Singapore Living
Join Date: Mar 2007
Location: Asia
Posts: 142
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Stalllone,
I am not rubishing local schools, but I am sorry in most cases it doesnt work for the expats. I guess you may differ being all of 26 years of age with kids going through school! I for one had kids going through school here in singapore and if you want a quick divorce stick them in a local school.
I am not rubishing local schools, but I am sorry in most cases it doesnt work for the expats. I guess you may differ being all of 26 years of age with kids going through school! I for one had kids going through school here in singapore and if you want a quick divorce stick them in a local school.
Basically with a new car when you buy it, it comes with a 'Certificate of Entitlement' which allows you to drive it for ten years. At the end of that period you can either scrap it for a sum of money which will allow you to take a taxi home, export it or buy another CoE at the current market price.
If you choose the last option you can either buy another 10 year CoE which may be extended, or a 5 year one which can't.
Forget an off peak car (OPC) you can't drive it when you need to.
If you export or scrap a car you get a rebate on the remainder of the CoE and tax paid. When you buy a new car you take a massive hit in depreciation instantly and are negative equity for a number of years.
Be sensible and buy a used car, the magic words are "High paper value."
This is a random example of how long it can take to break even i.e. you can scrap the car for an amount equal to the outstanding loan.
2007 BMW 525i Price Singapore - sgCarMart
You are looking at least SGD1000 per month on a small used hatch back in buying and running costs. A big engined Merc will run $500 a month in road tax alone
ONE.MOTORING - Home
If you choose the last option you can either buy another 10 year CoE which may be extended, or a 5 year one which can't.
Forget an off peak car (OPC) you can't drive it when you need to.
If you export or scrap a car you get a rebate on the remainder of the CoE and tax paid. When you buy a new car you take a massive hit in depreciation instantly and are negative equity for a number of years.
Be sensible and buy a used car, the magic words are "High paper value."
This is a random example of how long it can take to break even i.e. you can scrap the car for an amount equal to the outstanding loan.
2007 BMW 525i Price Singapore - sgCarMart
You are looking at least SGD1000 per month on a small used hatch back in buying and running costs. A big engined Merc will run $500 a month in road tax alone
ONE.MOTORING - Home
