Top 10 Most Expensive Countries to Buy and Own a Car 2020

Описание: TOP 10 MOST EXPENSIVE COUNTRIES TO BUY AND OWN A CAR IN THE WORLD

NUMBER 10 Cuba,
Cuba, officially the Republic of Cuba, is a country comprising the island of Cuba as well as Isla de la Juventud and several minor archipelagos. Cuba is located in the northern Caribbean where the Caribbean Sea, Gulf of Mexico and Atlantic Ocean meet.
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. A Peugeot 508 can end up costing $2, 62,000.

NUMBER 9 North Korea,
North Korea, officially the Democratic People's Republic of Korea, is a country in East Asia constituting the northern part of the Korean Peninsula, with Pyongyang as its capital and the largest city in the country.
Cars in North Korea are not only scarce but only a luxury that only the elite can have access to. If you have a good standing in the political party, you can own a Pweonghwa car.

NUMBER 8 St. Kitts and Nevis,
Saint Kitts and Nevis is a dual-island nation situated between the Atlantic Ocean and Caribbean Sea. It's known for cloud-shrouded mountains and beaches. Many of its former sugar plantations are now inns or atmospheric ruins. The larger of the 2 islands, Saint Kitts, is dominated by the dormant Mount Liamuiga volcano, home to a Crater Lake, green vervet monkeys and rainforest crisscrossed with hiking trails.

NUMBER 7 United Kingdom,
The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.

NUMBER 6 Brazil,
Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 211 million people, Brazil is the world's fifth-largest country by area and the sixth most populous.
Brazil’s ridiculously high car prices are owing to taxes, high labor costs and scarce availability of raw materials.

NUMBER 5 China,
China, officially the People's Republic of China, is a country in East Asia and is the world's most populous country, with a population of around 1.428 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third largest country by area.
The Chinese car market is a relatively new one but has been doing exceptionally well.

NUMBER 4 Nicaragua,
Nicaragua, set between the Pacific Ocean and the Caribbean Sea, is a Central American nation known for its dramatic terrain of lakes, volcanoes and beaches. Vast Lake Managua and the iconic stratovolcano Momotombo sit north of the capital Managua. To its south is Granada, noted for its Spanish colonial architecture and an archipelago of navigable islets rich in tropical bird life.

NUMBER 3 Indonesia,
Indonesia, officially the Republic of Indonesia, is a transcontinental country in Southeast Asia and Oceania, between the Indian and Pacific oceans.
Cars in Indonesia fall into the luxury category and are charged to a higher tax rate. Importing of cars can attract customs up to 300% on original value. Car prices are also exceptionally increased and a Scion FR-S can cost around $60,000.
NUMBER 2 Malaysia,
Malaysia is a Southeast Asian country occupying parts of the Malay Peninsula and the island of Borneo. It's known for its beaches, rainforests and mix of Malay, Chinese, Indian and European cultural influences. The capital, Kuala Lumpur, is home to colonial buildings, busy shopping districts such as Bukit Bintang and skyscrapers such as the iconic, 451m-tall Petronas Twin Towers.
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.
NUMBER 1 Singapore,
Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns.
A Prius in Singapore can cost you a whopping $154,000. Strict regulations by the government through 100% taxes and requirements of the certificate of entitlement make it extremely cumbersome to own a car in the country. Singapore is undeniably the most expensive country to buy and own a car.
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