You Won't Believe Car Prices In Singapore! | Eᴘ21: Sɪɴɢᴀᴘᴏʀᴇ

[@rooomnoob]

That's why you see a lot of Asian kids driving ferraris, lambos, etc in the US and the UK. You could buy a brand new C63 in the states for the same price as a Camry in most Asian countries.

[@RealNameNeverUsed]

And Camry/Accord are considered ”luxury vehicles" by many. (i.e. Malaysian).

[@michaelkey1124]

This is why, in my college hometown, every Asian student has a C43, C63, M3, Maserati, or GTR. Must be nice!

[@RohanIyer]

Michael Key a C43 really isn’t that out of line, especially when compared to the others.

[@jackalshine660]

RealNameNeverUsed nope, not anymore in Malaysia. Even 3 series is just a normal car by current standard.

[@feke5987]

Yep, Camrys and Accords are considered mid tier vehicles and are still vehicles that people who do have money buy. Meanwhile in countries like the US camrys are considered like one of lowest tier. I mean over here low tiers are Peroduas and stuff but I guess it’s worse for India and all cause their low tier stuff don’t even got airbags.

[@DoctaM3]

Sam, I did a video on the Aston Martin from a few years ago. Its essentially a 100% increase on the price of the car. Crazy. Great to see you meeting quite a few of my friends from Singapore. The car culture there is truly AMAZING!

[@watermalone5782]

Amazing, Prius

[@nitishdev8020]

And in India it’s 165% increase

[@OhTeckXuan]

@@watermalone5782 pays 100k sgd for prius =90++k usd

[@IvanSensei]

Some asian countries have crazy taxes because of engine displacement 🙄 Often tax is higher than list price of the car itself. That's crazy!

[@justinsim2364]

i agree, i live here btw

[@ashton_ising2841]

Yeah asia is not really the place to being a car enthusiast...

[@DanielSadjadian]

​@@ashton_ising2841 True but it does have a really nice car enthusiast community.

[@joelsilvarodrigues]

asian countries? AHAH, you should see in Portugal

[@Vincetagram]

Same in france ive heard. Like a mustang would cost the equivalent of $150k

[@GTIracerr]

325.000 pounds for a 911. Lol. That almost make my country's taxes (the Netherlands) look acceptable. Which they are not. In my opinion.

[@Sanderr__]

BPM in dit land slaat idd nergens op

[@RaffyUkon]

Belachelijk inderdaad.

[@bas7218]

A Carrera T (not in his exact configuration) in the Netherlands would be around €210.000.

[@Skillzvideos]

De prijzen voor luxe auto’s in ons land zijn idd verschrikkelijk duur ik bedoel een 2018 RR phantom voor 6 ton en dat is zonder bpm 😱

[@sammckenzie2331]

Makes sense. They should be higher in countries like America, as they're just making it easy for people to pollute a shit ton. The advantage of taxing people more for the amount their cars pollute is that it will push car manufacturers further to make their cars pollute less and will reserve luxury sport cars for the very affluent people

[@camdened123456]

While not a popular opinion amongst car people, these taxes are really needed. You're in a very dense city encolosed by a border with malaysia and the sea. If more people had cars you'd have gridlock. You can see that traffic moves fairly well, the reliance on public transport means that they have lots of money to make it very effective and the lower traffic levels mean that people who need cars, emergency services, trademen etc. won't have a problem using the roads. Sucks if you want a Prosche though.

[@cartman2dk]

it makes perfect sense. just not fun to live in if you want to have fun. If you have watched Top Gear, i dont recall 1 major city in the middle east / asia that wasnt totally gridlocked around the evening-night.

[@sagarsarker6929]

In India we have 180% tax on imported cars. So a lamborghini huracan starts at 400000 pounds excluding registration&taxes. A base Bmw x1(which is brought as CKD) starts at 49000 pounds. So you could imagine.

[@mananjoshi1289]

Sagar Sarker You are wrong it is almost 180% tax for new supercars and for a used one the import duty is 220% above msrp...

[@sagarsarker6929]

@@mananjoshi1289 You are right for the new car import but used car import is 125% not 220% www.siamindia.com/economic-afairs.aspx?mpgid=16&pgid1=18&pgidtrail=20

[@imxd1698]

Sagar Sarker in Pakistan it is more taxes

[@viktorpetukhov727]

@@sagarsarker6929 But there must be some car factories producing german or american cars, no?

[@rishubhs4517]

The sv roadster in Bangalore cost the owner 1.8 million dollars after registration. It compares to the 550k USD in the us.

[@haydenlim1087]

Being a singaporean car guy I feel so sad!!!!! I bought a Kia(cerato) at about 89K SGD. Really want to move out of Singapore as a car guy

[@OhTeckXuan]

Hayden Lim want to buy a car in Malaysia instead of sg

[@alainacallahan5030]

Are you kidding? That is nearly $66K USD for a Kia. The brand new 2020 Kia Telluride is 35k in Texas.

[@haydenlim1087]

Alaina Callahan no joke dude

[@haydenlim1087]

Oh Teck Xuan i Wan live there can buy house also

[@georgesj9536]

+Hayden Lim Why don't people buy cars in europe and drive them on european plates in Singapore? Is there a law or stigma surrounding this?

[@kobliznik7]

This is the best series ever ! I enjoy it as much as the old Top Gear and the best part is the frequent uploads, simply great.

[@fwboiz]

Thank you STG, Finally someone in the KZbinr car scene is aware of the condition of cars in Singapore

[@LeagueOfNations94]

Welcome to Singapore, every car guys’ nightmare

[@nightlock4948]

LeagueOfNations94 AAAYYYY

[@thatonekidd4625]

Literally

[@arvinadilaksono4904]

Don`t forget Indonesia and Malaysia too, although car prices there is not as expensive as in Singapore, it`s still comfortably going to cost the buyer to buy a car here 2 or 3 times as much as the price of the car in the US, and the situations aren`t better for bikes with engine capacity bigger than 250cc too, a bike that has an engine size above 250cc would also get Luxury Vehicle tax here in Indonesia which could cost 100 to 200 % of the price of the bike, to give you an example a BMW S1000RR in Indonesia cost as near as no different USD$100k yup that`s one hundred thousand United States Dollar, and that`s also the price for most new Harley Davidson`s, BMW Motorrad`s, Kawasaki H2, Ducati`s , MV Agusta`s and so on. Yup to make it simple, if you are a petrolhead, any kind of petrol head wheether it is carguys/girls or biker guys/girls and have a taste to buy the fastest or the most exciting sportscar/supercar/luxury car or even bikes then you are out of luck here where you will probably need an monthly income of $200 thousand dollar to satisified your need and for a good measure your monthly salary needs to be at least twice or 5 times that of the cars/bikes you want to buy. Yup you need need to be a multi-millionaire first before you could financially think of owning exciting cars/bikes here in Indonesia and Singapore maybe Malaysia too

[@pistonburner6448]

It's not a nightmare for the wealthy as they get to essentially have the "poors" cleared out of the way and no congestion yo block their driving pleasure!

[@igorstefanovski7131]

Yep buddy. Singapore is very famous with its own prices. And it will be more like Sing-a-rich then a Sing-a-poor-e!!

[@nightlock4948]

Igor Stefanovski ihysm

[@aslatabistaalphonso4250]

LOLOLOL

[@78rv16]

In Thailand, taxes are the same too. A 100k car ends up costing 300k.

[@nightlock4948]

wyddevinn and it doesn’t come with coe

[@viniciusmacie1]

720s in Brazil : Around R$3.000.000,00 Monthly Minimum Salary in Brazil: R$998,00

[@reviewreviews5908]

How many lifes you need to afford one?

[@viniciusmacie1]

@@reviewreviews5908 idk, maybe if you can live up too 250 years without spend a cent...

[@DaMasterChief94]

i believe that this is a useless comparison, i mean the price of a 720s in any country compared to the minimum wage is like 1000 times higher

[@28Rolex28]

You can't buy that car earning minimum wage. So the comparison is useless.

[@viniciusmacie1]

@@DaMasterChief94 I meant that in Brazil this car costs over 2.5x than in UK, for example, and people there earn about 5x more than us. Both can't afford a supercar like this, but its even more hard to us.

[@ice-313]

The Pagani Huayra is the most expensive car here at $8.9M SGD which is equivalent to 5 million pounds

[@vika0194]

Most expensive that you know of

[@ice-313]

Victor No idiot. It IS the most expensive. I live here

[@odalk]

how about the red Koenigsegg Agera RS?

[@joshlimwk]

@@odalk the red agera rs i heard was SGD$6.6m which is around 3.8m pounds, the next most expensive is the agera s SGD$5.3m which is around 3m pounds

[@joshlimwk]

@@vika0194 yea i can back him up, as of now it is the most expensive car to be regiestered in singapore

[@shuyaikh]

and you're paying only for 10 years.

[@trapaddicted1997]

Oof

[@ainzooalgown7589]

after 10 years, its either get a new COE (New road registration) or sell as scrap metal

[@x33Chair]

@@ainzooalgown7589 Selling as scrap metal is so not true though. Scrap car companies buy from you telling you that they're for scrap, but that's in fact not true. There are a number of used Singapore cars being exported to countries like Africa everyday.

[@dt4654]

@@x33Chair they will scrap if your car is probably in a terrible condition

[@nurcruz]

Atleast it's better than nothing ;v

[@AnimilesYT]

I will stop complaining about the price of cars in the Netherlands now. All cars here are a bargain compared to singapore :o

[@gepast]

No you won''t.

[@onyva3256]

Difference is, in NL you also pay 50% income tax, in Sing ya don’t

[@AnimilesYT]

@@gepast I guess you're right.. xD

[@owenrivard8832]

Same for me in Canada lol

[@OcelGuy]

Here in singapore, you got to pay yearly tax for a 10 year ownership of your car and then pay more if you want to extend your ownership after 10 years.

[@Eibon9130]

Mighty Car Mods did a really cool video in Singapore a few years ago. Goes into some good deal as to why everything is so expensive. Still has an awesome car culture there.

[@OW3NN3O18]

Yea I saw the GT3 in Yellow. At some locations like where the rich people go then you can see one super/Hypercar And bugatti dealership is beside the Aston Martin and Bentley dealership

[@GreatReaPerz]

In fact Sam, Singapore took delivery of a Chiron not too long ago! I'm as astonished as you are!

[@yujiin9850]

Japan has a Chiron in a similar spec but with a metallic paint (you can even see the flake)

[@GreatReaPerz]

@@yujiin9850 Oooh nicee, but sadly Singapore's one can't be registered due to the fact that it's Left Hand Drive, and Singapore only allow Right Hand Drive

[@feke5987]

It’s still quite impressing to see that even with all these high tax prices. There are quite a bunch of Hypercars around here.

[@GreatReaPerz]

@@feke5987 Same, that's what I thought too, despite all these crazy prizes, we still manage to see new super/hyper cars being registered, not to mention the existance of COE that limits the car's life span to 10 years, unless renewed

[@RainSunRain]

Great ReaPerz oh really? Then what is the owner doing with the Chiron?

[@supercarsofbristol898]

I just looked on Toyota Singapore website, and a used 2015 Camry with 65,000 km is $105,800 Singapore dollars, which is £60,610

[@benjaminlim9211]

Just to let you know Sam, the prices of the cars that you’ve seen have not been included with the COEs (Certificate of Entitlement), and essentially when you’ve paid for a COE to register onto your supercar, you can only drive it for 10 years. Basically all cars in Singapore have a “lifespan” of 10 years, and after 10 years you’ll have to renew your COE or scrap your car. 😌

[@byronjones4635]

Seeing this definitely makes me appreciate the USA even more. Registration on that 911 would be about $1k at the most, and the cost used would be just over $100k. You could buy 3 of those and dinner for the cost of 1 in Singapore.

[@ellisd82]

Thats the difference with Porsche compared to others like Lambo and Ferrari - there is more camaraderie and definetly more driving events in the clubs compared to the others. No fair weather stuff here lol. Love Singapore when I visited. Stayed in the Fullerton over looking the GP circuit. What a place Singapore is!

[@LP640LP670]

Best video I saw this year! And now the biggest suprise.. How did I NOT follow you yet? Im a shamed of myself. Great video mate!

[@K1CarTV]

Wait until you see what Kuala Lumpur has to offer!!!

[@marklin8741]

K1 Spotting still cheaper than singapore isn’t it?

[@aimandawesome6713]

@@PsychedMedia exactly hahahahaha

[@OhTeckXuan]

He in Malaysia now Kuala Lumpur see his Instagram

[@yusofjohan3456]

Malaysia have proton and P2 so buy according to needs la😁

[@aimandawesome6713]

@@yusofjohan3456 still proton and p2 are expensive. In the UK the cars go for less than 10k new? Compare that 1-1 /apples to apples?

[@Robloxandotherstuff]

I stay in Singapore and I love cars finally others can understand the issues with the car prices

[@jarrett309]

For instance Malaysia , RM 500,000++ for a porsche cayman RM 1.2 for an AMG GTS ?????????

[@MrDragonfly]

Still, Aventador S was RM1.4 mil before tax

[@MrDragonfly]

As per today (13/2/2019) 1 SGD equals to 3 MYR. Singapore cars are still effing expensive with the rising price of the certificate of entitlement (COE)

[@brightivan]

Aventador S are going for RM2.5m-2.8m out there.

[@MrDragonfly]

@@brightivan that's what I said, before tax.

[@8arry]

Aventador s costs 1.5m in Sg = 4.5m RM

[@YachtReport]

As a Porsche owner, modifier and enthusiast I’m loving the Porsche content. 👍🏻

[@durjaymajlish1095]

Sam! I just saw the full video. I’m a viewer from Singapore and I currently drive a Mercedes S400. I’ll answer a few of the points you mentioned. Cars in SG are taxed at a rate of 180% for an car that’s priced over USD 50,000. So that registration thing you mentioned is known as certificate of entitlement. The 20k pounds you mentioned is correct however what you didn’t mention is that it last for 10 years only. That means after 10 years the car needs to be sent overseas or one needs to repay that 20k fee (whatever the market price for that is). Anyways I’ll give you an example with my previous car which was a V8 Vantage roadster. Brand new it was SG$700,000 but I bought it at 3 years of age and it cost me about SG$500,000. Imagine the loss the first owner was subjected to! Anyways when I sold it after 3 years of ownership I managed to get SG$300,000. At the 10th year when the COE runs out the car is valued at whatever the market value in the UK or Australia/ NZ is. A lot of the older cars are exported out. That value won’t be more than US$30 or 40 grand. Regarding financing.. I got a new S400 2.5 years ago and it cost almost SG$500,000 and at the time in order to get financing I had to put down 50% ie 250 grand cash and the rest was financed at SG$6006 a month at a 3 year term. Interest on the loan is very low, only 1.8%. I’m about to sell the car for a Bentley Bentayga and the price after 2.5 years is about Sgd280,000. It’s a rip off but we need cars mate! Enjoy your travels!

[@maticsorn2784]

so how much is my bmw 530d xdrive worth there? 2007

[@ArkansasPublicHunts]

I love the Porsche content, Sam! The videos are always so classy, informative and fun! It doesn’t matter what cars your in as long as they’re cool and man, have they been cool! Great work as always mate! Keep it up! ✌️

[@brandenongkp]

Crazy rich SINGAPOREAN

[@nightlock4948]

branded and crazy rich coe

[@foodmore]

I grew up in singapore and have become so used to the car prices here that any other place, car prices seem really cheap. Even for luxurious sports car.

[@TO-xd1fb]

Singapore one of the nicest City’s round the World.🙏🏼😇🌚👍🤡👍🌆🌇🏞

[@gabriellim1]

Great that you were able to visit my country! Unfortunately, Singapore is immensely small, and the govt feels it needs to tax cars greatly to try and discourage car ownership for fear of road gridlock That being said, car culture here great!

[@stijnwillemse2745]

Cheeky huracan at 6:07 ehehe thanks for the Easter egg Sam!

[@chewygami8781]

Wow how do you even noticed that

[@stijnwillemse2745]

@@chewygami8781 eagle eyed petrol head I guess ahaha

[@rossmesquita]

You should also take a look at car prices in Brazil, they are as insane as these. I’ve read an article last week about the new gen of Porsche’s 911 and their starting price is 680.000 BRL (equivalent to 141.000 pounds)

[@fe9ner256]

My uncle and aunty live in Singapore and they are very comfortable with there money but they can't afford a car at all, it's so expensive

[@billpadfield3081]

That was my Superleggera, the only one in town....You are right its insane but once you realise you live here you stop converting to "back home prices". Thanks for making Singapore look so good! I love it here!

[@davidlim555]

I am from Singapore and I have a BMW 218i which costs about 220 thousand in other countries u can get a decent sports car

[@paulwilliams9612]

Sam - a new resident here in Singapore and a Porsche fan (981 CS in the UK). Actually ventured down that street (Leng Kee Rd) only 2 weeks ago to humour myself getting a 718 S. £3k a month. With £17k deposit! You can earn here, but boy does it cost. Have you bought a beer here!? Everything costs! Happy to meet for a coffee if you wanna learn more! PJ

[@Paul_pdrs]

You should show the city not only cars

[@beluwuga]

Really bro !? The French Car Guy is the name and you asked for the city bro ?! Bro c'mon man you're deffo trippin

[@nullusfactor]

Awesome videos Sam! Waiting for your tour in Portugal. Cheers and keep having a safe trip!

[@phabletfortyfour3457]

Never mind cars, have you seen the price of beer there! Scandalous 🍺🍻🍺

[@nekomeow6278]

if I'm not wrong, the Pagani in Singapore is like S$6-7mil, for what it is and how it looks, it's actually quiet cheap, I think only 2 people in Singapore owns a Pagani each, as for the Bugatti, it's in the S$3-5mil range

[@ashton_ising2841]

Where Did Sam Get All These Loaner Cars? Dealerships Definitely Love Him 👌

[@maxmacdonald4440]

Free publicity, theyd loan them to potential buyers for the day - through his channel 100s of potential buyers might see it

[@josephbehm3565]

@@maxmacdonald4440 Plus he is very very brand friendly.

[@jamesthornton161196]

Loving the drive the world content one of the best automotive youtubers out there at the minute!

[@dangertomarketing]

Live here for more than half a decade and there are good reasons why prices are that high, as owning a car comes with 'Certificate of Entitlement' (not kidding - CoE does stand for entitlement). BTW, Singapore has no Capital Gains Tax, so at the end of fiscal year it is typical to extract the profit out and buy lovely things. BTW, cars are not status symbols in Singapore - rare watches are. It is normal to see people with Richard Mille in a subway (SMRT). Now, coming back to cars, when you buy a car here, you pay CoE for 10 years in advance, and if you let's say sell a car after 2 years, you get 8 years of CoE back (or calculate that return in the price of sale). So, question to people of Blighty - how much is a Porsche Carrera 911T AFTER 10 years of road tax, registration etc.? So, it's 93,000 pounds with VAT, add ten years of MOT etc... becomes how much GBP? For driving and enjoying, find me in Motor City or Yas.

[@Alphaswifty]

Wow, as a singaporean, I can say that you were spot on with all your analysis hahaha. Very true, we are materialistic. There's no way to justify the purchase of a car here especially with the yearly depreciation value and the COE cert(100kSGD for 10 years) to even own a car

[@Declanchai1]

you should read up ARF and COE of Singapore

[@muhamadridwan318]

Cars in Singapore you're buying it at that crazy prices but not forgetting that it's only for 10 years and its no longer legal to drive it on the road unless you renew the Tax call COE (Certificate of Entitlement). You'll be surprised to see the number of exotics I see in the scrapyard, a few pieces of artwork being trashed away.

[@darshanpaunikar3314]

The thing is... Europeans and Americans cant even afford to buy cars if they were to live in asia.... A person who can buy lamborghini in Europe or America... They wont be able to afford porsche in asia

[@de20]

If the taxes weren't so high in singapore, I'd gurantee you at least 30% of the cars you see on the streets would be luxury cars

[@ernshea5037]

SAM, YOUR EDITS JUST TOP NOTCH

[@OhTeckXuan]

OMG U still in singapore? I live here f these car prices lah

[@ar_2709]

I think he left this morning

[@dangertomarketing]

We pay COE for how many years? Imagine owning a 911 for 10 years in London, paying MOT, Road Tax, Congestion Charge (way higher than our ERP)... there are pluses and minuses to every place.

[@jackalshine660]

He left and came to Malaysia alrdy. Haha! Which car price isnt too bad.

[@ainzooalgown7589]

I used to drive, sold my car and started taking grab or taxi as i can take up to 4 grab rides daily (from changi to jurong) and still be cheaper than what the car will cost me in 10 years including the maintenance and what not

[@suminaoshinjo6545]

You can tell he is singaporean from the singlish

[@seinsmeld13]

Anybody who watches this entire video deserves a medal. If he is married his wife should get the first medal. Carry on mate.

[@JohnsonLimCH]

Financing does not really help in Singapore because a 50% down-payment is mandated by law, and the remaining 50% has to be paid over a maximum loan tenure of 5 years. Singaporeans are generally well off.

[@studiolezard]

As I understood it, back in the early 90s when I was there, there are government agency or ministries who will give good credit terms, if the the car is to be used to promote (ie. export) Singaporean goods and services. Basically, to drive customers around in. That's what the president of the printing company I was visiting said. He picked us up in a nice Merc.

[@GG-gk7jn]

You forgot the best part. Certificate of registration is only valid for 10 years for every single véhicule on the road. 😂

[@vtim]

oh yah

[@LoongAqua]

They have insane names for various indirect taxes. They go towards paying cabinet ministers' million dollar salaries.

[@AK46PlusOne]

Excellent insight! Cheers Sam. Safe travels

[@damnslow92]

Bruh, come to Finland. Basic Lamborghini Huracan costs 549 000 euros when its 50% cheaper in rest of Europe... Also 911 is over 300 000 euros.

[@visalaine1628]

Not much content to film here in Finland 😔

[@goldensunset4210]

And an S63 starts at 295 000 euros, and 118 000 of that is tax.

[@goldensunset4210]

and an S65 is 470 000€, and 220 000€ of that is tax, yummy

[@user-om4fc1lm3b]

It's 603.000 euros in Denmark 😔

[@AntoineDuplaix]

it's not 50% cheaper, it's 3 times cheaper in France (and we are not the best country of europe...) at 180k for an lp580-2

[@MatoyaLim]

I am a Singaporean and what he said at 6:00 is absolutely, 100% true. I am ashamed that our driving culture here is very unforgiving and mean. Also, we have a few Facebook group pages that salty drivers post videos with intent to shame other drivers that makes genuine mistakes. Worse, some of these posters are not absolutely right in the first place either! Singapore have great roads, but filled with unforgiving, mean drivers. It's sad, really. Drove in the UK, Japan, Germany and Australia and even though the roads are not as wide, there's some potholes here and there, the lanes are not that many, but the culture and the courtesy is impeccable! We have much to learn from you guys indeed.

[@haiqingphilip3304]

Singapore cars are the most expensive on planet earth

[@YangGQ]

Which is why I bought my Singaporean daughter a (used) Mercedes G-Wagon to drive around London - even though she does not even have a licence! (in 2019)

[@benrussell7042]

My favourite city by far!

[@obi-wankenobi7160]

Keep the Porsche content coming!! Every day could be Porsche related and I would love every minute ❤️

[@i7rs]

I am from Nepal. Price for new Toyota RAV4, base model is £120k! You get the idea 🤔🤪

[@luisgts15]

Things here in Brasil it´s expensive but Singapore is in another level, here in Brasil a 812 superfast is around GBP 585,000( today's price) and a 720s is GBP 440,000, I am in shock with Singapure prices

[@tbillington]

Lots of very well paid financial jobs is why they can afford supercars in Singapore.

[@ojosazules8828]

Pretty much the most expensive place in the world to live but Singapore has one of the highest qualities of life too in the world...

[@Scotty70]

Yes lots of multi national companies using the little authoritarian state as a tax haven.

[@nightlock4948]

NO WE DONT 😫

[@ASIANSLAM]

The reason behind why Singapore has all these crazy taxes is because being a tiny island, the government has to control the amount of vehicles on the road to prevent over-crowding and pollution. The taxes are considered based on the amount of vehicles already registered to be road driven which means less cars = cheaper taxes. And also, if you drive a hybrid car versus a petrol car, lower emission = cheaper taxes. Not only the automobiles in Singapore cost a fortune but even properties are considered one of the highest in the world. But, I guess as a Singaporean myself, we have learnt to adapt to the lifestyle, although not necessarily in the most graceful manner (i mean we tend to complain a lot).

[@javierfernandeztahoces4920]

Singapore is one of the cities in the world with the most millionaire people

[@PacMacDo]

It IS the city and country with THE MOST MILLIONARES IN THE WORLD

[@marcusyelly]

The building behind you at 11.11 that is under renovation is currently completed and Alpine has a dealer there

[@TravisBasson]

The converted price is irrelevant. Based on how many supercars you saw on the street, clearly enough people have the buying power to get these cars. Factor in the average salary etc and make a real comparison.

[@de20]

Not exactly. Supercars are only seen in very specific locations of the city and often only belong to the top 1% Till this day I only personally know of 1 guy whose dad owns a few supercars, the rest of us peasants can't even afford cars usually

[@lamester]

FYI in 2013 an Agera S was sold here for S$5.3million - a record that was only broken last year by the Agera RS at a staggering S$6.8million.... welcome to Singapore mate

[@joshuapohbc]

Wait till you find out about the housing price here

[@lukyle1381]

Dear Sam, basically the cars here are imported at the original price same as UK, however the government impose a Additional Registration Tax on every vehicle at the exact SAME price as its original cost to import. Then there is a piece of paper that allows you to drive a car for only 10 years legally here which costs around 35k to 60k more. After that you have sales tax and other transfer fees and road tax of up to 7k for a V12 engine car.

[@akadanielmaia]

Still less expensive than in Brazil though

[@gapietro6675]

Daniel Maia true!

[@geoffreyyip6179]

maybe only for luxury cars, but for cars in general, most articles online still ranks Singapore as the world's most expensive car market. not to mention the petrol prices are insane too.

[@GAMMASTAR321]

Its true the cars here are crazy expensive but its still somehow a car spotter's heaven

[@jamesjames9066]

Love Singapour best city in the world, makes London look stone aged

[@eddie1683]

Lol but hey the UK has more history with the building I guess?

[@carbotaniumcomposite]

Not forgetting that after paying that ridiculous price, the car is only registered for 10years. After which it will be sent to the scrapyard

[@ice-313]

That's why I'm planning on moving away from here. As a car guy myself, I can never afford my dream car if I were to continue living here

[@dooxiethesavage3557]

Same here in Thailand the taxes for car are 300% so the starter price of a 720s is 700,000 pounds with no option at all, 1.1 million pounds for an AventadorSVJ and 6 million pounds for a laferrari. ;-;

[@civicfd4434]

Oh, and you can only keep the car for 10years when bought brand new.

[@daniel.n460]

Exceeded No it does not.The certificate of entitlement last 10 years.Renew the certificate and you can keep your car,refuse to renew it and they take your car away

[@findtomdotcom]

Yep 100% and there is a yearly fee..... I love Singapore, please make sure you visit 1-ALTITUDE , the food is exceptional and you can use the bar on the roof after!

[@allensaunders449]

Cars are cheap here in the US compared to most of the world

[@michaelrussell6661]

Good that the price of cars in Singapore are a lot dearer then Australia.

[@utkarshkaushik617]

The cars are so expensive in Singapore my god😵😵😵😵

[@metagaming5493]

you should see the house prices in sg

[@brownlee3081]

And in Australia lol you missed that

[@superjeremiah007]

William brownlee Aussie cars are dirt cheap

[@izzulsalihin7056]

BOI, we have to pay COE which is limited and really expensive. This affects every car not only luxury cars. So basically a sedan in Singapore can cost about x3 or x4 more

[@zzz360]

mate, if you think that's expensive, here's an example. I'm from Malaysia and a brand new BMW M5 after conversion to USD is close to 249k USD. anyway, here's hoping to meet you in Malaysia soon.

[@c1em3ntchua]

And it's US$361k in Singapore.

[@maxipowgaming3945]

Sam should try driving the non tol roads or federal highway..or cheap tol roads Hill climb towards Genting will be good

[@zzz360]

@@c1em3ntchua good to know. it seems that ASEAN region and the govt that is responsible aren't petrolhead at all. haha

[@zzz360]

@@maxipowgaming3945 or Ulu Yam. lets hope Sam sees this.

[@jackalshine660]

Bro.. malaysia is always cheaper than Singapore and Thailand. Heck, our luxury car is cheaper than Vietnam.

[@gethen]

Although the taxes are hefty, the reality is that Singapore Is a very small market, with only around 100,000 new cars sold per year, so it’s low volumes and lack of competition that keep prices high. The (intended) outcome of low volumes of cars is very little congestion, which is great. Ohhh, and the public transport system, particularly the MRT train system is fabulous, so most people don’t have cars.

[@joemourad]

They do this in order to protect the environment... no one told you it costs 40k USD to get a license there as well? Educate yourselves people. The place where I am living in now also has taxes similar to this in Amman, Jordan. Take for example a mustang costing 100k USD and so on and so forth. Also, Singapore has (as you can tell by now) lots and lots of millionaires.

[@vegangains3962]

joseph mourad if that’s the case then electric cars should be cheap in Singapore

[@liong5552]

@@vegangains3962 Haha nope... Govt is anti-car. Besides the true facts is Singapore generates its electricity from natural gas. So there is no such thing as an electric car = clean/ green car in Singapore. A petrol car is +/-$10K lesser than an electric car.

[@vegangains3962]

lio ng yikes

[@a8rt]

I have been waiting for this!!!!

[@muhammedowais4943]

Buying a car in India is equivalent to buying 2.5 cars in U.S.

[@GoofballKurtt]

Mighty car mods did a good piece on why the costs is so high

[@bzbaz9687]

Lol so the uk really is great place to live

[@shogunero3.6]

Lol be grateful

[@johnlm340]

Petrolheads heaven, yeah!

[@maticsorn2784]

@@johnlm340 no thats us .. if im not wrong .. and its alowed to have straight pipes

[@kingbradley8058]

When brexit will hit car taxes will go to 100000% and there will be no fuel 😂

[@Tracertme]

@@johnlm340 yep, when I left the UK the only thing I knew I was going to miss is the car culture, UK is the best in the world for cars.... no other nation comes near. Somehow the UK being the home of F1 makes car people and car stuff generally just so much better informed and professional. The depth of cottage industries around the UK in cars is endless...

[@duploquarteirao]

In Brazil a V12 GTC4 Lusso is BRL 3.950.000 which is GBP 820.000, and that is before options. Not only it is even more expensive here, but salaries are very low (minimum monthly wage is BRL 998,00 = GBP 207,20), unlike Singapore.

[@garywinn2299]

Singaporeans "poor people" didn't u see a vantage and multiple Porsches and pagani and u be calling them poor ,u must be out of ur mind mate , get some help

[@KELVINGTR]

On top of that, we would also have to pay the government a hand full of money for a certificate to own the cars for 10 years on top of the expenses for maintenance, petrol, highway tolls, parking, etc.

[@GKChan]

Hong Kong is only a bit cheaper 😂😂

[@maxipowgaming3945]

GK Chan HongKong is also another export zone for used cars...

[@xxxdodacion7395]

Feeling a bit insecure about not being #1?

[@sebastianlim2499]

But the parking lot you buy cost more than the car, some places when you buy a parking lot even comes with a free car

[@maxipowgaming3945]

Sebastian Lim yes that’s in Kowloon & hk island. But at least some of the parking lots are yours forever. Just treat it as part of the home price. Some r for rent only. Some areas in new territories have free parking lots.. those who own landed homes or farms have free parking .... petrol ⛽️ prices in HK is ultra expensive

[@uniquelyseenhere3951]

Very interesting vid-thank you very much for sharing. Just a side note, I think what you portrayed here in Singapore, is demonstrably indicative of a much larger issue plaguing most of the sophisticated economies around the globe.