In Singapore ,Feeding Three Wives Is Better Than Feeding a Diesel CAR?

Yes, it’s no exaggeration. In Singapore, there’s this saying “feeding three wives is better than feeding a diesel car”. That’s according to taxi driver Uncle Teo. He works for a cab company, and has to pay his customary rental fee every day.

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“In the world, buying a car in Singapore is the most expensive thing. The handling fees, the Certificate of Entitlement (COE) is already close to S$70,000,” said Uncle Teo.

“Just paying that would wipe out all your ability of buying a new car” Uncle Teo added that the COE is nothing but a piece of paper, but it is enough to weigh people down!And the exasperating thing is that it lasts for just 10 years, and you would need to renew after that!

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The Electronic Road Pricing (ERP) is another brilliant scheme of the Singapore government. Shaped like a N-gantry, they are located strategically at big busy roads, and will display the real-time charges for all types of vehicles. In the world-famous Orchard Road, both ends have been equipped with ERP. A charge of S$3 applies to diesel cars of any category, taxis included.

According to official statistics, ERP started in 1998, catering to the current 70,000 vehicle population in Singapore. Almost 96% of the vehicles are equipped with an In-Vehicle (IU) that automatically deduct charges from a cash card slotted in. The IU responds to the signals from the ERP gantries.

If you can handle both COE and ERP, then you’re mentally prepared to own a car in Singapore. Another thing is that Singapore charges 100% tax on cars!

To control the vehicle population from growing, the Singapore government also introduced high taxes on cars.

  • Custom taxes can go up to 45% of the open market pricing
  • Car registration fee is S$1,000
  • Additional registration fee, as charged by the port customs, can go up to 150% of the open market pricing.

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A driver named Mr Lim, revealed that his car expenses are around S$2,000 per month, with carpark charges up to S$500, most of it from his office area. Adding on ERP, diesel oil charges, car installments, it works out to around that sum. He joked: “Singaporeans got car and house, but just no money!”

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In addition to solve this crunch, the Singapore government has been trying hard to develop its public transport lines. No matter whether you have a car or not in Singapore, you would feel proud that Singapore’s public transport is one of the best in the world.

This article was original by NextSingapo.com

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