The showroom does exisit with the price of land in Singapore being so expensive this is the most economical way to show the cars.There are sales persons on site.you choose the car to look at and it will be down in 4 minutes!
To import a classic it has to be 25 years old .The import duty is 20% of market value.
The ARF payable for a classic car with an OMV of S$75,000 will be calculated as follows:
Vehicle OMV
(S$75,000) ARF Rate ARF Payable
First S$20,000 100% 100% x S$20,000 = S$20,000
Next S$30,000 140% 140% x S$30,000 = S$42,000
Above S$50,000 180% 180% x S$25,000 = S$45,000
Total ARF payable is (S$20,000 + S$42,000 + S$45,000) = S$107,000
So the total cost of a 75k singapore dollars will be 207k including car price which is 115 k pounds !
Also the restriction you can only use it 45 days a year !
Last edited by brownbaker; 20/05/17 09:03 AM.