The New BMW M2 Almost Costs R7 Million In Singapore

New car prices are undeniably expanding astatine a less-than-ideal rate, but immoderate regions consciousness the pinch acold much than others.

Take Singapore, for example, wherever discrepancies successful car pricing compared to different markets are mind-boggling. The latest reminder comes with the eye-watering terms tag of the 2025 BMW M2.

At the existent speech rate, the M2 costs a staggering R6,7 million. In Singaporean dollars, that translates to a retail terms of a whopping $506,888.

But wherefore is the terms truthful astronomical?

This terms disparity isn’t unsocial to the M2 oregon adjacent BMWs. Singapore’s caller car marketplace is burdened by a analyzable strategy of taxes. These see an Additional Registration Fee (ARF) based connected a percent of the car’s Open Market Value (OMV) and a Vehicle Emissions Scheme (VES) surcharge depending connected the car’s emissions.

On apical of that, an Excise Duty adds a further 20% based connected the OMV, followed by an 8% Goods and Services Tax (GST).

But wait, there’s more! To ain and registry a car successful Singapore, you request to triumph a Certificate of Entitlement (COE) done a bidding process, which itself tin outgo six figures and expires aft 10 years. This COE comes connected apical of the car’s basal terms and each the aforementioned taxes.

While immoderate countries are gradually expanding taxes connected high-displacement engines, Singapore remains the undisputed champion of costly car ownership.

Source and info: BMWBlog

The station The New BMW M2 Almost Costs R7 Million In Singapore appeared archetypal connected Zero2Turbo.