2021 Lotus Elise Sport 220True Cost of Ownership in Singapore
220 hp supercharged inline-4. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$92K
Base: $60K
Annual Total
$33K
Insurance + fuel + maintenance
Import Duty
$25K
41% of base price
VAT
$8K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$258K
Purchase + 5yr running costs
2021 Lotus Elise Sport 220 — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $60K |
| Import Duty (41%) | $25K |
| VAT / Sales Tax (9%) | $8K |
| Total Purchase Price | $92K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $5K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $33K |
| 5-Year Total Cost of Ownership | $258K |
| Cost Per Kilometer | $2.217 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Lotus Elise Sport 220 Fuel Cost Calculator — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,850
USD equivalent
Monthly Fuel Cost
$238
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$19.00
10L × S$1.90
Lotus Elise Sport 220 Depreciation Curve
The Lotus Elise Sport 220 loses approximately $30K (50%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $47K | 78% |
| Year 2 | $41K | 68% |
| Year 3 | $36K | 60% |
| Year 4 | $32K | 54% |
| Year 5 | $30K | 50% |
Depreciation based on sports segment averages.
Lotus Elise Sport 220 vs. Competitors in Singapore
How does the Lotus Elise Sport 220 compare to similar cars available in Singapore?
Lotus
Elise Sport 220
Base Price
$60K
Annual Cost in Singapore
$33K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in Singapore
$14K
BMW
M2
Base Price
$63K
Annual Cost in Singapore
$14K
Toyota
GR86
Base Price
$30K
Annual Cost in Singapore
$8K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Expensive for Singapore
Annual car costs = 57% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Lotus Elise Sport 220 in Singapore — Frequently Asked Questions
Common questions about owning a Lotus Elise Sport 220 in Singapore.
The 2021 Lotus Elise Sport 220 has a base price of $60,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $92,214 USD (S$92,214 SGD).
Related Car Cost Pages
Lotus Elise Sport 220 in Other Countries
- 🇺🇸Lotus Elise Sport 220 in United States
- 🇬🇧Lotus Elise Sport 220 in United Kingdom
- 🇩🇪Lotus Elise Sport 220 in Germany
- 🇫🇷Lotus Elise Sport 220 in France
- 🇯🇵Lotus Elise Sport 220 in Japan
- 🇦🇺Lotus Elise Sport 220 in Australia
- 🇨🇦Lotus Elise Sport 220 in Canada
- 🇳🇴Lotus Elise Sport 220 in Norway
- View all 50 countries →