Buying A Motorcycle In Singapore: A Complete Cost Guide

·8-min read

Thinking of buying a motorcycle? Be prepared to fork out around S$20,000 in first-year costs.

Given Singapore’s perpetually congested roads, and expensive car costs, those who need to get about without throwing themselves at the mercy of public transport can turn to motorcycles.

They are fun to ride, agile, easy to park and can be affordably maintained. And while the exposed design means there’s a heightened chance of suffering more serious injury in an accident, motorcycles are still a safe and convenient transport tool as long as they are used responsibly and sensibly.

And above all, motorcycles are cheaper than cars by a large degree. Not only in terms of vehicle price, but also costs for parking, petrol, maintenance and insurance.

If you’re thinking of taking to the roads in a two-wheeler, here’s how much buying a motorcycle will cost you in Singapore, as well as where you can look for a suitable set of wheels.

  • How much does motorcycle ownership cost?

    • Riding lessons & getting a license

    • Selling price of popular Class 2B motorcycles

    • COE, registration & insurance

    • Petrol, parking & ERP

    • Helmet, accessories, other gears

  • Where to buy motorcycles?

How much does owning a motorcycle cost?

Item

Cost (S$)

Riding lessons and license

600 – 700

Motorcycle selling price

5,000 – 8,000

COE

8,011

Insurance (per year)

200 – 400

Petrol, parking, ERP and road tax (per year)

1,800

Helmet, accessories and other gear

400 – 890

Total cost (first year)

16,011 – 19,801

While a motorcycle is certainly much cheaper than a car, it’s still a considerable expenditure.

There are a mix of upfront costs (such as COE) and periodic costs (like petrol and parking), so in order to accommodate them, let’s look at the first-year costs of owning a bike.

As shown in our calculations above, the first year costs of owning a motorcycle in Singapore can range from S$16,000 to slightly under S$20,000.

The following sections detail the various costs that go into this figure.

Motorcycle riding lesson and license costs

There are three driving centres in Singapore where you can go to get a Class 2B license, which is the basic qualification required before you can legally ride a bike in Singapore.

They are Bukit Batok Driving Centre (BBDC), ComfortDelGro Driving Centre (CDC), and Singapore Safety Driving Centre (SSDC).

With a Class 2B license, you can ride bikes not exceeding 200cc in engine capacity.

Getting your Class 2B from start to finish – assuming you pass in one try, and do not need revision lessons – will cost you several hundreds. Expect to pay between S$600 to S$700 here, more if you fumble on your tests and have to rebook them.

Here’s a cost breakdown by BBDC, for illustration.

Item

Cost (S$)

Subscription (valid for 1 year)

58.85Renewal: 5.01 per month

Eyesight test

1.82

Photo-taking

6.42

Theory lesson (100mins)

17.12

Theory practice (45mins)

3.21

Theory evaluation

5.35

Practical lesson – circuit (100mins)

Off-peak: 25.68Peak: 29.96

Practical lesson – road (100mins)

Off-peak: 36.38Peak: 40.66

Stage 8 practical lesson (100mins)

Off-peak: 59.92Peak: 62.06

Traffic police simulation (20mins)

23.06

Expressway familiarisation

40.66

Selling prices of popular Class 2B motorcycles in Singapore

According to at least one online source, the selling price of a Class 2B motorcycle – without COE – can range from S$5,000 to over S$8,000, depending on make and model.

Here’s a sampling of some popular Class 2B motorcycles in Singapore.

Make and model

Type

Selling price (S$)

Honda ADV 150 ABS

Scooter

6,500

Yamaha FZS150

Street bike

5,300

Honda Winner X 150

Cubs

5,150

Honda CB150R Streetster

Street bike

6,780

Yamaha Aerox 155

Scooter

5,600

Bajaj Pulsar RS200

Sports bike

6,150

Yamaha WR155R

Scrambler

6,600

Kawasaki Ninja 125

Sports bike

8,838

Source: SGBikeMart

COE, registration and insurance costs

No surprises here, but motorcycles are subject to Certificate of Entitlement (COE) costs as well. Additionally, you’ll have to pay for registration as well as motor insurance.

Here’s a breakdown of the typical costs you can expect.

Item

Cost (S$)

COE – Category D (All motorcycles)

8,011

Registration Fee

220

Additional Registration Fee

First 5,000 (15% of Open Market Value)
Next 5,000 (50% of Open Market Value)
10,000 and above (100% of Open Market Value)

Excise duty

12% of bike’s Open Market Value

Insurance (12-months)

200 to 400

When considering a purchase, do check if the advertised selling price includes Registration Fee, Additional Fee and Excise Duty.

Most listings do, but some advertise a startlingly low price like S$250. Ads like that are usually promoting a “ride-away” price, with the actual selling price folded into a loan.

Petrol, parking and other costs

As you ride your bike around from day to day, you’ll incur some costs as well, such as petrol, parking, ERP and road tax. These could add up to around S$150 per month.

See the table below for a quick breakdown.

Item

Cost per month (S$)

Petrol

100

Parking (HDB concessionary season parking)

20

ERP

20

Road tax

31.28 per six months

Obviously, figures for petrol and ERP are only an estimate; your own costs may be higher or lower.

Helmet, accessories and other gear

And, finally, we need to budget for some gear and accessories, some necessary, such as a helmet and gloves, and some purely just to look the part of a badass biker.

Biking accessories can cost you anywhere from S$400 to S$890. Thankfully, these items will last you a few years at least.

Item

Cost (S$)

Helmet

50 – 100

Gloves

20 – 40

Vehicle camera

200 – 500

Jacket

100 – 200

Windbreaker or raincoat

30 – 50

Where to buy a motorcycle in Singapore?

Now that you have a rough idea of how much it costs to buy a motorcycle in Singapore, you may be wondering where you should go to shop for them.

There are a couple of options for you here, ranging from online marketplaces to dealers and even your neighbourhood motor workshop.

SGBikeMart

The popular online portal carries listings of motorcycles for sale, both new and second-hand. You can search and filter your results to zero in on the model of motorbike you want, browse their specifications, and survey prices across different dealers.

There’s even a handy comparison tool that lets you make a side-by-side comparison between two different motorbikes, if you need some help making up your mind.

Registration for an account is free, as is browsing the listings. However, if you want to list your own motorcycle for sale, you’ll need to pay some fees.

Carousell

If you’re in the market for a second-hand motorcycle, give Carousell a visit.

The specialised Cars and Property section contains a dedicated page just for motorcycles, and you can easily filter your search results to narrow down to the ones you want.

Although a large majority of the bikes listed are second-hand, you can also find some brand new vehicles, put up for sale by authorised dealers.

United Cycles LLP

United Cycles is a motor dealership located in Kaki Bukit, specialising in brand new and second-hand motorbikes for sale.

They are also active Facebook users, making use of their special media page to list their latest offerings, complete with clear, up-close photos from multiple angles so you know exactly what you’re in for.

Go ahead and follow their Facebook page (linked above) if you’re keeping an eye out for a rare or interesting find.

SG Used Motorcycle Buy/Sell

Speaking of Facebook, SG Used Motorcycle Buy/Sell is a public Facebook page where bike enthusiasts can gather to list their vehicles for sale.

Some parties also want to trade their accessories, making the group a good place to lurk if you’re looking to get your hands on some specific parts or discontinued mods.

Mixed in with the user listings are also advertisements for bike-related products and services. And because it’s a social media platform, you can crowdsource reviews or experiences to help you avoid any shady deals.

Boon Siew Singapore

An officially appointed Honda representative in Singapore, Boon Siew’s website is a sleek and professionally designed hub where you can get all the information you need on motorcycles sold by the beloved Japanese brand.

From sale prices of current models and details on maintenance packages, to upcoming launches, there’s plenty to keep Honda fanboys salivating for hours. There’s even a virtual showroom that you can visit through your browser.

And once you’re ready to make a purchase, you’ll find a handy listing of Honda motorcycle dealers in Singapore, allowing you to quickly locate your nearest one.

Read these next:
Best Petrol Credit Cards in Singapore (2021)
How Much Does It Truly Cost To Maintain A Car In Singapore?
Buying An Electric Car In Singapore: A Complete Guide
Guide To Electronic Road Pricing (ERP) Rates, Gantries And Operating Hours
5 Best Car Insurance Plans in Singapore (2021)

By Alevin Chan
An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.

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