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BMW 3-Series (E90 E92) Forum
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Bimmerfest 2007
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05-08-2007, 09:20 PM | #23 |
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Well, you can keep cars up until they are 5 years old (when bought from new) then you either sell or keep it & pay an added levy on top of your annual tax to keep an 'older' car on the road. So on top of the $900 you'd pay for tax for the Hyundai Excel, you'll pay an added tax on top of that (like $5000) to keep the car for another 5-10 years.
Hence, like Japan, Singapore will export a lot of their older cars over to places like Australia, where we buy them a heck of a lot cheaper. 2nd hand car market is big, but the same tax levy applies. You dont have to bid so much on the 'COE' anymore but rather, have to fork out the annual tax plus the 'older' car levy every few years. So you might buy a 5 yr old Excel for $40,000 but spend $3000 a year to keep it on the road. I cant be quoted exactly on prices but it's thereabouts. I had a look on an official AA website and as of March 2007, a new 1.6litre Toyota Corolla sedan will set you back $59,000 including the COE. So maybe the hyundai Excel will be about the same price... well, i mean the Accent... as Excel is no longer a current model.
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05-08-2007, 09:23 PM | #24 |
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Still a lot of money though....especially when locals there earn aroudn the same amount as the average Aussie. They are just in-debt a lot more and for longer!
Singapore = approx size of Melbourne city and makes up of 4 million people. It'll take approx 50mins from one end of the island to the other end! Who needs a car??????!!! JUST WALK!
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05-08-2007, 11:18 PM | #25 |
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easier said then done if you don't live in a metropolitan city area
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05-08-2007, 11:32 PM | #26 |
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on a take-home/net basis, this may be true. gross salaries area about twice here in aus vs sing but their tax rates are minute compared to the ones here.
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05-09-2007, 01:34 AM | #27 |
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relativity
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05-09-2007, 01:57 AM | #29 |
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i meant, it is all relative... more taxes here, but we get payed more... less taxes there, but they get payed less... see my point?
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05-09-2007, 02:51 AM | #31 | |
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I have a very good friend who lived in Singapore and he said exactly that too Lea. I guess Australia fit somewhere in the middle. Cheers. |
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05-09-2007, 03:59 AM | #32 | |
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05-09-2007, 04:36 PM | #34 |
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read after the bracket CaptOz
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05-10-2007, 12:26 AM | #35 | |
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05-10-2007, 12:42 AM | #36 |
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Why Singapore have a high tax rate on car is fully understandable because if the car is cheap in singapore then the entire island will occupy by cars. So no complaint abt the high car price in singapore. So compare the price with singapore to Australia is completely irrelevant.
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05-10-2007, 01:43 AM | #37 | ||
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05-10-2007, 04:17 AM | #38 | |
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05-10-2007, 08:00 PM | #40 |
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i make stuff up when i haven't had enough sleep
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05-11-2007, 03:15 AM | #41 | |
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05-11-2007, 08:02 AM | #42 |
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05-11-2007, 08:19 AM | #43 |
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Well we are a capitalist democratic country, like the UK & US etc...
They are not... It's pretty simple really. Ask any of the locals what happens if they say anything publically that is anti-govt or something, they disappear with unbelieveably quickly! It's just that things like that aren't publicised, as the govt sensors the media over there among other things.
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05-11-2007, 06:10 PM | #44 |
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ke? who's joice?
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