Singapore is considered one of the most expensive cities to live in the world, especially if you own a car. Price of cars rises every year, including all necessary taxes such as (Registration fees; GST, Additional Registration Fee (ARF); Carbon Emissions-Based Vehicle Scheme (CEVS); Road Tax; and Special Tax.
This does not even include the accompanying Certificate of Entitlement (COE) premiums, averaging to about $49,651 in 2017, which owners must pay to legally ‘own’ a car (ahem, for a 10-year period). Usually, a typical car in Singapore would cost you around $100,000.
To give you a clearer picture, here are some popular cars in Singapore (inclusive of taxes and COE) and their corresponding prices in other countries.
Mercedes-Benz C-Class and E-Class
You can purchase 3 brand new Mercedes C-Class in US for the price you pay in Singapore ! Mercedes C-Class in Singapore: $190,000 vs US$40,250 ($53,076.87) in the US.
Similarly, you can also get 3 Mercedes-Benz E-Class in the US. The Mercedes-Benz E-Class in Singapore: $252,888 vs US$52,950 ($69,820.40) in the US.
Audi A3 and A4
Among the most popular cars in Singapore, the Audi A3 Sedan starts at S$141,380 vs AU$46,916 (S$47,594.89) in Australia, which is 3 brand new Audi A3 for the price of 1 in Singapore!
The Audi A4 Sedan in Singapore: S$176,980, vs AU$62,131 (S$64,164) in Australia, which is almost the price of 3 brand new Audi A4 Sedan in Australia!
BMW 3 and 5 Series
The BMW 3 Series Gran Turismo starts at a whopping price of S$227,888, compared to £32,260 (S$59,223.23) in the UK. This price can buy you close to 4 brand new BMW 3 Series Gran Turismo in UK!
This is true for the BMW Series 5 as well. The BMW 5 Series starts at S$254,888 while its UK counterpart starts at £36,705 (S$67,387.81).
The Volkswagen Jetta is one of the more affordable sedan cars in Singapore.With a starting price of S$111,400 vs US$18,536 (S$24,378.55) in the US, you can get close to 5 new Jetta in the US!
Toyota Prius and Camry
Another affordable car in Singapore is the Toyota Prius. Priced at S$155,988 vs CA$27,480 (S$27,788.18) in Canada, which is almost 6 Toyota Prius in Canada!
You can get 5 brand new Toyota Camry in Canada for the price of 1 in Canada. The Toyota Camry starts at S$144,988 vs CA$26,590 (S$26,733.85) in Canada.
Honda Jazz and Vezel
The quaint style and relatively small size of the Honda Jazz is perfect for the streets of Singapore. As one of the cheapest cars in Singapore, its starting price is S$77,999 vs £14,115 (S$25,819.02) in the UK, which is the price of 3 brand new Honda Jazz in the UK!
The Honda Vezel has a starting price of S$89,000, vs £17,995 (S$33,024.77) in the UK.
Hyundai Sonata and Elantra
The Hyundai Sonata starts at a reasonable S$120,999 but is still up high compared to CA$24,799 (S$25,110.06) in Canada, which means you can buy almost 5 new Hyundai Sonata in Canada!
Similarly, the Hyundai Elantra starts at S$82,999 in Singapore and CA$15,999 (S$16,070.33) in Canada.
Comment down below, what are your thoughts on the difference in prices of cars in Singapore and other countries?