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Eugene Foo asked about COE Renewal
over 6 years ago
I have made a successful bid for the COE. Can I cancel my temporary COE (TCOE) if I do not wish to register a new vehicle?
3,140 Views 1 Answer
How can we assist you?
1 Answer
A Temporary Certificate of Entitlement (TCOE) cannot be cancelled. The TCOE is the result of a successful bid which not only contributes to the setting of the COE Quota Premium but also deprives another person from obtaining a COE at the same exercise. Hence, prospective vehicle owner must be prepared to utilise the TCOE that is successfully bid under his/her name to register the vehicle before the TCOE expiry date. If the owner chooses not to utilise the TCOE for whatever reason, the bid deposit would be forfeited.
Source:LTA