to drive it. It's an auction process. Last month a 10 year COE cost $34,000, payable up front.
The Honda Civic, that costs US$20,000 to buy in the US, will cost you S$70,000 to put on the road in Singapore when it's all said and done.
For an imported vehicle worth S$30,000 OMV, with insurance and shipping (and assuming engine larger than 1600 cc's):
a) Pay S$10,000 surcharge
b) GST @ 7% for S$2,100
c) Customs duty @ 20% for S$6,000
d) Pay additional registration fee of 110% for S$33,000
e) Pay COE which is S$43,000 for August (> 1600 cc).
f) Road tax (yearly) S$1,600 or more depending upon engine size
This adds up to about S$105,700 if you are importing a Merc worth S$30K and a 3 liter engine. This doesn't mention the inspection and documentation hassles you must overcome.
Do you get the feeling they don't want you to import?
If you sign up to the "malaysia my second home" package, you need to leave I think 100k us$ in the bank, be retired, etc then you can import a duty free car into Malaysia. which also means you can buy it duty free in the UK.SaadCE wrote:Well, i guess i won't be importing if i'm going to end up paying something like £50000 when my car costs £12000.
Psssh!...
So i can't impot into Malaysia and drive over lol?
What do i do eh?
Is it cheaper to import a car into malaysia, how cheap and then do the same rules apply for importing a car into singapore from malaysia or is it cheap?QRM wrote:If you sign up to the "malaysia my second home" package, you need to leave I think 100k us$ in the bank, be retired, etc then you can import a duty free car into Malaysia. which also means you can buy it duty free in the UK.SaadCE wrote:Well, i guess i won't be importing if i'm going to end up paying something like £50000 when my car costs £12000.
Psssh!...
So i can't impot into Malaysia and drive over lol?
What do i do eh?
Then you can pop over to Singapore with it, though I suspect Singapore has a time limit on Malaysian registered cars.
Strong Eagle wrote:The same rules apply for importation from anywhere. QRM was proposing a scheme whereby you take a second home in Malaysia (and I have no idea what that entails), then import and register your car duty free in Malaysia.
You then drive your Malaysia registered car in Singapore. How long and how often you can do this is unknown, but I think if fair to say that the streets would be full of Malaysia registered license plates if this were easy or possible to do.
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