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Cars in Singapore are sold up to 19 times more expensive than that in the United States. Ironically, Singaporeans are still more than happy to splurge on luxury brands such as Lamborghinis, BMW, Audi and Mercedes-Benz. Just how much do they pay then?
Singapore boasts one of the highest car prices in the world. Take one of the cheapest cars on Earth, Chery, for instance - as listed on sgCarMart.com, the most basic QQ retails at close to S$87,000 with taxes. However, according to an American motoring online portal, the China-made hatch goes for a mere US$3,600 (approx S$4,530) in the United States, 19 times cheaper than that for sale on the sunny island. If the QQ, being one of the cheapest cars available is so expensive in Singapore, why are Singaporeans buying alternatives which are even more expensive?
- http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/20/prweb9278456.DTL
Singapore boasts one of the highest car prices in the world. Take one of the cheapest cars on Earth, Chery, for instance - as listed on sgCarMart.com, the most basic QQ retails at close to S$87,000 with taxes. However, according to an American motoring online portal, the China-made hatch goes for a mere US$3,600 (approx S$4,530) in the United States, 19 times cheaper than that for sale on the sunny island. If the QQ, being one of the cheapest cars available is so expensive in Singapore, why are Singaporeans buying alternatives which are even more expensive?
- http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/20/prweb9278456.DTL