well they country is even smaller than many cities, that is why. Well it's a city state
@BPoweredLove Жыл бұрын
If your COE expires, why isn't selling the car to someone else an option? Why is it only 1) scrap (destroy car), 2) export (get the car out of Singapore) or 3) buy/renew the COE?
@entrydenied11 ай бұрын
Technically you can but the person has to get a COE as well. And sometimes the cost of having to maintain a car that's more than 10 years old outweighs the price difference of getting a new car. If you think about it in the future, a 5 year old car is also probably easier to sell than a 15 year old car, if the buyer decides to sell it later.
@BPoweredLove11 ай бұрын
@@entrydenied What's the point of this system? Car population control by preventing the poor from realistically owning a car? That seems to be the purpose and goal of the Singaporean government from an outsider's view.
@entrydenied11 ай бұрын
@@BPoweredLove To reduce car ownership while improving public transportation to the point that most people don't need private transportation. Most people live a 3 to 5 min walk away from a bus stop(or a few bus stops for that matter) and a 5 to 10 min walk from a subway station. Public amenities are no more than 15 to 30 min away. We're a country with more than 100 shopping malls after all.
@BPoweredLove11 ай бұрын
@@entrydenied You could have just written "yep"! Haha. Because rich people (in general) do not take public transportation, surrounding themselves with us plebs. Meaning, in very human-dense countries/areas, the way to filter out excessive congestion is too price out the lesser-advantaged. This applies to almost everything in life.
@angxiang3186 Жыл бұрын
As an alternative to personal transportation ~ public transportation is super good in Singapore. But if u include family needs of a mode of transportation; eg sending young children to schools, fetching elderlies to medical appointments, then Gov is make meeting these obligations very difficult. Other alternatives r there ~ eg a nucleus family car entitlement allocation as per similar to HDB flats. But ~ Sg Gov wants the monies collected via COE: it is a big slice of tax/revenue collected.
@tamaandy Жыл бұрын
Hi Bloomberg Quicktake Channel, awesome information about how expensive the car price in Singapore, may I take some footage for my video on the topic of traffic congestion in Jakarta? I'll give you a shout-out and include a link in the video description. Thanks in advance!
@AlmightyNOG Жыл бұрын
What a terrible system
@WhatIsThis-zq4hk Жыл бұрын
It's actually awesome because the transit there is amazing. Although, the extreme step of making cars so hard to get is only necessary there because the country is so small and there is not enough space for cars. It's not necessary in most countries
@AlmightyNOG Жыл бұрын
@@WhatIsThis-zq4hk The transit system is very impressive, I was just thinking how something like this would be impossible in my country due to the size of it.
@Brian-cb3ce Жыл бұрын
its not fair in the case that only the rich can afford to drive. It should be prioritized in a different way not how much money you have.
@WhatIsThis-zq4hk Жыл бұрын
@@Brian-cb3ce but that is exactly what they want to avoid: everyone driving. There is literally no room for anyone other than a few people to drive. May as well bring in a ton of tax revenue from rich people
@vespaman1017 ай бұрын
@Brian-cb3ce driving isn't really necessary tho. If u wanna drive u gotta pay for the roads. I don't think it's perfect but it's the opposite of what we have in the USA and what we have is just as awful in its own way. I forgot to mention. There is no income tax. You make 100k you keep 100k. There is only sales or value added tax to purchases. So you pay tax into what you use.
@wosamosman9814 Жыл бұрын
As a car enthusiast this is my idea of hell 😅😂
@WhatIsThis-zq4hk Жыл бұрын
As a transit enthusiast, this is my idea of heaven.
@PKMNFan46648 ай бұрын
@@WhatIsThis-zq4hk Being a car enthusiast and a transit enthusiast isn't mutually exclusive, you know.
@MohdQil3 ай бұрын
Do people forget that motorcycles exist or what? If you can’t afford a car, just buy a motorbike.
@aynrandfan74542 жыл бұрын
Lmao my new BMW ix there is like 450k haha lucky I live in Canada where it was only 96k 🤣
@jackheris6872 жыл бұрын
BMWs are hell to repair.
@aynrandfan74542 жыл бұрын
@@jackheris687 owned 3 bmws including an M3 in high school never had any issues repair wise
@SuperEman500 Жыл бұрын
Only 67K used here in the U.S. Don't know why things are more expensive in Canada.
@aynrandfan7454 Жыл бұрын
@@SuperEman500 wahhh that’s nuts …ya everything from housing, gas and automobiles are inflated in Canada…in Vancouver here our average home is now 1.2 million
@WhatIsThis-zq4hk Жыл бұрын
@@aynrandfan7454 Ah so you rollover into new cars every few years and create a never ending mountain of debt.
@dipoakanni42466 күн бұрын
This is like equivalent to buying a car in the US with like 75% APR 😅😅 💀
@quaissag368 Жыл бұрын
So that's why all the Singapur girls try to scam...
@Brian-cb3ce Жыл бұрын
wow. Then driving is only for the rich eventually.
@Nick-1992-SRB Жыл бұрын
Yes it’s a dogs country.
@pebblepod302 жыл бұрын
Singapore is one of the most amazing countries & govts in the world, imo. You citizens there are LUCKY LUCKY LUCKY.
@billba Жыл бұрын
😂
@luckyM9963 Жыл бұрын
boring country.
@joelmadrid2193 Жыл бұрын
:PANAMA RELOCATION TOURS!! WITH JACKIE! !🙋😊 👍 ❤ 👈"
@bandmankilllazh84092 жыл бұрын
121
@lindatrey13012 жыл бұрын
I keep on getting $380,000 every week from a new trading platforms in town
@drantoniojohn81682 жыл бұрын
After I got upto 300K trading with Mrs Valerie Anne Yarvin.I bought a new House and I'm now able to send my kids to a better school in the states thanks to Mrs Angela Cole Carr. When someone is straight forward with what he or she is doing people will always speak up for them.
@hiderslopez31272 жыл бұрын
How!! I know it’s possible because my sister gets $32,000 every week, I will be happy if you teach me how to go about it
@annelove36262 жыл бұрын
Her good reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit.
@kylepeter33702 жыл бұрын
How can I make a successful investment in stocks and profitable trades?? I’m thinking of Mrs Valerie 😏 and suggestions🤷
@engelstody71712 жыл бұрын
She's awesome, perfect and a genius. I've made up T0 $162,050 trading.
@pohanahawaii2 жыл бұрын
😏 Certificate of Entitlement, I like it! 👍👍
@bandmankilllazh84092 жыл бұрын
6
@Nick-1992-SRB Жыл бұрын
A hell country for anyone that loves cars absolute hell land 😂
@Rapture_Ready_Rabbit Жыл бұрын
>>>>> TIME HAS RUN OUT !! John 3:16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. Don't ignore this message... REPENT NOW !! TRUST that God raised Him from the dead !! By FAITH accept JESUS's blood alone as payment for your sins unto Salvation, to escape what's about to happen !!
@bandmankilllazh84092 жыл бұрын
2
@bandmankilllazh84092 жыл бұрын
5
@deminada39642 жыл бұрын
Yes a model to have as usual first and lower class citizens.