Not possible in Singapore...
The case of "Cues Worth More Than Your Car" would be near impossible in Singapore. Car prices new or used are atrociously expensive in Singapore.
Here are some examples.
Brand New Honda Civic 1.6 Liter Engine : US $109,000
Brand New Honda Civic 1.8 Liter Engine : US $133,000
Brand New Honda Accord 2.4 Liter Engine : US $145,000
Brand New Ford Mondeo 2.0 Liter Engine : US $145,000
Brand New BMW 320i : US $176,000
Brand New Mercedes S500 (think it's called S550 in the states) : US $407,000
Used 1992 Toyota Corona 1.6 Liter Engine (COE till 2019) : US $17,000
Used 1995 Honda Civic 1.5 Liter Engine (COE till 2015) : US $15,000
Used 1993 Honda Civic 1.6 Liter Engine (COE till 2019) : US $17,000
All cars in Singapore needs to have a COE otherwise known as the Certificate of entitlement. It is an amount that you pay the Land Transport Authority (LTA) for registering your car in Singapore for local use and has a duration of 10 years, after which it requires a renewal.
The COE system is essentially a vehicle quota system by the Singapore government to regulate the number of vehicles on the roads. Under this system, the LTA determines the number of new vehicles allowed for registration while the market determines the price of owning a vehicle.
So you notice that under the Used car examples i've included the COE expiration date.
The current going rates of COE in Singapore are:
$56,000 for cars with engine capacity under 1.6 litre and below
$65,000 for cars with engine capacity over 1.6 litre
These prices fluctuates in accordance to demand for new COEs for the month.
Just thought i'd share these info :wink: by the way i hear Denmark's equally expensive, was there a couple of times and i hear clients complaining about the prices too.
