Cost of Car, OMV, PARF

OMV (Open Market Value) is determined by the Singapore Customs, and the price includes:
1. Purchase price
2. Freight
3. Insurance
4. Other charges incidental to the sale and delivery of the car to Singapore.

Import Cost of a Car
1. OMV
2. Registration Fee
3. ARF (additional registration fee – 100% of OMV)
4. Excise duties – 10% of OMV
5. GST 7%

Cost to own a car in Singapore
1. Import cost
2. COE (Certificate of Entitlement)
3. Road Tax

4. Car number plate

5. Insurance

6. IU (In-vehicle Unit) 

Operating Cost for the car

1. Insurance premium

2. Road tax

3. Petrol

4. Inspection fee

5. ERP fee

6. Parking fee

7. Interest if with car loan

PARF rebate to Deregistered the car

Less than 5 years - 75% of ARF 

5 to 6 years - 70%

6 to 7 years - 65%

7 to 8 years - 60%

8 to 9 years - 55%

9 to 10 years - 50%

More than 10 years - 0%