May 04May 2004

1st Bidding

Renew COE
Renew COE
COE Prices 01/05/2004
COE Category

CAT A

Car ≤ 1600cc & 130bhp, or 110kW

CAT B

Car > 1600cc & 130bhp, or 110kW

CAT C

Goods vehicle & bus

CAT D

Motorcycle

CAT E

Open - all except motorcycle

Quota Premium

$27,507

$26,700

$13,089

$803

$28,000

$57

$1,322

$2,113

$50

$108

PQP

$25,445 (May)

$25,382 (May)

$9,182 (May)

$454 (May)

-

Quota

1,943

934

653

507

1,037

Bids Received

2,565

1,192

853

912

1,372

CAT A (CARS ≤ 1600cc & 130bhp, or 110kW)

Quota Premium

$27,507

PQP

$25,445 (May)

$57

Quota

1,943

Bids Received

2,565

CAT B (CARS > 1,600cc or 130bhp, or 110kW)

Quota Premium

$26,700

PQP

$25,382 (May)

$1,322

Quota

934

Bids Received

1,192

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$13,089

PQP

$9,182 (May)

$2,113

Quota

653

Bids Received

853

CAT D (MOTORCYCLE)

Quota Premium

$803

PQP

$454 (May)

$50

Quota

507

Bids Received

912

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$28,000

PQP

-

$108

Quota

1,037

Bids Received

1,372

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174 Comments

Francis

‪ The demand for cat A COE will remains due to car dealers clever marketing tactics. For example, BYD Atto 3 comes in 3 COE packages.

Saver at $154k non guarantee COE maximum 8 bids.

Base at $164k maximum 6 bids

Excite at $174k guarantee COE.

The catch is you must place a huge deposit of $16,350 to bid for COE refundable if the bids expire. This is more than DBS credit card allows at $10k. Imagine your money get stuck there for months!

Then some dealers like BYD and Tesla charge more for colour other than white which is FOC

So you can see from the OneMotoring website there are usually bids exceed quota because of the COE number of bid variants.

Now, as it move closer to the expiry of maximum bid, dealers will put pressure on you to top up for a guarantee COE! Do you have a choice if you need a car urgently?

Also, when you trade in your car to the dealer at a non guarantee COE, the price quoted valid at the time of the first bidding. For subsequent bidding, price will adjust if COE go down or up . This is like tikam tikam roulette.

My advice is go for non marketing gimmick dealers that quote you a fixed and higher price inclusive of COE for a piece of mind. Likely, these dealers will bid for you successfully like Kah motors, Komoco, Borneo motors, Cycles and carriage among others.

Don’t be fooled by guarantee and non guarantee maximum number of bids clause.

Reply

1 day ago

Kamal
Keep on dreaming bro.
Reply

17 days ago

Lelasham
Instead of trying to revamp the IU unit why not change the COE systems that does not make sense. Rental companies will just keep pushing higher COEs because in the end its the drivers who are paying for it. This practice have to stop.
Reply

17 days ago

Schua
All that Singaporeans need to do is to refrain from booking a new car (concertedly) for 3 months straight. Once car dealers' order books dry up, they have no reason to keep bidding higher and higher! I don't believe there are enough foreigners buying cars that can take up the 1,600 or so Cat A/B/E certs every fortnight if locals stop buying. In fact, I know of many expats who refuse to buy a car here, even with their high income & car allowance. Why are we being so silly? So keep that hard earned money, fella citizens!
Reply

3 months ago

Sho Yee Heng
We pay ABSD if you want 2nd house or more. Shall we also make those who want to own 2 or more cars to pay more additional taxes. Also, shall we also limit the number of times or MOP for each person to own a car😂😂😂
Reply

5 months ago

Glossary

Quota PremiumPrice of the successful COE bid.
ChangeDifference between current price of COE and the previous price.
QuotaNumber of COE issued.
Bids ReceivedNumber of bidders participating in this COE bidding round.
Prevailing Quota Premium (PQP)Amount to be paid for COE renewal. Computed from 3-month moving average of COE prices.