In the world of luxury cars, prices can vary greatly from market to market. However, the case of the BMW M2 2025 in Singapore is particularly surprising. With prices reaching dizzying heights, this situation raises many questions about local pricing policies and their impact on the consumer.
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Give exorbitant taxes
In Singapore, luxury cars like the 2025 BMW M2 aren't just a status symbol. They also represent a considerable financial burden.
The high price of the M2 is mainly due to a series of taxes that add up. L’Additional Registration Fee (ARF)for example, is based on a percentage of the open market value of the car.
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Additional systems
In addition to the ARF, another pricing system, the Vehicle Emissions Scheme (VES)imposes an additional surcharge.
This system takes into account harmful gas emissions from the engine, thus adding to the already hefty bill for car buyers in Singapore.
Other hidden costs
The list of costs doesn't end there. A Excise tax of 20% is also applied, followed by a goods and services tax of 8%.
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And that's not all. To own and register a car, you must obtain a Certificat d’Entitlement (COE) which can cost a six-figure sum.
| ???? Prix | The BMW M2 costs around $383,000 in Singapore. |
| ???? Taxes | Multiple taxes increase the selling price in Singapore. |
| ???? COE | The certificate of ownership is expensive and necessary. |
Comparison with other markets
In comparison, the BMW M2 is much more affordable in the United States, with a price tag of around $66,000. This difference is astonishing.
In Europe, although taxes increase for cars with large displacement engines, they do not rival the level in Singapore.
Faced with these costs, the question remains: how do Singaporean consumers perceive these prices and what solutions could alleviate this financial burden?
