Categorized | Buy rent sell a vehicle

Costs of buying a car in Singapore

COSTS of buying a car in Singapore

Car Price (For new or Second Hand Car) see OMV
Custom Duty – 20% of OMV
Additonal Registration Fee – 100% of OMV
Registration Tax – SGD 140.00
GST – 7%
Vehicle Number Plate – average SGD 25 – 30
Road Tax – see website for calculation below
COE
Insurance
Vehicle Radio License Fee – SGD 27 annual
Electronic Road Pricing (ERP) a special toll when driving into the city during peak hours

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