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#11
08-24-2011, 03:22 AM
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#12
08-25-2011, 07:35 PM
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Okay - 1) that is one ugly car...I have to hunt that person down and give him or her a slap! 2) It just makes me want to hurl!!
I have been flying back and forth to Singapore for the last year. So, here is a quick explanation why the plates and cost of owning a car is expensive as hell. The Singapore Government implemented a BID system. 1) Before buying a car, you have to put in a BID for Certificate of Entitlement (COE) for a vehicle that will last for 10 yrs. The minimum bid for a COE is SD$1000. If you win a COE it is non-refundable...oh, by the way it is Bank Check or Direct Deposit. 2) The catch when you win the COE? You pay the lowest amount...if your lucky, it will only cost you $5000. 3) Then you try to buy a car...ALL vehicles imported into SG are slapped with customs duty around 41%, then the Registration Fee I believe around $1K.. 4) Then here is the kicker - there is something called the ARF (Additional Registration Fee) of hooollllldddd on to your stomachs...150% of the cars open market value...seriously that is not a typo...it's 1 5 0 percent. 5) This does not count the road tax. In conclusion...you have to pay annual registration fee, import duty, road tax, registration fee and plate. A friend of mine that lives in SG has a BMW 328, do you know how much it cost him to have that car? around SD$240,000 Now are you lucky to just go to a dealership, pick out a car, pay for it and then drive off on the same day? Quote:
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Ger <--13 out of 150 that survived the USAF Combat Control Pipeline! Hoyaa!!!!  Drink it, Ride it, Shred it, Splash it, Spray it. Just keep it clean.
 Last edited by Major04; 08-25-2011 at 10:03 PM.
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#13
08-26-2011, 02:29 AM
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That system is crazy. I have just checked the exchange rate and a SG$ is £0.50.
That means that your friend paid around 5x more his 328 than it would cost over here!
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'11 xDrive40d M Sport - 4-zone climate - Active cruise control - top view - side view - massaging/heated/ventilated seats - Powered bootlid - Comfort Access - BMW Advanced loudspeaker system - Rear side windows sunblinds - Adaptive headlights - Soft close doors - comfort seats - DAB digital radio - Panoramic glass sunroof - folding mirrors - High beam assistant - Head up display - Speed limit display - Lane departure warning system - 7 Seats - Digital TV - Internter - apps - USB
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