Singapore’s high vehicle costs are driven by policies and taxes:
Certificate of Entitlement (COE): Typically between S$90,000 – S$110,000 for Category A vehicles (1,600 cc and below), and can go even higher. Paragon MotorsReddit
Additional Registration Fee (ARF): Tax based on vehicle's Open Market Value (OMV)—can be steep, especially for cars with higher OMVs. Paragon MotorsReddit
Other charges include road tax, insurance, and possible rebates for smaller-engine or hybrid vehicles.