2023 Volkswagen Up!True Cost of Ownership in Singapore
65 hp inline-3. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$22K
Base: $14K
Annual Total
$19K
Insurance + fuel + maintenance
Import Duty
$6K
41% of base price
VAT
$2K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$114K
Purchase + 5yr running costs
2023 Volkswagen Up! — 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) | $14K |
| Import Duty (41%) | $6K |
| VAT / Sales Tax (9%) | $2K |
| Total Purchase Price | $22K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $2K |
| Annual Depreciation | $3K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $19K |
| 5-Year Total Cost of Ownership | $114K |
| Cost Per Kilometer | $1.234 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Volkswagen Up! Fuel Cost Calculator — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,710
USD equivalent
Monthly Fuel Cost
$143
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$11.40
6L × S$1.90
Volkswagen Up! Depreciation Curve
The Volkswagen Up! loses approximately $7K (49%) of its value over 5 years.
Year-by-Year Value
| New | $14K | 100% |
| Year 1 | $11K | 80% |
| Year 2 | $10K | 70% |
| Year 3 | $9K | 62% |
| Year 4 | $8K | 56% |
| Year 5 | $7K | 51% |
Depreciation based on economy segment averages.
Volkswagen Up! vs. Competitors in Singapore
How does the Volkswagen Up! compare to similar cars available in Singapore?
Volkswagen
Up!
Base Price
$14K
Annual Cost in Singapore
$19K
Toyota
Yaris
Base Price
$22K
Annual Cost in Singapore
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Singapore
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Singapore
$4K
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.
Moderate for Singapore
Annual car costs = 32% 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
Volkswagen Up! in Singapore — Frequently Asked Questions
Common questions about owning a Volkswagen Up! in Singapore.
The 2023 Volkswagen Up! has a base price of $14,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $21,517 USD (S$21,517 SGD).