I was reading 15HWW post on owning a car and was inspired to do a write up on my experience owning a car in Singapore. I never realized, I didn't really talk about the car in itself. I talked about the petrol savings and stuff like that but never really a holistic view of owning a car. **The irony of things is... you actually OWN a car, but you don't OWN your HDB. BUT, although you own the car, you don't have a right to drive it without a COE. So... you're still pretty stuck in our sunny Singapore.** Ok... let's talk about the car in itself. A typical car's value in Singapore is pretty much... Value of car = COE + PARF + Premium/Body price The "Premium/Body price" is an arbitrary number which will be slowly revealed as you read on. When you buy a new car from the dealer and you immediately want to scrap it, LTA ......