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PDF Editor FAQ

How can I export my BMW 760i from UK to Singapore? Can I then sell it to the Singapore car market?

You can only do that if you are coming from the UK to live in Singapore, in which case you are allowed to bring your car along too:You may bring your own vehicle to Singapore only if it is less than 3 years old. The age of a used vehicle is reckoned from the date of its first registration in a foreign country.A surcharge of $10,000 is payable for each imported used car registered in Singapore.Your vehicle must pass a mechanical inspection at the Land Transport Authority (LTA) before it can be registered. The requirements are:All safety glass fitted must have not less than 70% light transmittance and must not contain any metallic oxide coating.Exhaust emmission standards as specified by either the European Directive 91/441/EEC or Article 31 of the Japanese Safety Regulation. A certificate of compliance is required.Only right-hand drive vehicles in Singapore.Vehicle must be able to use unleaded petrol.Vehicle must be fitted with approved front and rear safety belts.Vehicle must have asbestos-free brake and clutch lining.Air-conditioning units must be CFC-free.If your vehicle meets all these requirements and you are still convinced you want to import it into Singapore, here's what you must do:As the car you are importing is manufactured in one of the European Community countries, obtain the EEC Certificate of Conformity issued by the manufacturer for the car from the manufacturer or agent.Alternatively, the car can be tested overseas at any recognised vehicle testing laboratory for a Certificate of Compliance with Exhaust Emission Standards together with a Test Report and a Safety Glass Certificate.Obtain proof that the car is new or has never been registered for use (eg manufacturer's invoice, V308 Registration Document issued by the Department of Transportation, London, etc). For a used car, the vehicle registration document issued by the foreign authority is required.Technical specifications/catalogue issued by the manufacturer if the car is a new make or model previously not imported into Singapore (eg technical catalogue).Declaration form for asbestos-free brake and clutch lining.Arrange for shipment of the car to Singapore. Arrange with a shipping agent to obtain an Inward Cargo Clearance Permit. Your agent will have to submit a joint application to the Trade Development Board (TDB) and the Customs & Excise Department (CED) using the Tradenet System.The CED will assess the Open Market Value (OMV) of your car and customs duty will be levied at 41 per cent of the OMV.Still with us? Good, you're already half way there. The next step is to register your car, although that can be done on your behalf by a car agent.Submit items (1) through (6) listed in the preceeding section for verification at the New Registration Section, LTA, 10 Sin Ming Drive, Singapore 575701. The LTA will then notify you to send your car for inspection.Get a Certificate of Entitlement (COE), the price of which is determined by bidding in an auction, but don’t expect to pay less than 50k–60k SGD and obtain insurance coverage.Submit vehicle particulars at any computer service terminal at the Singapore Network Services (SNS) Service Centre, Bugis Junction and collect your Car Registration Application Form.At the New Registration Section of the LTA, submit the following:Car Registration Application FormCOE (issued by LTA as Temporary Certificate of Entitlement)Original passport or a Certified true copy of the Company Registration Certificate (if the car is to be registered under a company's name)Original insurance cover note or certificate of insurance, Notification of PARF benefit / COE rebate (if any) Successful bidding letter for Vehicle Registration Number (if any).In one cheque made payable to the Land Transport Authority, pay the registration fee of $1,000 for private registration and $5,000 for company registration. There is an Additional Registration Fee (ARF) of 150% of the car's OMV.Collect the following from the New Registration Section at LTA upon registration:COERegistration Card / Log CardRoad Tax discInsurance Cover Note or Certificate of InsuranceCongratulations! After all that (phew!) you are now ready to hit the roads.So for your 7 Series the cost is likely to be:£133,285 for the car£100 for all the paperwork£5000 for the shippingAssuming $135,000 OMV (typically OMV in SGD is around the same as UK OTR price in GBP)Surcharge $10,000Customs Duty: $55,350COE: $60,000Registration: $1000Additional Registration Fee: $202,500at an exchange rate of 1.79 SGD to the GBP your car costs roughly$ 576,559 plus insurance.Which is a saving of $ 124,241 over the Singapore dealership price of $700,800; so not too shabby. Well worth it if what you want is to bring your own car here to drive rather than buy the same thing in SG; but whether its a good business plan would depend on how much you can get for the car on the used car market, which might be a lot less than full dealer price.

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