Total Cost of Ownership Calculator

Calculate the full cost of owning a car in Singapore over 10 years, including COE, ARF, depreciation, insurance, petrol, parking, and maintenance.

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Total Cost of Ownership

Estimate the full cost of owning a car in Singapore. Adjust the inputs below and the results update instantly.

Quick Fill

Select a car model to auto-fill typical values, then adjust as needed.

Purchase Costs

S$
S$

Running Costs

S$
S$
S$
S$
S$

Ownership Period

1 yr 10 yrs 20 yrs

Total Cost of Ownership (10 yrs)

S$253,720

Equivalent to S$2,114 / month

Upfront Costs

OMV S$25,000
Excise Duty (20%) S$5,000
ARF S$27,000
COE S$100,000
Registration Fee S$220
Total Upfront S$157,220

Running Costs

Annual Road Tax S$950
Annual Running Total S$9,650
Total Running (10 yrs) S$96,500

Cost Split

Upfront 62% Running 38%

Understanding the True Cost of Car Ownership in Singapore

The sticker price of a car in Singapore is just the beginning. Between the Additional Registration Fee, COE premium, insurance, road tax, petrol, parking, and maintenance, the true cost of ownership can be 40-60% higher than what you pay at the showroom.

This calculator gives you a single, honest number — the total you will spend from the day you collect the keys to the day you return the plates. It includes both fixed costs like depreciation and ARF, and recurring costs like fuel and insurance that compound over 10 years.

If you are financing your purchase, the loan calculator can help you estimate monthly instalments separately. For a complete introduction to the COE system and how it affects your purchase, read our beginner guide to COE.

Frequently Asked Questions

What costs does total cost of ownership include?
The calculator accounts for the purchase price, COE premium, Additional Registration Fee (ARF), loan interest, insurance, road tax, petrol or electricity, parking, ERP charges, maintenance, and depreciation over your chosen ownership period.
How much does it really cost to own a car in Singapore per month?
Most owners spend between S$1,500 and S$2,500 per month all-in, depending on the car segment. A budget hatchback with a Cat A COE sits at the lower end, while a mid-size sedan under Cat B can exceed S$2,000 monthly once you factor in loan repayments, insurance, and running costs.
Is it cheaper to renew my COE or buy a new car?
It depends on your car's condition and the current PQP. Renewing avoids a new ARF and dealer markup, but you keep an ageing vehicle. Use the Renew vs Scrap calculator to compare both scenarios side by side.
Does this calculator work for electric vehicles?
Yes — enter the EV purchase price and switch the fuel type to electricity. For a dedicated EV-vs-petrol breakdown including VES rebates and charging costs, try the EV vs Petrol calculator.

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