Licenses to own a car in Singapore hits $75,000 USD | OANDA Forex Blog


 

To rub salt into the wound, COE is a depreciative sunk cost, as each COE is valid for 10 years, at the end of which the market value for a COE becomes ZERO. Furthermore, in case it hasn’t been pointed out before, this license to own a car DOES NOT include the actual car itself, adding a car into the mix, a car owner have to put up with approximately 150,000 SGD (122,000 USD) just to own a 1,600 CC car, and equivalent to a Ford KA or Fiesta.

Licenses to own a car in Singapore hits $75,000 USD | OANDA Forex Blog

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