Photo Scanner: Fair Market Value Calculator

Sunday 11 November 2012

Fair Market Value Calculator

The Open Market Value of a vehicle is determined by Singapore customs and is equivalent to the price of the car, including freight and other incidental charges. The result of the peculiarities of the Singapore car market has resulted in Singapore being the second largest exporter of used cars in the world after Japan.[citation needed] Approximately 100,000 cars are exported yearly. Cars are exported to many countries, including African countries. Used cars are often exported to other countries that have right-hand drive arrangements, but there are exports to left hand drive countries.[14] New Zealand allows the importation of used cars previously registered in Singapore without need for any modifications.