Although I have owned many cars in my 40-plus years of driving, there are still some things related to the buying and selling of vehicles in Singapore that intrigue me.
I discovered another one this week when I made a deal to sell my almost five-year-old car Camry so that I could buy another used but newer car. For sentimental reason, I wanted to retain my current registration number.
However, to my surprise, I was told that the Land Transport Authority (LTA) would charge me $1,300 for the retention of the number to be used for my next car.
I had paid $1,000 for that number in Year 2000 when I bought a new car and had it transferred to another new car five years later, paying only $100.
I have a number of questions:
1) why does LTA charge such a high fee -- $1,300 --- for the transfer when I had already paid $1,000 when I first bought the number?
2) Why is there such a vast difference in fee --- $1,300 for transfer to a used car compared to only $100 to a new car? Is the administrative work so much more difficult between one and the other?
3) Could this be another not-so-subtle way to weed out those whom they think would not be able to afford to own a car in Singapore?
I have asked LTA to give me the rationale for this apparently unfair, illogical and inconsistent policy.