See how much your car would cost if buying in Singapore...
See how much your car would cost if buying in Singapore...
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Discussion

Cockey

Original Poster:

1,387 posts

258 months

Wednesday 20th July 2011
quotequote all
http://www.sgcarmart.com/new_cars/newcars_pricing....
(divide the $ figure by 2 to get £)

One of the most expensive places to buy cars - so glad I don't live there!

Quite shocking how much they have to pay, and it's quite normal for people in average jobs to borrow £100k to buy a basic BMW.

Oh, and I heard that when a car reaches 10 years old it has to be scrapped, unless you pay a huge amount of cash (tens of thousands) to get a special certificate for it.

Dunclane

1,465 posts

199 months

Wednesday 20th July 2011
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$150,000 for my Skoda VRS!!!! or 10% down and..

Monthly Installment $1,345
Total Interest Paid $25,532
Total Sum Paid $161,342

FisiP1

1,279 posts

183 months

Wednesday 20th July 2011
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There is a fellow from singapore on another forum who has just had a new boxster spyder, ouch.

Chiswickboy

549 posts

218 months

Wednesday 20th July 2011
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Jesus H on a bicycle!

I remember when the exchange rate was $10 to the £. Are cars any cheaper across the Causway? Will have to check tonight at home as I am at work ond the phone is ringing.

PaulB81

883 posts

190 months

Wednesday 20th July 2011
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My cousin lives there. I went with her when she bought a BMW 130i. It was about 90k!!

ClaphamGT3

12,246 posts

273 months

Wednesday 20th July 2011
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A smidge under £300k for the E63!!!!

louiebaby

10,987 posts

221 months

Wednesday 20th July 2011
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I know there are some horrific taxes in Singapore on new cars, but the simple exchange rate doesn't tell the whole story.

A friend has been looking at jobs around the world, and and we decided the best measure of whether he would be better off in one place or another was the BigMac per month test.

Monthly wage after all taxes paid divided by price including taxes of a regular BigMac Meal. Not that we would ever spend a months wages on BigMac Meals, but it is a useful comparison.

I'm sure their wages aren't high enough to offset the tax on the cars, but they are probably higher anyway...

ukzz4iroc

3,503 posts

204 months

Wednesday 20th July 2011
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That is just the start. You need to then buy a COE- Certificate Of Entitlement which is $.000s and yearly tax is based on engine size too....

LukeSi

5,780 posts

191 months

Wednesday 20th July 2011
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$225,800
Its a fricking 3 series BMW.

£112,900 for a bloody 325i. That isn't even as expensive as mine. How can a car worth at most £37,000 bloody cost 113 thousand pounds.

Tyson1980

712 posts

186 months

Wednesday 20th July 2011
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I remember when backpacking in 2005. I saw some amazing cars on Orchard Road...


PaulB81

883 posts

190 months

Wednesday 20th July 2011
quotequote all
LukeSi said:
$225,800
Its a fricking 3 series BMW.

£112,900 for a bloody 325i. That isn't even as expensive as mine. How can a car worth at most £37,000 bloody cost 113 thousand pounds.
Anything Western is mega expensive. 90% of the cars you see driving round there are toyotas and hyundai etc. Fantastic place to visit / live though. If any of you get the chance to go there, take it smile Just make sure you take plenty of spending money its a tad expensive!!

Alfa numeric

3,169 posts

209 months

Wednesday 20th July 2011
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MINI Cooper Auto. $145,800.

£74.5k for a pretty basic MINI.

2010 model Lotus Elise 1.6 is $155,800 and an SC is $213,800- so I'm guessing a 111R is about $185k. I'm glad I don't live there!

Simond S

4,519 posts

307 months

Wednesday 20th July 2011
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$276,800 for a Toaureg. $40k in UK.

Ouch!