The Cost Breakdown of Importing a Car to Singapore: What to Expect

Importing a car into Singapore involves multiple costs, and understanding them can help you budget effectively. Here’s a detailed look at the various expenses you’ll encounter:

1. Certificate of Entitlement (COE)

• The COE is a significant cost and varies depending on market conditions. It allows you to own and use a vehicle in Singapore for a period of 10 years.

2. Import Duties and GST

• Import duties are typically 20% of the car’s value, while GST is 8% on the total value, including the car’s price and import duties.

3. Vehicle Registration Fees

• There are registration fees associated with your vehicle, including the registration fee itself and additional charges depending on the type of vehicle.

4. Additional Costs

• Don’t forget about insurance, compliance modifications (if needed), and potential repairs or servicing before the car is roadworthy.

5 Tips for Managing Costs

• Plan and budget ahead.
• Use a professional importer to ensure you understand all potential expenses.