How can we assist you?

asked about COE Renewal

almost 3 years ago

How do I top up my COE bid deposit if I revise my reserve price upwards?

16 Views 1 Answer

How can we assist you?

1 Answer

0
Xin Yi

The bid deposit is fixed at $200 for motorcycles and $10,000 (or $5,000 for bid applications during the COE bidding exercises conducted from October 2009 to September 2010) for all other vehicles, regardless of the reserve price. Hence, there is no need to top up your bid deposit whenever you revise your reserve price. For your convenience, the bid deposit will be deducted from your bank account when you submit your bid. In the event that there is insufficient funds in your account, your bid will be rejected.

Source:LTA

Reply

almost 3 years ago