Hello M3 owners from Singapore!!

[Makingitsomeday]

Guys I'm 23 pursuing higher education now.. Wanna own a E92 M3 badly! With car prices soaring sky high I wondered how u guy do it?? Any tips to share?

[CAS_M3]

Get your priorities in order. Focus on finishing school. Work your a$$ off and one day you'll not only own one, but you'll appreciate it that much more. Good luck.

[Ghetto2315]

Originally Posted by M3AN///AW

Get your priorities in order. Focus on finishing school. Work your a$$ off and one day you'll not only own one, but you'll appreciate it that much more. Good luck.

This.

I remember I was 22 and just out of college and was wondering when I would be able to afford an M3. Dedicate yourself to working hard, keep a good head on your shoulders and make smart decisions, and you'll have one in no time. X2 on the appreciation of getting it by earning it.

[E92inSG]

U guys in Europe and US got to understand that a new M3 costs $400k in Singapore. That's $320,000 USD.

[Makingitsomeday]

Originally Posted by E92inSG

U guys in Europe and US got to understand that a new M3 costs $400k in Singapore. That's $320,000 USD.

That's why!! Headache!

[Mr. ///M3 RD]

I got my first M3 (used one at that) when I was 55, so I say you have something to look forward to and a few years to go ,,, good luck I know you will somehow make it earlier then I did

[trf417]

My suggestion, finish your school, move to the States and get your M3 there...

[crunchy_frog]

Originally Posted by trf417

My suggestion, finish your school, move to the States and get your M3 there...

+1

ex-sin here

[THE TECH]

Step 1. Move away from Singapore

[Peahi]

Do well in school and start a successful business along the lines of shangri la hotel or Singapore airlines! Jk

Singtown is expensive! Come over to California. M3 is not so rare here. Easier said than done though.

[E92inSG]

Originally Posted by Peahi

Do well in school and start a successful business along the lines of shangri la hotel or Singapore airlines! Jk

Singtown is expensive! Come over to California. M3 is not so rare here. Easier said than done though.

M3 are not so rare here too

in fact i've seen more F10 M5 than i can count with 2 hands in the past couple mths!

cars are expensive here but we sure do love them.

i'm 33 and i had to SETTLE for a 3yr old M3 that cost me USD$180,000

[Makingitsomeday]

A few days back, some dude just totaled an E9x M3 in Singapore. The car looked really mangled. I hope the driver is okay.

[jc68]

Originally Posted by crunchy_frog

+1

ex-sin here

Exactly.
Ex-Sing too

[E92inSG]

Originally Posted by Makingitsomeday

A few days back, some dude just totaled an E9x M3 in Singapore. The car looked really mangled. I hope the driver is okay.

Driver apparently fled the scene on foot so I'm pretty sure he was ok

[positiveions]

higher education=medical field

[Michaeljh2000]

$320k for an M3. How much for a used Sentra?

[Makingitsomeday]

Originally Posted by Michaeljh2000

$320k for an M3. How much for a used Sentra?

SGD 230-300k for 2008-2011
That would be USD 190-250k

[Makingitsomeday]

Originally Posted by Michaeljh2000

$320k for an M3. How much for a used Sentra?

If i am not mistaken, A used E9X M3 2008-2011 would range from SGD$230,000-$300,000
That would be USD$190,000-$250,000.

[Agent-GHQ]

Stay away from the high maintenance chicks

[MahiC]

Stay in Singapore, learn how to make money there. Then leave and ball out everywhere else.

[crypticc]

Originally Posted by Michaeljh2000

$320k for an M3. How much for a used Sentra?

Still expensive. I'm not from Singapore but did work there for 5.5 months and became fascinated by the topic... I amused myself and eased my frustration at not being able to drive the 335i I had at the time just spent 4 grand with some suspension and quaife upgrades by calculating how much it would have cost me to buy new.
Great place to work, great food, best atmosphere - but if you have any vices forget about it.


Breakdown :

Registration fee
Upto SG$20k 100% of wholesale price.
Upto SG$50k 140% of price
Above SG$50k 180% of price

Taxes
And then you add 20% government tax and then +7.5% of the final number ( tax on the car and tax all taxes included ).


The above also means nearly new second hand car prices kept high as you're buying the "
taxed car" not just the car.
Plus dealers mark up depending on desirability.


Certificate of motoring
But before you can even buy a car you competitively bid for certificate which allows car to drive on the road. That includes taxi drivers who HAVE to get one as its how they want to earn a living, and companies giving cars as perks. The volume of licences is controlled... Not sure its "one out, one in" but I doubt its far off that. That'll be another 50 grand then for a decent classif the economy is doing well

In ten years, after effectively being taxed at 3 to 5 grand a year for ten years it expires and you can buy another based on the average auctions price of the pervious 3 month. Or let it lapse to allow a new driver to bid for their turn.


Annual Road find licence
There's also a normal road fund licence which for an M3 will be about four grand a year and increasing slightly each year once car reaches its tenth birthday. +10%, 20%, 30% etc each year the car gets older to help you get out of that old banger. Eventually when car is 15 years old and probably considered a classic annual rate now fixed ar 150% more road tax than when it was new.

Basically if OP is looking at a car at all then I doubt money is the question.

[crypticc]

OP: what is your question. Is it financial or are you asking about how to get a good one ?

Best regards
Chris