How is transfer fees calculated?

[Drive]

Hi

Base on lta website, http://www.onemotoring.com.sg/publish/onem...omputation.html, anuone knows how is the "value" of the car determined?

[Fcw75]

Why bother to read so much? It's here, just enter plate number and date of transfer:

 

https://vrl.lta.gov.sg/lta/vrl/action/pubfu...uireTransferFee

Edited October 15, 2008 by Fcw75

[Galantspeedz]

if you do a search, you will notice i have spoken about this quite a few times.....

[Walterkoh]

actually i feel the gahmen suck so much money, transfer fees????

 

by printing an updated ownership of vehicle, they can charge up to thousands of dollars!!!

 

wat is market value? how they determine? whose market value? then might as well do it the fairest way, base on OMV of the vehicle, every year 10% depreciation. when we pre-maturely scrap/export our cars, they also rebate us base on the OMV!!!

 

e.g. the new toyota corolla altis, OMV of say $17,000. at 3 years old, the transfer fee should be $238 only, (3 years depreciation of $17k is $5,100, thus 2% base on remaining $11,900 of the OMV), then y must charge nearly $1k? y must include $10????

 

all blood sucking acts!!!

 

its time they wake up can change the rules!!!!

[Ody_2004]

They are trying to curb speculator in the market. If no transfer fee people will buy low and sell high to the next buyer. So with large amt of transfer fee this practise somehow under control.

[Gs300999s]

anyone know less than 6 months transfer the additional levy how to count one? go online 1motoring enquire, you put in the plate number they will calculate but say will not be able to auto calculate the additional levy!

[Ody_2004]

I believe they need to factor in the COE price differences. Meaning the COE for this car and the current COE price.