Deckbuild 6th Gear February 18, 2012 Share February 18, 2012 After they have scrap the transfer fees, but now you have to pay additional of GST when you renew your rad tax?! Last time the road tax amount is inclusive of GST. If that's true, it will equate to the amount for transfer fees waived. ↡ Advertisement Link to post Share on other sites More sharing options...
13177 Hypersonic February 18, 2012 Share February 18, 2012 If that's true, it will equate to the amount for transfer fees waived. Dont think got so much even you need to pay for GST?! Transfer fees amount should be more. Link to post Share on other sites More sharing options...
Blackyv Turbocharged February 18, 2012 Share February 18, 2012 Btw, just curious why the new transfer fee is $11? Why not $10 or $12?..umm any chance its a hint that 10%gst is on the way?.. $10+10%gst=$11... Link to post Share on other sites More sharing options...
Darthrevan Supercharged February 18, 2012 Share February 18, 2012 Btw, just curious why the new transfer fee is $11? Why not $10 or $12?..umm any chance its a hint that 10%gst is on the way?.. $10+10%gst=$11... probably just a token sum for administrative fee Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 18, 2012 Share February 18, 2012 This means the sgcarmart dealers can proudly transfer the cars to their name....n proudly claim Direst owners sales!! Be careful hor...... But, one more owner lor. Link to post Share on other sites More sharing options...
Ch9tristan Clutched February 18, 2012 Share February 18, 2012 Don be too happy yet.. no transfer fee only favour the used car buyer, they may tweak this and get this back from the general public thru ERP or etc in future so beware !!! last time give out money to singaporean then after that increase GST, i rather such things never happen Link to post Share on other sites More sharing options...
Ithunk 1st Gear February 18, 2012 Share February 18, 2012 (edited) But what is "Additional levy"? its $11 flat additional levy is road tax or it applies to new vehicles?...ive checked on one motoring its $11 transfer fee for a ferrari or lambo costs thousands and thousands of dollars in the past now it will cost $11 Edited February 18, 2012 by Ithunk Link to post Share on other sites More sharing options...
Achee 4th Gear February 18, 2012 Share February 18, 2012 Transfer fee used to be 2% of the estimated market price of the vehicle. Link to post Share on other sites More sharing options...
Ithunk 1st Gear February 18, 2012 Share February 18, 2012 ya la additional levy applies to new car less than a year old.... means u buy u have to keep the vehicle for a year....then no additional levies will be applied.... however if the owners dies....then i think can write into LTA....but that is a rare occasion Cars registered using Categories A and B Certificates of Entitlement are allowed to be transferred only after the first 3 months from the date of registration. If such cars are transferred between the 4th and 6th months of registration, an Additional Levy (AL), if applicable, is payable. The AL is the positive difference between the Quota Premium (QP) of the relevant car quota category at the point of transfer and the QP paid for the registration of the car. A transfer of registration within the first three months from the date of registration may be allowed in the event of the death of the registered owner. However, the application may be subjected to Additional Levy. those that buy used cars more than a year old no problem Link to post Share on other sites More sharing options...
Ithunk 1st Gear February 18, 2012 Share February 18, 2012 Transfer fee used to be 2% of the estimated market price of the vehicle. ya say a vehicle cost 1 000 000 2% will be 20 000 Link to post Share on other sites More sharing options...
Achee 4th Gear February 18, 2012 Share February 18, 2012 those who buy high end 2nd hand cars like Ferrari, Lambo, Aston Martin will be happy like fk Link to post Share on other sites More sharing options...
Ithunk 1st Gear February 18, 2012 Share February 18, 2012 those who buy high end 2nd hand cars like Ferrari, Lambo, Aston Martin will be happy like fk they are rich in the first place....but i am sure saving that kind of thousands on transfer fees will matter to them its $11 flat, abit surreal.... Link to post Share on other sites More sharing options...
Achee 4th Gear February 18, 2012 Share February 18, 2012 saw Ferrari owners staying in HDB flats too Link to post Share on other sites More sharing options...
Ithunk 1st Gear February 18, 2012 Share February 18, 2012 (edited) saw Ferrari owners staying in HDB flats too there should be but rare anyway i saw a ferrari 599 along mountbatten road along with other high end sports continentals in a landed property and its pointless to get ferrari staying in a hdb flat....a 100 plus k vehicle maybe but not a 300k plus vehicle Edited February 18, 2012 by Ithunk Link to post Share on other sites More sharing options...
Achee 4th Gear February 18, 2012 Share February 18, 2012 (edited) a chinese saying: beat the face to look fat For some, the HDB flat could be their 2nd or even 3rd home Edited February 18, 2012 by Achee Link to post Share on other sites More sharing options...
Maroon5 5th Gear February 18, 2012 Share February 18, 2012 ya la additional levy applies to new car less than a year old.... means u buy u have to keep the vehicle for a year....then no additional levies will be applied.... however if the owners dies....then i think can write into LTA....but that is a rare occasion Cars registered using Categories A and B Certificates of Entitlement are allowed to be transferred only after the first 3 months from the date of registration. If such cars are transferred between the 4th and 6th months of registration, an Additional Levy (AL), if applicable, is payable. The AL is the positive difference between the Quota Premium (QP) of the relevant car quota category at the point of transfer and the QP paid for the registration of the car. A transfer of registration within the first three months from the date of registration may be allowed in the event of the death of the registered owner. However, the application may be subjected to Additional Levy. those that buy used cars more than a year old no problem 6 months can alr. all coe cat. Link to post Share on other sites More sharing options...
Maroon5 5th Gear February 18, 2012 Share February 18, 2012 if buy from direct owners, straight away save. no hanky panky fr pesky dealers. Link to post Share on other sites More sharing options...
Draco666 Neutral Newbie February 19, 2012 Share February 19, 2012 Damn lucky, I just put down payment on Friday, dealer will only settle paper work on sat with LTA. ↡ Advertisement Link to post Share on other sites More sharing options...
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