Owning A Car In Singapore Costs $106,000, And That Doesn't Include The Car

05 Oct 2023 | Abstracted from Jalopnik

"Singapore has a 10-year 'certificate of entitlement' (COE) system...The quota, offered through a bidding process, has made it the most expensive city in the world to buy a car...Including COE, registration fees and taxes, a new standard Toyota Camry Hybrid currently costs S$251,388 ($183,000),,,in much of the rest of the world...cars are a luxury, and transit is the standard...Imagine spending double your annual salary on a car."

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