News Published on : 22-Feb-2022 15:56:36

According to recent confused.com research the cheapest place to buy a hatchback is the United States. There the Volkswagen Golf will cost you $23 195 (£ 17 082) when bought brand new. To show just how wildly car prices can vary the cheapest that you re able to pick up a Golf in Singapore is S$182 900 equivalent to £ 99 305. This is actually over five times higher than in the US! While that might seem like a crazy price for a hatchback cars in Singapore are subject to heavy taxes and fees in an attempt to limit the number of vehicles on the road. For example the Additional Registration Fee (ARF) can potentially increase the initial base price by as much as 180%. The same research reveals the cheapest country to purchase a SUV is Canada where a Toyota RAV4 has a list price of C$28 850 (£ 16 796). Once again Singapore is by far the most expensive place to purchase an SUV with a cost of S$175 888 (£ 95 497) for a RAV4. According to the research the cheapest place to buy an EV is Macau. A Tesla Model 3 will cost MOP$324 290 (£ 29 456) in the Chinese special administrative region. While many countries are encouraging drivers to switch to electric vehicles a common reason people are reluctant to do so is the cost however our research suggests this isn t the case in Macau. When buying a Tesla Model 3 drivers in Singapore benefit from a S$25 000 VES (vehicle emissions scheme) rebate as well as an EV early adopter incentive of S$20 000. However a huge ARF tax of S$76 959 means that it remains the most expensive country to purchase a Model 3. Buying a sports car such as a Ford Mustang isn t likely to be cheap in many parts of the world. However Canada is once again the cheapest country to buy in with a list price of C$31 895 (£ 18 568) closely followed by the US. With the Mustang not currently available to be purchased new in Singapore the most expensive country in this instance goes to Cambodia with a cost of $145 000 (£ 106 785). The reason the price is so expensive here is that all vehicles and parts are imported into the country. Plus like Singapore vehicles are subject to heavy taxation with the costs being passed on to drivers.