Car Cost Calculator (Singapore) — ARF, COE & VES
Estimate the real cost of owning a car, well beyond the sticker price: taxes, COE, loan and running costs.
Open the free calculator →What you'll need
- Open Market Value (OMV)
- COE bid price
- Loan amount and tenure
- Insurance, road tax and running costs
How it works
On top of OMV you pay excise duty (20% of OMV), GST (9%), the Additional Registration Fee (ARF, 100%–320% of OMV), the COE and a registration fee — then ongoing insurance, road tax, fuel and parking.
Current Singapore rules
| Portion of OMV | ARF rate |
|---|---|
| First $20,000 | 100% |
| Next $20,000 | 140% |
| Next $20,000 | 190% |
| Next $20,000 | 250% |
| Above $80,000 | 320% |
Worked example
On an OMV of $25,000: ARF = 100%×$20,000 + 140%×$5,000 = $27,000; excise duty = 20%×$25,000 = $5,000; GST = 9%×($25,000+$5,000) = $2,700. COE and registration are added on top.
Important assumptions
- Excise duty 20% of OMV; GST 9%; registration fee S$350
- From Feb 2026 the PARF rebate was cut to 30%–5%, capped at $30,000
- ARF, COE and road tax do not attract GST
Cases not fully modelled:
- Exact COE prices (set by bidding)
- EV incentives (EEAI/VES) unless entered
- Dealer margins and optional add-ons in detail
Official sources and verification
- LTA OneMotoring — Additional Registration Fee (ARF)
- LTA OneMotoring — Vehicle Tax Structure
- LTA OneMotoring — PARF & COE Rebate
- LTA OneMotoring — Vehicle Emission Schemes
- MAS — Motor vehicle loans
Direct links to the relevant official pages. Rules and rates change; last checked 21 June 2026. Always confirm against the official source.
Open the free calculator →Frequently asked questions
What taxes apply when buying a car in Singapore?
Excise duty (20% of OMV), GST (9%), the ARF (100%–320% of OMV) and the COE, plus a registration fee.
What changed with the PARF rebate in 2026?
For cars registered with COEs from the second February 2026 exercise, the PARF rebate was reduced to 30%–5% with the cap halved to $30,000.
How much can I borrow for a car?
Under MAS rules, up to 70% of price for OMV ≤ $20,000, otherwise 60%, with a maximum 7-year tenure.