How much does BMW cost in Singapore?

How much does BMW cost in Singapore?

BMW Price List

Car Make / Model With COE SRP (SGD) Includes VES (Mouse over to see price increase/decrease)
5 Series
BMW 5 Series 520i Sedan (A) 2020 Yes $313,888 VES: $10,000 (C1)
BMW 5 Series 520i Sedan Luxury (A) 2020 Yes $342,888 VES: $10,000 (C1)
BMW 5 Series 530i Sedan M Sport (A) 2020 Yes $361,888 VES: NEUTRAL (B)

Is BMW expensive in Singapore?

This is then called “dealers’ margin”. It could be as low as 15% for affordable brand of cars or as high as 50% or more for luxury cars….So, this is how an affordable $74,914 BMW dream become a costly $395,800 dream in Singapore.

OMV $ 74,914.00
Price You Pay For The BMW Dream in Singapore $ 395,800.00

Why are cars in Singapore so expensive?

They are: 1) Open Market Value (OMV), 2) Additional Registration Fee (ARF), 3) Excise Duty & GST, 4) Certificate of Entitlement (COE), 5) Vehicular Emission Scheme (VES) rebate or surcharge and 6) the local dealers’ margin. We’ll explain what these costs are and how they make cars in Singapore so expensive.

What is the most popular car in Singapore?

Singapore Passenger Car Registrations 2017-2018

2018 2017
1 Honda 19,133
2 Toyota 16,013
3 Mercedes-Benz 8,509
4 Hyundai 7,976

How much is Mercedes in Singapore?

Mercedes-Benz Singapore Price List 2022

Mercedes-Benz Models Price List
Mercedes-Benz CLA-Class Coupe $214,888 – 265,888
Mercedes-Benz GLA-Class $174,888 – 174,888
Mercedes-Benz GLC Class $225,888 – 481,888
Mercedes-Benz GLE Class $374,888 – 374,888

What is the most common car in Singapore?

How much does an Audi cost in SG?

Our database consist of over 1 authorized Audi car dealers across 1 cities in Singapore….Audi Singapore Price List 2022.

Audi Models Price List
Audi A5 Coupe $209,600 – 209,600
Audi A5 $204,900 – 204,900
Audi A5 Cabriolet $249,321 – 249,321
Audi S5 $314,800 – 314,800

Is a BMW affordable?

BMW has always been known for producing some of the most premium luxury cars in the market, however, they don’t come cheap. Many prospective luxury buyers set out to lease and purchase pricier models like the X5 and M3, without really batting an eye to the fact that they spending well over $50,000 to do so.

Is buying a car in Singapore worth it?

So, TLDR – no, it generally isn’t worth it to get a car if you’re just basing it on monthly expenses. But getting a car can still be worth it if you’re looking at it in more intangible terms – such as convenience or or as a status symbol.

What is considered luxury car in Singapore?

Luxury cars are super expensive. They’re usually just for the super-rich, especially in Singapore’s pricey automotive market. At the cheapest, a luxury car will cost you $200,000 to $300,000. And that’s without the COE, which will cost you another $50,000 at least.

How much does Porsche cost in Singapore?

Cost Of Buying A Porsche Boxster A brand new Porsche 718 Boxster (PDK 2.0) currently sells at $258,788 from Stuttgart Auto, Porsche authorised dealer in Singapore. This excludes COE. Once we include in the cost of a Category B COE, we can expect to spend about $316,000 to buy a brand new Porsche 718 Boxster.

Which luxury car brand is more popular in Singapore?

Although it was the only podium finisher to sell fewer cars in 2021 than 2020, once again Mercedes-Benz is the top-selling luxury car brand in Singapore.

Why are BMW so cheap now?

One of the reasons that BMWs are so cheap is that the used market for them is oversaturated. Cars are products, just like any other, and when there’s a lot of supply and not as much demand, then the prices drop.

Why are used BMW and Mercedes so cheap?

Another reason that used Mercedes-Benz models are so cheap on the used market is due to their high cost of maintenance. According to Motor1, the average annual repair cost on most Mercedes-Benz models is around $908, which can vary. However, it’s a pretty good rule of thumb as simple oil changes can cost around $200.

Why should I not buy a car in Singapore?

With its expensive costs, troublesome upkeep and maintenance, being tied down by loans (and the list goes on), it’s hard to see the value of buying your own car.