The top 10 expensive places of the World to buy a Car

As resources become more and more scarce, countries around the world are facing increasing costs of living. Besides this, owing a car is not considered as an extraordinary task today. Out of all the odds, still there are countries wherein giving a thought to buy a car even is an expensive notion. Following, we would like to present you with a list we have compiled of the 10 most expensive places in the world to buy a car.

Getting a news or figures about low car prices, cheap gas and a great road network in the mentioned places is out of the blue. Some countries have particularly high taxes in place on cars while some other makeup through registration charges in order to control traffic and discourage general increase of cars causing congestions on roads. Taxes for ordinary cars also sometimes match up to the taxes levied on luxury cars in other countries. And then the higher petrol and gas prices also add to the overall cost tag that a car owner ends up with at the end of the year.

For now, let’s take a look at which the most expensive places to buy and own a car are (with data provided for Toyota Prius in the places), where expenses can be a tough deal for car enthusiasts and speed junkies!

10. Cuba

Price of Toyota Prius: Hahaha

Even though Cuba’s market had been “liberalized” in 2011, little progress has been made in the automotive market. The state still holds a monopoly on new car sales and sets prices at insanely high levels. While the overall low incomes, the situation doesn't make any better in Cuba.

9. North Korea

Price of Toyota Prius: Don't even try!

Cars in North Korea are scarce and buying a luxury is a dream to common-man, only political figures can turn this into a reality. But even then imports of spare parts might be restricted by sanctions.

8. St. Kitts and Nevis

Price of Toyota Prius: Not for sale at the moment, but a 2012 Prius costs RM732,036.47. OMG!!!

The two-island country in the West Indies imposes high taxes on import of cars and hence the prices can end up at a scary figure. However, buying a second-hand car is relatively more feasible at the place.

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7. United Kingdom

Price of Toyota Prius: RM145,672

Car prices in the UK are over 50% higher than elsewhere in Europe. The extra-cost is somewhat attributable to the British Specification and sky-touching insurance. Although, buying a second-hand car is cheap in UK. Reason for the cheap price of the cars is credited to the right-hand drive due to which used cars can't be sold anywhere else in Europe.

6. Brazil

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Price of Toyota Prius: RM148,749

Brazil’s ridiculously high car prices are owing to taxes, overpriced and overtaxed gas, bureaucracy and scarce availability of raw materials. Also, the labor cost is high in the area which further increases the car prices.

5. China

Price of Toyota Prius: RM173, 990

The Chinese car market is a relatively new one but has been doing exceptionally well. Even then car prices are especially high in the country making it one of the most expensive countries to buy and own a car in.

4. Nicaragua

Price of Toyota Prius: Its sold here, price is a secret, must be sky high

Owning a car is certainly risky business in Nicaragua. Even second-hand cars can cost you a fortune. But it is the roads and safety issues that also pose a major difficulty for car owners who are generally targeted by vandals.

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3. Indonesia

Price of Toyota Prius: RM187,290

Cars are considered a luxury item, so there is a substantial tax added onto the manufacturers price. This greatly inflates the price of cars in Indonesia. Moreover, importing a car from abroad in Indonesia costs more because the Indonesian customs officers charges up to 300% duty on the car's value.

2. Malaysia

Price of Toyota Prius: RM191,000 (on-road)

High maintenance costs, high duties and taxes contribute to the high cost of owning a car in Malaysia. But it is also the initial investment that people in Malaysia end up making on cars that are absurd. The high prices of international brands are in lieu of boosting local players.

1. Singapore

Price of Toyota Prius: RM359,365 + including taxes + all your fortune

Singapore is already home to some of the world's most expensive properties and considered as one of the most costly places to live in. Now, the island state of Singapore is also one of the priciest places to own a car. Recent cooling measures for the car market that include increasing the minimum down payment for a car to 40 percent, plus capping loans at five years from the previous 10 years together with a hike in ownership taxes have priced many households out of the car market.