What Fees Do You Pay When Buying A Used Car May 2026

: In Singapore, it is mandatory to have insurance before the ownership can be transferred.

: This must be renewed every 6 or 12 months. For cars older than 10 years, an additional surcharge of 10% to 50% is added annually. Dealer & Administrative Charges what fees do you pay when buying a used car

: This is a tax calculated based on the car's Open Market Value (OMV) . While the previous owner already paid it, it impacts your future PARF rebate if you scrap the car before 10 years. : In Singapore, it is mandatory to have