How much does it really cost to own a car in Singapore?

With Cat A COE at $128,501 (August 2026), a typical new small car costing $150,000 works out to roughly $2,300–$2,700 per month over 10 years once depreciation, loan interest, fuel, insurance, road tax, parking and maintenance are counted — about $1.85 per kilometre at 15,000 km a year.

How is ARF calculated in Singapore?

The Additional Registration Fee is tiered on Open Market Value: 100% of the first $20,000, 140% of the next $20,000, 190% of the next $20,000, 250% of the next $20,000 and 320% above $80,000.

What do I get back when I deregister my car?

A PARF rebate of 5–30% of ARF paid (capped at $30,000) for cars with COEs from the February 2026 second bidding onwards, or 50–75% (capped at $60,000) under the old schedule, plus a rebate for any unused COE period.

The True Cost of Owning a Car in Singapore (2026 Calculator) - Latest COE Prices & Vehicle News Around the World

Your car & costs

Car price incl. COE (S$)

Open Market Value (S$)

ARF: $27,000

PARF schedule (when was the COE obtained?)

Years you’ll own it (max 10)

Distance driven (km / year)

Loan (% of price)

Interest (flat % p.a.) & tenure (yrs)

Fuel economy (km / litre)

Petrol price ($ / litre)

Road tax ($ / year)

Insurance ($ / year)

Parking ($ / month)

HDB season ~$110 + public/office

ERP + misc ($ / month)

Servicing & repairs ($ / year)

Accessories + upgrades (one-time, S$)

Solar film, cams, rims, audio, admin fees

Accident provision ($ / year)

Insurance excess, NCD loss, uncovered repairs

True cost of ownership

$2,406 / mo

Over 10 years, after your PARF rebate back.

$288,760Total cost

$1.92 / kmPer kilometre

$1,350PARF rebate back

$17,514Loan interest

How this calculator works

What’s included and what’s not?

Included: depreciation (price minus PARF rebate), loan interest (flat rate), fuel, road tax, insurance, parking, ERP, servicing, one-time accessories and upgrades, and an annual accident provision (excess, NCD loss, uncovered repairs). Not included: fines and any resale value above the paper (PARF) value — so for cars sold on the used market before 10 years, treat the result as conservative.

How is the PARF rebate computed?

ARF is computed from your OMV using the current tiers (100% of the first $20k, 140%, 190%, 250%, then 320% above $80k). The rebate is a percentage of that ARF based on the car’s age at deregistration — 5–30% capped at $30,000 under the Budget 2026 schedule, or 50–75% capped at $60,000 for cars with COEs from before the February 2026 second bidding.

Why is my road tax figure an input?

Road tax depends on engine size or motor power and changes with rebates and surcharges. Typical Cat A cars pay roughly $700–$800 a year; EVs pay by power output plus a $700 flat component. Enter your exact figure from OneMotoring for precision.