Alheych 6th Gear February 25, 2013 Share February 25, 2013 (edited) Will this reverse the trend of luxury brands being top sellers? Edited February 25, 2013 by Alheych ↡ Advertisement Link to post Share on other sites More sharing options...
Bomby929 1st Gear February 25, 2013 Share February 25, 2013 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? Link to post Share on other sites More sharing options...
13177 Supersonic February 25, 2013 Share February 25, 2013 How would this change affect the current car price? Link to post Share on other sites More sharing options...
Alheych 6th Gear February 25, 2013 Author Share February 25, 2013 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. Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged February 25, 2013 Share February 25, 2013 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. Link to post Share on other sites More sharing options...
Unfair 3rd Gear February 25, 2013 Share February 25, 2013 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. Link to post Share on other sites More sharing options...
Gaolow 4th Gear February 25, 2013 Share February 25, 2013 Next month start..so this week before 1st March..all chiong show room to buy before the price up.. next week COE up again??? Link to post Share on other sites More sharing options...
Alheych 6th Gear February 25, 2013 Author Share February 25, 2013 (edited) 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 Link to post Share on other sites More sharing options...
Jojoman Neutral Newbie February 25, 2013 Share February 25, 2013 SIANZ...i know who to vote for in 2016 Link to post Share on other sites More sharing options...
Mllcg 3rd Gear February 25, 2013 Share February 25, 2013 its 30k. not 20k http://www.channelnewsasia.com/stories/sin...1256373/1/.html Link to post Share on other sites More sharing options...
F355 Turbocharged February 25, 2013 Share February 25, 2013 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 ? Link to post Share on other sites More sharing options...
Alheych 6th Gear February 25, 2013 Author Share February 25, 2013 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. Link to post Share on other sites More sharing options...
Vega Turbocharged February 25, 2013 Share February 25, 2013 used car market will get even hotter....... Link to post Share on other sites More sharing options...
Wpohwah 1st Gear February 25, 2013 Share February 25, 2013 (edited) 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 Link to post Share on other sites More sharing options...
Kyrios Turbocharged February 25, 2013 Share February 25, 2013 So it finally makes sense to renew our ten year old COEs? Link to post Share on other sites More sharing options...
Cow28 Clutched February 25, 2013 Share February 25, 2013 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 !!! Link to post Share on other sites More sharing options...
Simplecar 4th Gear February 25, 2013 Share February 25, 2013 How would this change affect the current car price? That is THE question Link to post Share on other sites More sharing options...
Dfx16 6th Gear February 25, 2013 Share February 25, 2013 (edited) 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 ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
20 Iconic Things Turning 50 in 2024
20 Iconic Things Turning 50 in 2024
Checklist: Things to look out for when buying a place
Checklist: Things to look out for when buying a place
COVID-19: Retrenchments
COVID-19: Retrenchments
Windscreen crack - repair or change
Windscreen crack - repair or change
How often do I need to change tyres and battery?
How often do I need to change tyres and battery?
What's your servicing interval for oil change?
What's your servicing interval for oil change?
ATF oil change
ATF oil change