Additional Registration Fee (ARF) in Singapore: Your Questions Answered
These are the questions people ask most often about additional registration fee (arf). Each answer is short; follow the links for the full detail.
What does a additional registration fee (arf) calculation tell me?
Calculates the tiered ARF for cars registered in Singapore.
What is the formula?
100% on the first S$20,000 of OMV, 140% on the next S$20,000, 190% on the next S$20,000 and 250% above S$60,000.
What do I need to enter?
Open Market Value (OMV) (S$).
Is this financial advice?
No. It is a calculation tool. For decisions about loans or investments, compare official offer documents and consider speaking to a licensed adviser.
Can you show an example?
For example, with these inputs:
- Open Market Value (OMV) (S$): 35,000
the calculator returns:
- ARF payable: S$41,000.00
- ARF as % of OMV: 117.14%
Any tips?
- Factor in inflation when you plan for goals that are many years away.
- Use realistic return assumptions; long-term projections at high rates can be very misleading.
- Check for early repayment penalties and processing fees before taking any loan.
Background
An emergency fund of three to six months of essential expenses protects you from having to borrow at high rates when something unexpected happens. Once that buffer is in place, extra savings can go towards longer-term goals and investments.
Inflation erodes buying power, so a savings goal set in today's dollars needs to be adjusted upwards for the years it will take to reach it. Singapore's core inflation has varied widely over the past decade, so it is worth testing a range of rates.
Compounding is the reason long-term saving works: returns earn further returns, so the growth curve steepens over time. The same maths works against you with debt, which is why credit card balances at around 27% a year grow quickly if only minimum payments are made.
Related calculations
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- Profit Margin Calculator: Calculates profit, margin and markup from cost and price.
- Markup Calculator: Finds the selling price from cost and markup.
- Discount Calculator: Works out sale prices during Great Singapore Sale, 11.11 and other promotions.
Try it yourself with the Additional Registration Fee (ARF) Calculator.
Run your own numbers: Additional Registration Fee (ARF) Calculator