Cost of motorcycle ownership in Singapore

[Phang]

I had a brief discussion about the cost of motorcycle ownership in Singapore with kerby1923 in another topic. I thought it would be more appropriate to start a new topic for the discussion.

We have numerous taxes imposed on a motorcycle before you can ride it on the road. Amongst all, there is an interesting one named  COE  (certificate of entitlement).

Every new vehicle need a COE before you put them on the road, the lifespan of the COE is 10 years. Upon expiry, if you wish to continue to ride it for the second decade, you need to get a fresh COE.

[Phang]

here's a wiki link of the COE for those who want to know the details. On the other hand, I can give brief answers as a vehicle owner under this system.

https://en.m.wikipedia.org/wiki/Certificate_of_Entitlement

[Lesman]

My ex father in law lived in Singapore. He told me the COE cost double or triple for the 2nd decade. The goal of Singapore was all 10 year old cars to be crush or removed from Singapore. This is something he told me 20+ years ago.

[Lannis]

Not a lot of space in Singapore, so I suppose something has to be done to limit the number of cars there or the whole island would fill up with cars.

Like Bermuda or the Isle of Man - If I lived there I wouldn't even try to own a car.   Wouldn't be part of the lifestyle.    In a big city here or the UK, it's always possible to get by without a car.   I didn't own one the three years I lived in Atlanta .....

Lannis

[Arizona Wayne]

I've heard in Japan the longer you own a vehicle the more it costs you to register it for another year.  The opposite it works here.  Japan wants to encourage it's citizens to buy new products to keep its workers employed, or so I've been told.

[Lannis]

I've heard in Japan the longer you own a vehicle the more it costs you to register it for another year.  The opposite it works here.  Japan wants to encourage it's citizens to buy new products to keep its workers employed, or so I've been told.

The "limit the number of cars on the road" is understandable just for pure physical limitations, but the "force consumers to buy things for the country's good" sounds like something that could backfire in the long run ..... like importing rabbits or nutria to keep the weeds down ....

Lannis

[KiwiKev]

here's a wiki link of the COE for those who want to know the details. On the other hand, I can give brief answers as a vehicle owner under this system.

https://en.m.wikipedia.org/wiki/Certificate_of_Entitlement

Geez Phang, seems like they don't want people to own cars there ;-p

Does the COE cost the same for a m/c ?


Sent from my iPhone using Tapatalk

[Kiwi_Roy]

Phang, you need to emigrate.

[Kiwi Dave]

Phang, you need to emigrate.

Where to?  In New Zealand, we pay NZ$515.76 for annual vehicle licensing for motorcycles over 601 cc.  In comparison, I pay $88.68 for my automobile (6200 cc).

Basically, a motorcyclist will pay over 5.8 times the amount those do for a car.  This is mainly because of the ACC levy (a compulsory accident insurance) which covers the rider and pillion and any other person involved in the accident, regardless of fault.  This levy applies to each motorcycle that is licensed.

I don't think our Oz neighbours are any better off.  Someone from there may care to chime in.

[Arizona Wayne]

Yes, before you think living in another country makes better financial sense, get all the facts vs. what the same costs are in your country/state.

In the USA costs vary from 1 state, county, city to another.  Don't know how this works in other countries, but there must be many variations on actual costs you are levied with no matter where you legally reside.  Costs of medical/dental care need to be considered too.

Overall I'd say it's cheaper to live in the US than most other countries but I could be wrong depending on your standard  of living.

[pete roper]

Registration in Oz isn't that expensive. The compulsory third party insurance and assorted government taxes and imposts are! I pay between $550 and $600 for most of my vehicles per annum except my van which is more expensive. Some of the costs I can offset against the business though.

We currently have two cars, a van and four motorbikes registered. Too many. The Mana I'm afraid will either be sold or mothballed and the Racer is on the block as soon as Mark is finished with it. Stelvio and Griso are keepers.

Pete

[beetle]

Crikey, Phang. Reading that wiki page made my brain hurt.

[KiwiKev]

Where to?  In New Zealand, we pay NZ$515.76 for annual vehicle licensing for motorcycles over 601 cc.  In comparison, I pay $88.68 for my automobile (6200 cc).

Basically, a motorcyclist will pay over 5.8 times the amount those do for a car.  This is mainly because of the ACC levy (a compulsory accident insurance) which covers the rider and pillion and any other person involved in the accident, regardless of fault.  This levy applies to each motorcycle that is licensed.

I don't think our Oz neighbours are any better off.  Someone from there may care to chime in.

Yeh that ACC charge is criminal!! Bikes used to be about the same as cars but they dropped the levy on cars recently.

Guess that helps me as we have a car and campervan to register too.

Thing is you can de- register your bikes over winter here for free which helps. Minimum period is 3 months and you can do it on the inter web in five minutes so that helps somewhat.


Sent from my iPhone using Tapatalk

[KiwiKev]

Registration in Oz isn't that expensive. The compulsory third party insurance and assorted government taxes and imposts are! I pay between $550 and $600 for most of my vehicles per annum except my van which is more expensive. Some of the costs I can offset against the business though.

We currently have two cars, a van and four motorbikes registered. Too many. The Mana I'm afraid will either be sold or mothballed and the Racer is on the block as soon as Mark is finished with it. Stelvio and Griso are keepers.

Pete

We had to get a Roadworthy certificate for my boys car in Melb. Cost $150 and the dodgy mechanic failed it coz of an "oil leak".  It drops no oil but he showed us a few wet patches on the engine, seals need replacement $800 - $1200 job please.

Went home and bought a can of engine degreaser & sprayed the sh*t
out of it before hosing it down.

Mr Grumpy reluctantly passed it the next day.

We have independent testing stations back home that have no axe to grind as far as drumming up business for themselves, doesn't seem to be the case here?




Sent from my iPhone using Tapatalk

[beetle]

Rego check in NSW is $39. For bikes it's $23.

I got curious and checked rego fees in Vic. It's heinous.

[KiwiKev]

Rego check in NSW is $39. For bikes it's $23.

I got curious and checked rego fees in Vic. It's heinous.

Yeh the price varies too, we chose the cheapest we could find which maybe explains something too.


Sent from my iPhone using Tapatalk

[Muzz]

Phang, our daughters Volvo I contacted you about last time we were in Singapore has just gone to the breakers yard.

They shifted apartments to be closer to the public transport (which I might add is a lot better and cheaper than here in Christchurch!).

[Phang]

The COE price is not fixed,  it is decide by the bidding exercise once every fortnight.

I will use my Griso as an example, when I bought it new in 2010, the price of the bike was US$10k when it hit the port of Singapore.  The COE then was about US$1k, after various taxes and dealer's profit, I  paid US$24k on the road / out the door. That will allow me to own the Griso for 10 years, annual road tax is US $230 and insurance is about US $300 if I want to ride it.

Now the COE for motorcycle is US$4.4k based on the bidding exercise closed a few days ago. US$1 = S$1.4



If my Griso COE is expiring today, US$4.4k is the amount that I need to pay if I want to own and ride my Griso for another 10 years. If one is registering a new bike today, that's the amount of the COE.

My Griso COE is expiring in 2020, I won't know how much is the COE cost then, it could be a few hundred dollars or ten of thousands... if I can't afford the COE then, my Griso will head to the scrap yards, I can't even keep it as a display at home.

[Phang]

Phang, you need to emigrate.

I emigrated here 18 years ago 

[Phang]

Crikey, Phang. Reading that wiki page made my brain hurt.

it took me a while to get the idea too and they are constantly tweaking the system, what you knew a few years ago may not be relevant now.

[Phang]

Phang, our daughters Volvo I contacted you about last time we were in Singapore has just gone to the breakers yard.

They shifted apartments to be closer to the public transport (which I might add is a lot better and cheaper than here in Christchurch!).

I may give up driving when my current car's COE expire in 2022, it is just too much money to own a car here.

[KiwiKev]

I emigrated here 18 years ago 

My old firm Asurequality has an office / laboratory there at

Address:
29 Tai Seng Avenue
#06-07,Natural Cool Lifestyle Hub
Singapore 534119
T
Been there a couple of times & the building has a couple of old Chinese bikes in the foyer with sidecars. I thought they were Urals but Roy said they were Chinese - Beemer boxer type motors I think. Cool looking old machines at least, may still be there?


Sent from my iPhone using Tapatalk

[Phang]

My old firm Asurequality has an office / laboratory there at

Address:
29 Tai Seng Avenue
#06-07,Natural Cool Lifestyle Hub
Singapore 534119
T
Been there a couple of times & the building has a couple of old Chinese bikes in the foyer with sidecars. I thought they were Urals but Roy said they were Chinese - Beemer boxer type motors I think. Cool looking old machines at least, may still be there?


Sent from my iPhone using Tapatalk

Looks familiar to you? the world is small indeed

[KiwiKev]

Looks familiar to you? the world is small indeed

That could well be them Phang, are they still in the same place ??

I have some pics somewhere

[KiwiKev]

That could well be them Phang, are they still in the same place ??

I have some pics somewhere

Here they are :-)

[JJ]

Hi Phang!  I hope you are well, and I hope to see you again someday in Singapore! :1:

[canuck750]

Damn I thought I was paying too much!

I just registered our family's cars and my motorcycles for another year, $87.00 CDN ($62 USD) a piece tax included. Same price regardless of age or value of the vehicle.

The government doesn't give any breaks for motorcycle even though up here in the great white north winter keeps them off the road for 6 months at a time.