Singapore Total Car Cost (OMV, COE & ARF) Calculator (2026)
Calculate Singapore total car purchase cost: OMV, Category A/B/E COE, tiered ARF (100%-320%), VES rebate/surcharge, 20% excise duty, and monthly depreciation.
Calculate Singapore total car purchase cost: OMV, Category A/B/E COE, tiered ARF (100%-320%), VES rebate/surcharge, 20% excise duty, and monthly depreciation.
Calculate Singapore total car purchase cost: OMV, Category A/B/E COE, tiered ARF (100%-320%), VES rebate/surcharge, 20% excise duty, and monthly depreciation. Calculate exact, penny-accurate projections compliant with 2026 CPFB • IRAS • Monetary Authority of Singapore (MAS) • HDB standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Total\ Cost = OMV + 20\%\ Excise + 9\%\ GST + ARF_{progressive} + COE + VES + Margin \\
GST = (OMV + Excise\ Duty) \times 9\% \\
Monthly\ Depreciation = \frac{Total\ Cost}{120\ Months\ (10\ Years)}Singapore has the world's highest car ownership costs. Total price comprises Open Market Value (OMV), 20% excise duty, 9% GST, progressive ARF (100%-320%), 10-year COE (often $100k+), and VES adjustments. Government taxes routinely account for over 70% of total price.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CPF interest rates, ABSD criteria, COE prices, and bank mortgage rates may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a MAS-licensed financial adviser or IRAS/CPF officer prior to executing financial commitments.
OMV is the baseline vehicle cost assessed by Singapore Customs, covering the actual purchase price, ocean freight, insurance, and handling charges. It serves as the base for calculating 20% excise duty, GST, and progressive ARF.
Under latest LTA progressive tiers: First $20,000 OMV at 100%; Next $20,000 at 140%; Next $20,000 at 190%; Next $20,000 at 250%; and any OMV exceeding S$80,000 is taxed at a staggering 320%!
Car depreciation equals: (Total Purchase Price - Expected 50% PARF scrap rebate at year 10) / 10 years (or 120 months). In Singapore, even a modest mass-market sedan depreciates by $1,500 to $2,200 every single month!
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