Now, buying a car in Singapore will become more expensive. To buy a car in Singapore, the buyer must now bid for the Certificate of Entitlement (COE). Whose price now is 106,000 Singapore dollars, equivalent to approximately Rs 64.35 lakh in Indian rupees. For this price, anyone in America can buy four Toyota Camry Hybrids.
Introduction Of Certificate Of Entitlement System
According to the news of Times of India, Singapore started the 10-year Certificate of Entitlement system in 1990 to control the number of vehicles. Due to the bidding process, Singapore became the most expensive city in the world to buy a car.
If a person wants to buy a Toyota Camry Hybrid in Singapore, he will have to pay 183,000 Singapore dollars (about Rs 1.1 crore in India), which includes COE, registration fee and tax.
Talking about the year 2020, the price of COE was low, i.e. around 30,000 Singapore dollars. However, after Corona, the number of vehicles increased significantly, and their number reached 9,50,000. The number of new COEs is decided by how many old cars have been deregistered.
Specifications, Features and Price Of Toyota Fortuner
In the Indian market, you can buy a Toyota Fortuner with one diesel and one petrol engine option, ranging from Rs 32.99 lakh to Rs 50.74 lakh ex-showroom. Talking about power output, its diesel engine is 2755 cc, while its petrol engine is 2694 cc and can be purchased with manual and automatic transmission.
According to different variants and fuel types, the mileage of Fortuner is up to 10.0 km. This is a seven-passenger vehicle. Its length is 4795mm, width is 1855mm, and wheelbase is 2745mm.
