Re: alfa-digest V6 #31

[Johnny <johnquek@sni.com.sg>]

> Date: Fri, 06 Mar 1998 15:26:16 +0800
> From: Johnny <johnquek@sni.com.sg>
> Subject: Re: alfa-digest V6 #28
>
> Since Kai brought up this issue, would like to let you guys know how expensive it is to own a car in Singapore, the 'FINE' city.
>
> Firstly, before you can buy a car, you'll have to bid for a Certificate Of Entitlement (C.O.E) in order to buy a car. The govt. implement this to control the number of newly register cars on the road. Every month the govt will decided on how many C.O.E to be released and each C.O.E is valid for only 10-years and you must register the new car/vehicle within 3 months after a sucessful bidding. After 10 years, you can extend for another 5 or 10 years base on average of 12 months bidding prices, else you'll have to scrape or export the car. The car dealers will do the bidding work for you and will package theirs cars together with the bidding price.
>
> The C.O.E is divided into 7 categories:
> 1) Small cars:         1000cc & less
> 2) Medium cars:     1001 to 1600cc & Taxis
> 3) Large cars:        1601 to 2000cc
> 4) Luxury cars:      2001 & above
> 5) Goods vehicles & buses
> 6) Motorcycles
> 7) Open categories
>
> You'll have to bid in the category base on the type of vehicle you want or you can bid under open categories which can be use for all type of vehicle and is also ownership transferable.
> Sucessful bidding prices for cars (cat 1 to 4) for the past 12 months is from as low of S$50.00 to S$76,000.00. Open cat from S$36,000.00 to S$76,000.00. Most of the sucessful bidding prices is more then 2 times the price of the car prior to import tax.
>
> Taxes:
> 1) Import or custom tax for cars is at 150% on the base price of the car (the price the Dealers pay to the Manufacturers). It was at 175% before the implementation of the C.O.E.
>
> 2) Petrol (98 Octane unleaded) is about S$1.20
>
>
> 3) Road tax per year is also divided into catergories:
>
>     1000cc & less is at        S$0.70 per cc
>     1001 to 1600cc   at        S$0.90 per cc
>     1601 to 2000cc   at        S$1.05 per cc
>     2001 to 3000cc   at        S$1.25 per cc
>     3000cc & above at        S$1.75 per cc
>
> So for this month if I were to buy a 146 2.0 ti, it will cost me S$136,000.00 on the road with a vaild 1/2 year road tax (excluding insurance) and a C.O.E. As for Spider 2.0 16V, it is S$176,000.00. Road tax per year is at $2068.50 (base on 1970cc) for both cars.
>
> Others, - BMW 328iA will be S$203,000.00 excluding the C.O.E. & insurance,
>               road tax at S$3491.25 per year.
>             - Porsche Boxster at S$293,800.00 excluding the C.O.E. & insurance,
>               road tax at S$3100.00 per year.
>             - Porsche 911 Carrera Coupe at S$503,000.00 excluding the C.O.E. & insurance,
>               road tax at S$6300.00 per year.
>
> Beside all this, there are car park fees from S$0.90 to S$2.00 per hour for hourly and S$60.00 to S$200.00 per monthly depending on locality. S$2.00 to S$3.00 to enter the Central Business District during the day & S$2.00 to use the Highway.
>
> So, only the very rich in Singapore can afford more than 1 cars.
>
> Sorry for the long mail!!
>
> Johnny Quek, Singapore
>
> 90' 33 Boxer 16V
>
> ------------------------------

Just check with the relevant authorities, there's some mistake on the custom tax:

1) Custom tax (inclusive of  3% GST, Goods & Services Tax) for cars is at 45% on the base price of the car (the price the Dealers pay to the Manufacturers). On top of that, there's an additional cost of 150% on the base price of the car payable to the Land Transport Authority (LTA).  This was at 175% before the implementation of the C.O.E.

2) Petrol (98 Octane unleaded) is about S$1.24 per liter.

Johnny Quek, Singapore

90' 33 Boxer 16V