LTA get 70% or $122,693 from the sale of a Honda Civic

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LTA get 70% or $122,693 from the sale of a Honda Civic

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06-12-2024, 04:20 PM

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LTA get 70% or $122,693 from the sale of a Honda Civic

An honorable member of the Coffee Shop Has Just Posted the Following:

Government made $122,693 from a $175,555 prices Honda Civic

How A $25,894 Honda Civic Becomes $175,555

Here is an example of how
a $25,894 Honda

Civic becomes $175,555 in Singapore.

OMV $25,894
ARF $28,252
Excise Duty + GST $7,665
COE (CAT A) $86,556
VES Surcharge or Rebate $0
Basic Cost (Including $220 $148,587 registration fee)
Dealer’s Margin $15,189 (18%)
Final Sales Price $175,555

Now that you know how much more you are overpaying for a...

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