Why are Singaporeans so desperate to own a car, to the extent of
being prepared to pay $31,000 for a piece of paper?
The car itslef is probably worth only $25,000 landed in Singapore,
and with all the taxes and other margins thrown in, the price is
inflated to FOUR to FIVE times its landed cost.
PLUS the cost of paying FOUR Percent GST on the Final Purchase
Price.
All added together to allow an ownership of only TEN Years.
Is this value for money?
