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asked about COE Renewal

over 2 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?

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1 Answer

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John

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

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over 2 years ago