Petamore 1st Gear January 29, 2015 Share January 29, 2015 The following is an illustration based on high level estimates: In 2014, new car registrations total 28,932. http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP02-2_New_Cars_by_make.pdf Proportion of luxurious car (my definition mercs, volvo, etc) vs bb cars (my definition toyota, subaru, honda etc) is 50:50. Just an estimate for illustration purpose. Basic new car price 100K Maximum 200K Average 150K Coe of an average car 70k Import taxes etc 40k Total coe and taxes 110k Estimated coe and taxes collected in 2014: 28,932 cars x $110,000 = $3,182,520,000 That's $3.2 billion and the amount excludes commercial vehicles and taxis. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 29, 2015 Share January 29, 2015 harlow ... you think? where have you been ... muahahaha 2 Link to post Share on other sites More sharing options...
Fastfive1 5th Gear January 29, 2015 Share January 29, 2015 Well I know mine is. COE is 70k OMV is 19k ARF is 9k I paid 113k for it. Depreciation about 11k per year. I let the dealer make 15k nvm lor. Compared to the 50k that PML makes 15k isn't much. 1 Link to post Share on other sites More sharing options...
Vega Turbocharged January 29, 2015 Share January 29, 2015 no wonder our MCE road so smooth and quiet. 2 Link to post Share on other sites More sharing options...
Ingenius Turbocharged January 29, 2015 Share January 29, 2015 (edited) Just side track a bit, some people I know of, they earn quite well yet they don't drive as they think that car ownership in Singapore is a very high expense with no returns. And so they choose not to own a car but to save. They become quite rich after many years. Car ownership is a bit like drugs, once you started it, you cannot stop. Because it is so nice but so costly. lol. Edited January 29, 2015 by Ingenius 7 Link to post Share on other sites More sharing options...
Andyngps 5th Gear January 29, 2015 Share January 29, 2015 no wonder our MCE road so smooth and quiet. Lol. That is mce bro. Try taking pie either directions in the morning peak hours. Or try mce exiting to ecp during evening. 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic January 29, 2015 Share January 29, 2015 When u drive just drive no need ponder these things, just ensure u can meet the monthly repayments 3 Link to post Share on other sites More sharing options...
lausai88 Hypersonic January 29, 2015 Share January 29, 2015 Car ownership is a bit like drugs, once you started it, you cannot stop. Because it is so nice but so costly. lol. Can stop and you have to stop - when you are too old to drive 3 Link to post Share on other sites More sharing options...
Ingenius Turbocharged January 29, 2015 Share January 29, 2015 With such high cost of car ownership, maybe one should drive more, like up north, to make it more worthwhile. Never driven to Ipoh and penang, hmm, maybe should do it one day. Link to post Share on other sites More sharing options...
Petamore 1st Gear January 29, 2015 Author Share January 29, 2015 (edited) Another side track, since 50% of new car registration are pretty high end cars ie above 150K (ratio of mercs and bmws against toyotas), it is also quite telling why coe prices can be supported. Edited January 29, 2015 by Petamore Link to post Share on other sites More sharing options...
Blackyv Turbocharged January 29, 2015 Share January 29, 2015 When u drive just drive no need ponder these things, just ensure u can meet the monthly repayments Actually I ponder, if I get a promotion, should I ; A) buy a b&b less than 120k car + enough saving for a rolex Daytona/ Europe tour for family or B) buy a entry level mid level car in 150k range with maybe Asia tour package for family or C) buy a satki $200k car and can only afford dingtaifong once a mth. Ummm.... Well, let's see will I get a promotion first.... Hehehe.... 4 Link to post Share on other sites More sharing options...
Ingenius Turbocharged January 29, 2015 Share January 29, 2015 Actually I ponder, if I get a promotion, should I ; A) buy a b&b less than 120k car + enough saving for a rolex Daytona/ Europe tour for family or B) buy a entry level mid level car in 150k range with maybe Asia tour package for family or C) buy a satki $200k car and can only afford dingtaifong once a mth. Ummm.... Well, let's see will I get a promotion first.... Hehehe.... Or if don't drive, can bring family to Europe every year !:) Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic January 29, 2015 Share January 29, 2015 (edited) Actually I ponder, if I get a promotion, should I ; A) buy a b&b less than 120k car + enough saving for a rolex Daytona/ Europe tour for family or B) buy a entry level mid level car in 150k range with maybe Asia tour package for family or C) buy a satki $200k car and can only afford dingtaifong once a mth. Ummm.... Well, let's see will I get a promotion first.... Hehehe.... B Then Tell ur boss about this plan lol Edited January 29, 2015 by Thaiyotakamli Link to post Share on other sites More sharing options...
Baal Supersonic January 29, 2015 Share January 29, 2015 The following is an illustration based on high level estimates: In 2014, new car registrations total 28,932. http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP02-2_New_Cars_by_make.pdf Proportion of luxurious car (my definition mercs, volvo, etc) vs bb cars (my definition toyota, subaru, honda etc) is 50:50. Just an estimate for illustration purpose. Basic new car price 100K Maximum 200K Average 150K Coe of an average car 70k Import taxes etc 40k Total coe and taxes 110k Estimated coe and taxes collected in 2014: 28,932 cars x $110,000 = $3,182,520,000 That's $3.2 billion and the amount excludes commercial vehicles and taxis. Hence, we are a economically driven... 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 29, 2015 Share January 29, 2015 Singaporeans' lives damn miserable Link to post Share on other sites More sharing options...
TyreShield 1st Gear January 29, 2015 Share January 29, 2015 waiting to buy more technology than paper...lol.. 1 Link to post Share on other sites More sharing options...
Benarsenal Turbocharged January 29, 2015 Share January 29, 2015 Cars are like alcohol and ciggys here in S'pore. Cannot completely ban, so might as well tax the hell out of it and maximise profit. That's the Singapore way. 2 Link to post Share on other sites More sharing options...
Nolicense Turbocharged January 30, 2015 Share January 30, 2015 Cars are like alcohol and ciggys here in S'pore. Cannot completely ban, so might as well tax the hell out of it and maximise profit. That's the Singapore way. ya but there is no substitute for alcohol and ciggys. no car can take B. M. W. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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