This is a mandatory permit to own and use a vehicle for 10 years. Prices for COEs are determined by a bi-monthly bidding process and can often exceed the actual cost of the car.
A tax paid upon registration, calculated based on a percentage of the car's Open Market Value (OMV) . buy car singapore
You will pay an excise duty of 20% of the OMV plus the standard GST. This is a mandatory permit to own and