The behavior of rich people is sometimes difficult to measure by ordinary people's reasoning. For example, what happened in Singapore when a lot of rich people bought luxury cars but not to drive on the highway. How come?
Yes, it turns out that the rich people in that country buy cars just to be stored. They didn't buy the car from the black market (BM), but apparently they had no intention of driving it on the highway like other vehicles.
Why buy a car just for display?
An interesting piece of info from Wapcar reveals that some Singaporeans have strange habits. Maybe you already know that in this small country there are lots of exotic cars circulating such as BMW, Mercedes-Benz, Ferrari, Lamborghini, Rolls-Royce, to Bugatti.
But it turns out that there are some consumers who buy luxury cars just for display. Instead of the car being used for them to drive, the car is instead made like a work of art that is looked at in a gallery.
After they bought the cars, they were sent to a dealer for storage. One of them is at the Wearnes Bonded Gallery dealer, which is located in one corner of the city of Singapore. This place is also a Bugatti showroom for the country.
To Avoid Paying Luxury Car Taxes
What some of the luxury car users in Singapore do is not a common thing. Even though it looks unique, the question arises as to why they bought a car but only to keep it at the dealer.
But the strong suspicion is that these people wanted to avoid the country's exorbitant luxury car taxes. So they buy a car that is off the road, aka not including taxes, then the car is stored without ever being used.
This action is actually not an illegal method, therandomsingaporean.com because they buy from an authorized dealer, then the car is stored at the dealer. But because they don't pay taxes, these cars don't have number plates, so they're not legal to use on the highway.
The cost of renting the place is also not cheap
Even though these luxury car users do not pay taxes, they still have to pay a fee for renting a place at the dealer they appoint to store the vehicle. For example, the Wearnes Bonded Gallery reportedly charges a fairly high tariff for a month's storage fee, which reaches 1,200 Singapore Dollars or the equivalent of Rp. 12.8 million.
This is because the dealer can ensure that the consumer's car is in optimal condition in a storage area of 60,960 meters. Even so, in this place there are already many owners of Ferrari, Porsche, Bentley, Rolls-Royce, and classic Jaguars who keep their vehicles.
In addition, the storage provider is not only a garage, but consumers can also hold exclusive parties at the location while showing off their collections to their business partners.
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