- Joined
- Oct 15, 2023
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Owning a car in S'pore is notoriously expensive owing to high costs like the COE, taxes and other related fees. This has led some S'poreans who desire a car, but cannot afford the upfront and ongoing expenses of private ownership to consider becoming PHV drivers. For a PHV driver, the car is a business tool. Many of the costs associated with ownership like the loan repayment, fuel, maintenance and insurance, are directly linked to their income-generating activity. This makes the high cost of a car more manageable than for a private owner.