24 car-related fees to rise in Dec

[Net1sg1969]

http://www.sgcarmart.com/news/article.php?AID=18147

 

To support social spending ?

 

 

Vehicle registration fees and transfer fees are just two of 24 car-related fees that will be raised, with effect from 20th December.

06 Dec 2017 | Local News : Singapore

 

Vehicle buyers will have to pay more for a wide range of vehicle-related services from 20^th December. The Land Transport Authority (LTA) is raising the rates for a slew of fees from vehicle registration to vehicle transfer. In a letter sent out to motor traders last Friday, the authority said the change was because of 'rising costs of providing these services'. These services, it said, included things like the setting up and maintenance of IT systems, as well as manpower cost.

Some say the hike in car-related fees are small when compared to others such as the Vehicular Emissions Scheme (banding rebates and surcharges shown above)

The biggest hikes include those made to registration fees, which will go from $140 today to $220, a 57 percent hike; and transfer fees (which is levied when a vehicle's ownership changes), which will more than double from $11 to $25. The cost to lay up a vehicle (to stop the vehicle from incurring tax and insurance costs for an extended period when it is not used) will more than triple from $5.35 to $17.12.

In response to queries from The Straits Times, an LTA spokesman said the changes arose from 'a review of fees that are collected for administering vehicle services'. "From 20^th December, 24 out of 61 existing fees will be adjusted upwards, as these fees have largely remained unchanged for more than 10 years," she said.

Motor traders were surprised by the move. Mr. Nicholas Wong, General Manager of Honda agent Kah Motor, said, "These fees are small when compared with things like Certificate of Entitlement and the Additional Registration Fee, so I don't understand why they have to be raised. "I guess this is part of the tax increases was pre-empted recently."

Mr. Neo Nam Heng, Chairman of diversified motor group Prime, said he would refrain from commenting on tax revenue issues, but pointed out that 'cost will be passed on to consumers'. Motorist Gay Eng Joo, 46, said, "Cars are big-ticket items here, so I don't think these changes will make much of a difference to consumers." Mr. Gay, an engineer, said other schemes such as the new Vehicular Emissions Scheme (VES), which starts next month will have a 'bigger bite'.

The VES metes out tax rebates or surcharges according to a car's emission levels. The majority of cars available today will either lose their rebates or face surcharges from next month.

 

Edited December 7, 2017 by Net1sg1969

[Friendstar]

Wah lau!!! Enough la!!!!!

[Othello]

Pay And Pay   

[Jwee85]

Vehicles population are STAGNANT at zero % growth.

 

Means no need increase in staff count, or even increase computers system to maintain the same database information.

 

Transfer ownership is just a few key-stroke int he computer.

Same goes for Lay-up, just key in the data.

Don't even need on-site inspection or survey! Why the huge increase in fees??

 

Come on... what has changed?

Edited December 7, 2017 by Jwee85

[RH1667]

Some how whenever they raise / increase whatever fee , one of the reason they use is always " last adjustment was more then 10 years ago blah blah blah ". 

whatever happen to increasing productivity and efficiency that the garment have been telling citizen to work on? 

IT system maintenance / installation price up by so much?  

 

but, still suck thumb if you want to own a car. 

Edited December 7, 2017 by RH1667

[kdash]

hmm transfer fees doubled... means now they need 2 persons to process? 

[Griever]

Or the same person salary increase double from 10 years ago?

[DACH]

Vehicles population are STAGNANT at zero % growth.

 

Means no need increase in staff count, or even increase computers system to maintain the same database information.

 

Transfer ownership is just a few key-stroke int he computer.

Same goes for Lay-up, just key in the data.

Don't even need on-site inspection or survey! Why the huge increase in fees??

 

Come on... what has changed?

Despite population increase, productivity remains low.

So why do we still need so many people in this small country?

[Enye]

Come on... what has changed?

 

precisely the point....similar to petrol tax

 

fees didn't change for long time...more than 10 years

 

now your homework is to go look for which other taxes or fees that have not been increased for the last 5-10 years to get ready

 

 

[Andylkkg]

Was hoping they could reduce the cost of VRN number retention or transfer to an used car, now, seem like unlikely; did not increase can "tao chio" already!    

[Ronkovic]

As they always say, "Thank You for Your Contribution to Nation Building'. 

[Kyrios]

As usual, Cow and LTA's attempts to shore up their year end books by releasing news of 0% car growth failed to ignite their dream COE shoot up..now have to resort to petty tricks..

 

all for their year end KPI and 36 mths bonus??

[Eyke]

Was hoping they could reduce the cost of VRN number retention or transfer to an used car, now, seem like unlikely; did not increase can "tao chio" already!

u dunno our Gahment pattern meh?

 

 

[Strat]

someone need to pay for our "world class" MRT maintenance mah..

[Net1sg1969]

hmm transfer fees doubled... means now they need 2 persons to process? 

 

No.

Maybe we need to self transfer online

[Andylkkg]

u dunno our Gahment pattern meh?

 

 

[Picnic06-Biante15]

hmm transfer fees doubled... means now they need 2 persons to process? 

 

Yup....

 

One key in customers application into the system and the other go and retrieve print out copies for customers...   

[Kia7200]

Recently got so many increase of charges/fees for cars. From parking to this

 

 

Smrt deploy buses charges also want to charge us

 

Terminal 5 also want travellers to pay.

 

Their skin is really super thick

I think these ppl will implement a min bid for coe soon.

 

Min 50k to ensure their bonus and high pay job. Pcb