ARF of up to 180% - how will things change?

[Alheych]

 

Will this reverse the trend of luxury brands being top sellers?

Edited February 25, 2013 by Alheych

[Bomby929]

140% ARF for cars with OMV above $50,000

180% ARF for cars with OMV above $80,000

 

Will this reverse the trend of luxury brands being top sellers?

 

Why would you want to reverse the trend of luxury brands being top sellers?

[13177]

How would this change affect the current car price?

[Alheych]

Because the percentage difference between a Corolla and a C180 is so small now people would opt for a C180.

 

With ARF differentiation, maybe people will consider the Corolla again? I know it doesn't make mathematical sense. But Singaporeans don't buy cars based on mathematics, or no one would be buying cars.

[Beehive3783]

So if a car's OMV is 55K, is it right to calculate it like this:

 

20K of OMV will be taxed 100% of 55K

next 30K of the 55K will be taxed 140% of 35K (incremental OMV of 55K after the first 20K?)

final 5K of the 55K will be taxed 180% of 35K

 

The words presented in the table seems very confusing. Not as simple as taxing 180% of the full 55K OMV.

[Unfair]

So if a car's OMV is 55K, is it right to calculate it like this:

 

20K of OMV will be taxed 100% of 55K

next 30K of the 55K will be taxed 140% of 35K (incremental OMV of 55K after the first 20K?)

final 5K of the 55K will be taxed 180% of 35K

 

The words presented in the table seems very confusing. Not as simple as taxing 180% of the full 55K OMV.

 

i think its below.

55k OMV

First 20k OMV @ 100% = 20k

Next 30K OMV @ 140% = 42k

Next 5k OMV @ 180 % = 9k

 

Total ARF = 71k.

[Gaolow]

Next month start..so this week before 1st March..all chiong show room to buy before the price up..

next week COE up again???

[Alheych]

for now, i can see 2 things may happen:

 

1. people who are looking to buy an expensive car today will go buy someone's cat E COE at high price so that it won't fall under 1st COE bidding of March.

 

2. (I speculate) we may start seeing lower spec cars that were never imported into Singapore: plastic bumpers, cloth seats, steel rims, just to push OMV below $20,000

Edited February 25, 2013 by Alheych

[Jojoman]

SIANZ...i know who to vote for in 2016

[Mllcg]

its 30k. not 20k

 

http://www.channelnewsasia.com/stories/sin...1256373/1/.html

[F355]

Wah if supercar say OMV 400k ARF under old scheme 400k.

 

Under new scheme,

1st 20k = 20k

next 30k = 42k

balance 350k = 630k

Total ARF 692k

 

Almost 300k difference ; so present owners of supercars can make money ?

[Alheych]

its 30k. not 20k

 

http://www.channelnewsasia.com/stories/sin...1256373/1/.html

 

should be CNA wrong. the first jpg comes from ST who seems to have photocopied from MOF handout.

[Vega]

used car market will get even hotter.......

[Wpohwah]

Does that mean if we scarp our car early..... will we get more or less back? Sorry need advice on this. Confuse

Edited February 25, 2013 by Wpohwah

[Kyrios]

So it finally makes sense to renew our ten year old COEs?

[Cow28]

Does that mean if we scarp our car early..... will we get more or less back? Sorry need advice on this. Confuse

 

Confused confused ... especially what is the impact on second hand cars.. got a second hand car to sell !!!

 

[Simplecar]

How would this change affect the current car price?

That is THE question

[Dfx16]

So it finally makes sense to renew our ten year old COEs?

 

2nd to actually what I'm thinking

 

Does it made more sense for me to renew coe next yr?

My current made omv 40k due expire 2014, 2.0L jdm

 

What about road tax? Is the 30% off, 1 time off or on going?

 

Edited February 25, 2013 by Dfx16