[crypticc]

Surprised they'd no Singapore posts. I'm here with work and not seen this many flash motors in a long time. Which is unusual because i hear the car tax licence for ten years typically costs more than the car.

Anyhow, just to say hi.

Chris

[tIANCi]

Chris ... It's because they have their own forum. Cars are not cheap there because of the COE, basically your permit to own a vehicle. Its a form of tax revenue. Come see Malaysia, an E92 M3 costs a shade under USD245k here. Road tax is about just under USD3k per year. How's that? :0)

[snoozee]

i'm from singapore. yes the car license (COE) last only 10 years and you have to scrap the car or get a new COE after 10 years. the cost of a COE for a 1.6 litres and above car is now about USD50k. so anyone who wants to buy a new COE for their 10 year old car has to fork out USD50K to use the car for another 10 years.
apart from this COE, the authorities tax you further on new registered cars. for a USD30K car, one will need to pay another USD30K in tax and USD6K (20% of car price of USD30K)in excise duty.
on top of all these, there is the GST (or VAT in UK) of 7%.
add in the margins that the dealers make, you're looking at paying about USD170K for a car which is worth 30K.

[crypticc]

Originally Posted by snoozee

i'm from singapore. yes the car license (COE) last only 10 years and you have to scrap the car or get a new COE after 10 years. the cost of a COE for a 1.6 litres and above car is now about USD50k. so anyone who wants to buy a new COE for their 10 year old car has to fork out USD50K to use the car for another 10 years.
apart from this COE, the authorities tax you further on new registered cars. for a USD30K car, one will need to pay another USD30K in tax and USD6K (20% of car price of USD30K)in excise duty.
on top of all these, there is the GST (or VAT in UK) of 7%.
add in the margins that the dealers make, you're looking at paying about USD170K for a car which is worth 30K.

f**k me. So what are all the guys with lambos paying that are here?

[snoozee]

Originally Posted by crypticc

f**k me. So what are all the guys with lambos paying that are here?

i'll pass on screwing you.

a lambo aventador costs SGD1.5mil which is about USD1.15mil. insurance should be a 5 digit sum yearly. 2nd hand lambos cost anywhere between SGD300K to almost SGD1mil depending on models.

an Audi R8 here cost about SGD900k.

a few weeks ago some guy crashed his Ferarri 599 GTO (which caused 3 deaths ) and that car cost SGD 1.5mil.

basically cars cost at least 4 to 5 times more compared to US or UK.

[crypticc]

Originally Posted by snoozee

i'll pass on screwing you.

a lambo aventador costs SGD1.5mil which is about USD1.15mil. insurance should be a 5 digit sum yearly. 2nd hand lambos cost anywhere between SGD300K to almost SGD1mil depending on models.

an Audi R8 here cost about SGD900k.

a few weeks ago some guy crashed his Ferarri 599 GTO (which caused 3 deaths ) and that car cost SGD 1.5mil.

basically cars cost at least 4 to 5 times more compared to US or UK.

Yeah. Some guys at work were talking about the crash. poor taxi driver and his fair.

[insane79]

crap i thought india was expensive, over here we pay a lot for imported cars like Bmw, Audi Merc etc. Over here a new e90 330i lci will cost you around 81k USD, how much is a new E90 330i lci in singapore?

[snoozee]

no one is bring in the 330i LCI here. for a 335i LCI coupe, it costs about 210K USD. a new F30 335i will cost about 218K USD.

for your 81K USD, we can buy a made in china cherry QQ with some change to spare.