5 ms·

And in Singapore it’s US$120k. Not much more than Tesla or Mercedes etc

by wdb 2y ago

throwaway2037 2y ago
I assume this is the "all-in" price, that includes Singapore's famously highly car registration tax? I found these levels here: https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/upfront-vehicle-costs/tax-structure.html https://onemotoring.lta.gov.sg/content/onemotoring/home/buyi...
- hhandoko 2y ago
  Nope... US$120k is most likely the base price (car + taxes). The Certificate of Enrolment (CoE) is market rate, and right now it's an additional SG$85k to SG$111k depending on the vehicle category (on top of the base price). https://www.motorist.sg/coe-results https://www.motorist.sg/coe-results https://bydcars.sg/wp-content/uploads/2025/01/BYD-Pricelist-8-Jan-–-12-Jan-2025-.pdf https://bydcars.sg/wp-content/uploads/2025/01/BYD-Pricelist-...
  - goatsi 2y ago
    I read that flyer as the price of the car plus COE. The "Excite Package" Dolphin lists "Guaranteed COE" for $165,888 Singapore dollars ($122,505 USD) all in. >In Singapore, most people typically purchase new vehicles through dealers. Dealers will collect orders from customers and participate in the COE bidding on behalf of their customers. >Supply and demand set the price for COE, which regulates demand. When COE prices are high, vehicle prices, as quoted by dealers, will have to increase, reducing demand. When COE prices are lower, dealers can afford to reduce prices if they want to, which will increase demand. https://dollarsandsense.sg/guide-understanding-coe-bidding-system-works-singapore/ https://dollarsandsense.sg/guide-understanding-coe-bidding-s... It looks like dealers handle getting the COE (which makes sense, since you couldn't drive the vehicle off the lot without one). Subtract the $85,000 (SD) CAT A COE cost from the car price and it comes out to $80,000 (SD), or ~$60,000 USD.

5 ms·

And in Singapore it’s US$120k. Not much more than Tesla or Mercedes etc

by wdb 2y ago

And in Singapore it’s US$120k. Not much more than Tesla or Mercedes etc

throwaway2037 2y ago
I assume this is the "all-in" price, that includes Singapore's famously highly car registration tax? I found these levels here: https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/upfront-vehicle-costs/tax-structure.html https://onemotoring.lta.gov.sg/content/onemotoring/home/buyi...
- hhandoko 2y ago
  Nope... US$120k is most likely the base price (car + taxes). The Certificate of Enrolment (CoE) is market rate, and right now it's an additional SG$85k to SG$111k depending on the vehicle category (on top of the base price). https://www.motorist.sg/coe-results https://www.motorist.sg/coe-results https://bydcars.sg/wp-content/uploads/2025/01/BYD-Pricelist-8-Jan-–-12-Jan-2025-.pdf https://bydcars.sg/wp-content/uploads/2025/01/BYD-Pricelist-...
  - goatsi 2y ago
    I read that flyer as the price of the car plus COE. The "Excite Package" Dolphin lists "Guaranteed COE" for $165,888 Singapore dollars ($122,505 USD) all in. >In Singapore, most people typically purchase new vehicles through dealers. Dealers will collect orders from customers and participate in the COE bidding on behalf of their customers. >Supply and demand set the price for COE, which regulates demand. When COE prices are high, vehicle prices, as quoted by dealers, will have to increase, reducing demand. When COE prices are lower, dealers can afford to reduce prices if they want to, which will increase demand. https://dollarsandsense.sg/guide-understanding-coe-bidding-system-works-singapore/ https://dollarsandsense.sg/guide-understanding-coe-bidding-s... It looks like dealers handle getting the COE (which makes sense, since you couldn't drive the vehicle off the lot without one). Subtract the $85,000 (SD) CAT A COE cost from the car price and it comes out to $80,000 (SD), or ~$60,000 USD.