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Drivers in Singapore have to bid for a Certificate of Entitlement to own a car there. AdvertisementAdvertisementIf you want to own and drive a car in Singapore, you're going to have to pay up: Drivers have to now shell out a whopping $76,000-plus to get the right to buy a vehicle there. That certificate is now upwards of a record 146,002 Singapore dollars, about $106,000, for an SUV, Reuters reported. AdvertisementAdvertisementIt costs at least 76,000 Singapore dollars just to own a smaller vehicle, or what's considered a standard Category A car. The expense comes on top of the cost of the car itself, making vehicle ownership in Singapore unobtainable for many.
Persons: , what's Organizations: Service, Reuters, Toyota Locations: Singapore, Singapore unobtainable, New York
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