The total basic cost is the amount the dealer paid for to import and register the vehicle in Singapore. For Commercial Vehicles, it includes the OMV, GST, ARF, CVES incentive/surcharge, registration fees and COE.
The total basic cost excludes insurance premium, number plates, road tax, IU, dealer's commission, and all other overheads.

The formula used to derive the figure is as follows:
Total Basic Cost = OMV + GST + ARF + Registration fee + COE + CEVS value.

Where:
GST = 7% x (OMV)
Registration fee = $220

For more information on total basic cost, please click here.

Take note that in cases whereby the dealer is not the importer of the vehicle, the actual cost price of the car to the dealer will be significantly higher than the total basic cost.