Singapore Car Market You Should Know

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Wallacezeng-co
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Buy Used Cars in Singapore

• Singapore Car Market You Should Know

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Category

• Buying used Car in Singapore
• Singapore Car Market
• Singapore Automobile
• First automobile Singapore
• Automobile Insurance Quote

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Singapore Car Market You Should Know

• It is a fact that the prices of new cars in
  Singapore went up but the sales went down due to
  the high price of cars.
• Though the cars may seem affordable, people do
  not want to buy because of the complicated
  processes that they must go through just to be
  able to own one.
• The Singapore government wants Singapore to be a
  car less country this is because of the traffic
  jam that they are experiencing at the moment.
• On the other hand, people are unhappy because
  they are having a hard time in registering their
  newly bought car and the price of the insurance
  is too high as well.

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• According to a data around 560,000 individuals
  own a car from 1.25M households in Singapore. But
  business men protests because their cars are
  parked the entire day at their respective offices
  so they do not actually cause traffic within the
  day while they are at work.
• Singapore car market resulted in Singapore being
  1 of the second exporter of used cars in the
  world next to japan.
• They have around one hundred thousand cars
  exported yearly. Cars are being exported to
  different countries in the world like Africa and
  Asia.

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• They have become the number one exporter of used
  cars due to the fact that their government is
  into car reduction with the high cost of COE
  PARF.
• These 2 are represented by eighty percent of the
  price of medium cars like Honda Accord. With COE
  PARF being less expensive previously, in a lot
  of instances the drop yearly in these 2 rebates
  starts to become important when compared with the
  pre-tax or OMV of a new car.
• One of the most practical ways to own a car is to
  keep it for the longest time until the cost of
  the repair exceeds the cost of the depreciation
  of the new car or the cost of the financing.

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• Car brands are usually sold by a sole company
  though there are also dealers that are selling
  the same brand of cars.
• Some dealers have more than one brand compared to
  western countries that are selling the same
  brands.
• The size of the Singapore market is somehow
  limited to some brands and there are brands that
  are being offered by other countries that are not
  available in Singapore.

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• Compared to Australia where you can find US Honda
  accord and the Honda accord in Japan, you can
  only find the Japanese Honda Accord in Singapore.
  
• There are some other brands being offered there
  like Saab Volvo but you can only buy them in
  Automatic transmission and they do not have
  manual transmission for these cars.

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More To Know
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