I passed this Rolls Royce sitting on the street while walking back to my hotel. Car ownership in Singapore is expensive.
Initially you must purchase a Certificate of Entitlement. The COE is good for 10 years. Small cars (less than 1.6 liters) are about $50,000 while larger ones are about $70,000. The purchase price of the car is then taxed at 110%. A small car with a "window sticker" of $30,000 can end up costing well over $100,000.
Having that much invested in your ride might give some people second thoughts about parking it on the street. If you can afford to spend upwards of $1,000,000 for your ride you might want to keep it close to home like this guy.
Initially you must purchase a Certificate of Entitlement. The COE is good for 10 years. Small cars (less than 1.6 liters) are about $50,000 while larger ones are about $70,000. The purchase price of the car is then taxed at 110%. A small car with a "window sticker" of $30,000 can end up costing well over $100,000.
Having that much invested in your ride might give some people second thoughts about parking it on the street. If you can afford to spend upwards of $1,000,000 for your ride you might want to keep it close to home like this guy.
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