In Singapore, there is a system called “Certificate of Entitlement” (COE)
This allows you to buy and own a car for 10 years (it is pegged to the car, not the person)
Today the price for the COE hit $76,000 USD. On top of this the excise duty on a car is $100% of the factory sticker price.
So - anybody up for buying a new car?
The car that I bought new for $70,000 SGD 6 years ago, would, at today’s prices, be about $150,000 (model for model replacement)