chrisng
New Member
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Am comparing the prices across countries and wanted to share the exorbitant price here in Singapore. A Macan 4 EV is currently selling at USD280k , with USD100k going to a certificate to own the vehicle. This certificate has a lifespan of 10 years where one must bid for again at the end of the term , if to continue owning the vehicle. The record bid was USD130k in 2024 and the lowest was a dollar in one freak year some decades ago. Some very lucky dudes.
This regulates traffic in a small city state like Singapore, with the authorities targeting at zero car growth to better manage traffic. In any case, car prices are relatively high here, thus ownership and specs are considered thoroughly before buying a car. Adding to this , the authorities recently introduced a luxury car tax which applies to cars like Porsche and thus the price quoted here. As an example of how much it can affect luxury car prices, any new Rolls Royce will easily cost USD 1 million.
Almost every car owners in Singapore take up car loan for the entirety of ownership.
This regulates traffic in a small city state like Singapore, with the authorities targeting at zero car growth to better manage traffic. In any case, car prices are relatively high here, thus ownership and specs are considered thoroughly before buying a car. Adding to this , the authorities recently introduced a luxury car tax which applies to cars like Porsche and thus the price quoted here. As an example of how much it can affect luxury car prices, any new Rolls Royce will easily cost USD 1 million.
Almost every car owners in Singapore take up car loan for the entirety of ownership.
