Singapore Expats Forum

Is it really expensive to own a car in Singapore?

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.

Sponsored by:
Image
The Club Residences

bev_allen
Newbie
Newbie
Posts: 1
Joined: Mon, 25 Jul 2011
Location: 941 Fowler Avenue Griffin, GA 30224

Is it really expensive to own a car in Singapore?

Postby bev_allen » Mon, 25 Jul 2011 2:11 pm

Hi everyone!

I will be flying from Georgia to Singapore next month and I am trying to find out on rougly how much would it cost to own a car? Do you think that I would be able to get a 2nd hand continental car with a $70K budget? or should I just lease one? I will be staying in Singapore for good and would need a car for business purposes.

Thanks everyone and I appreciate your help on this!

Beverly

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 35509
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Mon, 25 Jul 2011 3:09 pm

Is that why you are posting from Missouri? :o

matchbox
Newbie
Newbie
Posts: 2
Joined: Tue, 26 Jul 2011

Postby matchbox » Tue, 26 Jul 2011 9:43 am

hi bev_allen

I know a new volkwagon polo 1.4L will cost around or at least S$105k in singapore.... you can check out this website here...

www.sgcarmart.com/

curiousgeorge
Reporter
Reporter
Posts: 549
Joined: Thu, 03 Jan 2008
Location: Singapore

Postby curiousgeorge » Fri, 29 Jul 2011 8:38 am

What you need to know is that any vehicle requires a Certificate of Entitlement to be on the road in SG.

This is the way the SG gahmen keeps a lid on the number of vehicles clogging the streets (as well as electronic road pricing).

So, a new 1.8L car today will cost:

Car price
Additional registration fee (170% of the value of the car)
sales tax (7%)
COE - currently about $72,000!


So when you see a 2nd hand car for sale in SG, its price will be a combination of Open Market Value AND the remaining COE.

If you buy a 9 year old car, it could be dirt cheap, but unless you intend to trash it in a year, it will cost you another 60,000-72,000 to keep it on the road for another 10 years when the COE is up for renewal.

SGcarmart is the place to start your search.

BUT BEWARE: SG also has 'red plate'cars that are only permitted on the roads 7pm-7am and on weekends...the additional registration fee and COE are much lower, so the cars are much cheaper...but you can't use it during business hours! (Well you can buy a coupon to display for $20 a day or something, AFAIK). These are known as OPC or Off-Peak Cars.

Take a look at this article http://www.sgcarmart.com/news/writeup.php?AID=12

User avatar
ScoobyDoes
Manager
Manager
Posts: 1667
Joined: Wed, 29 Nov 2006
Location: A More Lucky Spot

Postby ScoobyDoes » Fri, 29 Jul 2011 9:59 am

curiousgeorge wrote:What you need to know is that any vehicle requires a Certificate of Entitlement to be on the road in SG.

This is the way the SG gahmen keeps a lid on the number of vehicles clogging the streets (as well as electronic road pricing).



That's working very well then, isn't it? :roll: :roll:

They did it the wrong way here (of course) by putting in the CoE. In principle it can work but suddenly and overnight they elevated the car to a status symbol of wealth and the CoE an item that can be traded.

Great..... put an item that can be traded in a Chinese environment :wink:

Hong Kong has basically done it more correctly. Using Matchbox's example of the Polo, there a brand new one is HK$166,000 (RRP) that today is SG$25,660 at today's exchange rate.

At this price the car is not a status symbol - anybody CAN afford to buy one - hence public transport is more widely used in the territory.

The roads are not clogged up any more than Singapore's currently are and the thing governing there population is basically parking fees and the road tax in comparison to Singapore. Road tax on that Polo in HK is equivalent to SG$880 today whilst here it's $620. Doesn't sound like a big difference but it's basically 30% and I would say the other running costs such as fuel and insurance etc. may run with similar (or more) differences.

RON98 Super Unleaded in HK is ~SG$2.80/L compared to around SG$1.90/L here. In the end, then, you pay based on USAGE and this is more FAIR.

Sorry, went OT :wink:
Last edited by ScoobyDoes on Fri, 29 Jul 2011 4:37 pm, edited 1 time in total.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'

SIR Stirling Moss OBE

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 35509
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Fri, 29 Jul 2011 10:42 am

ScoobyDoes wrote:
Sorry, went OT :wink:


And what, may I ask, was a respectable person doing in OT? :o

Abbreviations with double meaning can get one into trouble, especially with the level of masters degree holders here. :lol:

User avatar
ScoobyDoes
Manager
Manager
Posts: 1667
Joined: Wed, 29 Nov 2006
Location: A More Lucky Spot

Postby ScoobyDoes » Fri, 29 Jul 2011 11:41 am

OP (Original Poster) = NG (New Guy) = OT(Off Topic) = DKOT

Doesn't Know OT (400 Orchard Road)....... YET = um, Yet ;) :lol:



Anyway, you ah, too long in Singapore is it? Said 'went OT' not 'went TO OT'.... speak proper English my friend and it will save you some grief.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'



SIR Stirling Moss OBE

User avatar
boffenl
Reporter
Reporter
Posts: 565
Joined: Wed, 20 Dec 2006
Location: Clementi all the way baby!

Postby boffenl » Fri, 29 Jul 2011 12:01 pm

YES, you can certainly afford a second hand car with a $70k budget. Check out sgcarmart.com and look around. I just sold my Mazda since it just got too expensive (gas is CRAZY here, parking and insurance fees are insane).

Good luck!

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 35509
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Fri, 29 Jul 2011 12:05 pm

boffenl wrote:YES, you can certainly afford a second hand car with a $70k budget. Check out sgcarmart.com and look around. I just sold my Mazda since it just got too expensive (gas is CRAZY here, parking and insurance fees are insane).

Good luck!


You using CNG? or like me, still cannot get used to saying Petrol. :oops:

User avatar
boffenl
Reporter
Reporter
Posts: 565
Joined: Wed, 20 Dec 2006
Location: Clementi all the way baby!

Postby boffenl » Fri, 29 Jul 2011 3:24 pm

Yeah, I debated writing gas/petrol but since he's a newbie from the US went with gas. Hey, we all have gas, right? Ah, it's Friday that's my only excuse. And I've been thinking about Tastycakes since the post earlier this morning. Pandan cake doesn't cut it. :roll:

User avatar
taxico
Director
Director
Posts: 3190
Joined: Sat, 10 May 2008
Location: Existential dilemma!

Postby taxico » Fri, 29 Jul 2011 6:35 pm

i like using "gas." it's short. it's simple.

but i dislike being asked "what do you mean 'gas'?"

"petrol" also needs to be pronounced local style...

emphasis on the TROL instead of the PE...
Aut viam ad caelum inveniam aut faciam

User avatar
taxico
Director
Director
Posts: 3190
Joined: Sat, 10 May 2008
Location: Existential dilemma!

Postby taxico » Fri, 29 Jul 2011 6:40 pm

taxico wrote:emphasis on the TROL instead of the PE...


actually... i honestly don't know which is the correct pronunciation.

maybe that's why i i prefer "gas"
Aut viam ad caelum inveniam aut faciam

User avatar
nakatago
Moderator
Moderator
Posts: 8335
Joined: Tue, 01 Sep 2009
Location: Sister Margaret’s School for Wayward Children
Contact:

Postby nakatago » Fri, 29 Jul 2011 6:52 pm

taxico wrote:
taxico wrote:emphasis on the TROL instead of the PE...


actually... i honestly don't know which is the correct pronunciation.

maybe that's why i i prefer "gas"


From wikipedia:
Gasoline ( /ˈgæsəliːn/), or petrol ( /ˈpɛtrəl/), is a toxic translucent, yellow-tinted liquid mixture, derived from petroleum, which is primarily used as a fuel in internal combustion engines.


...so no emphasis on either syllable and you just kinda roll from one syllable into the next...

dani2012
Newbie
Newbie
Posts: 3
Joined: Mon, 01 Aug 2011
Location: singapore
Contact:

Postby dani2012 » Mon, 01 Aug 2011 4:14 pm

actually you can always have contacts of the local cab drivers, they are really good for your transport once you have about >10 contacts
I love wall decals and wall stickers http://www.stickers.sg


  • Similar Topics
    Replies
    Views
    Last post

Return to “Relocating, Moving to Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests