Feb 10February 2010

2nd Bidding

Renew COE
Renew COE
COE Prices 24/02/2010
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

$20,340

$23,889

$23,501

$1,001

$24,229

$351

$709

$2,111

$149

$1,828

PQP

$18,266 (Feb)
$19,331 (Mar)

$19,146 (Feb)
$20,926 (Mar)

$18,212 (Feb)
$20,029 (Mar)

$867 (Feb)
$884 (Mar)

-

Quota

1,148

685

173

363

590

Bids Received

1,493

956

285

472

1,255

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

Quota Premium

$20,340

PQP

$18,266 (Feb) / $19,331 (Mar)

$351

Quota

1,148

Bids Received

1,493

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

Quota Premium

$23,889

PQP

$19,146 (Feb) / $20,926 (Mar)

$709

Quota

685

Bids Received

956

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$23,501

PQP

$18,212 (Feb) / $20,029 (Mar)

$2,111

Quota

173

Bids Received

285

CAT D (MOTORCYCLE)

Quota Premium

$1,001

PQP

$867 (Feb) / $884 (Mar)

$149

Quota

363

Bids Received

472

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$24,229

PQP

-

$1,828

Quota

590

Bids Received

1,255

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177 Comments

Mohamed Faruk
Because of phv car price high stop phv
Reply

18 days ago

Fendy Saadon
I used to own a car for more than 10 yrs. Threw in the towel in 2016. Don't be too fixated in owning a car. Even now price so high ppl still buy car. Imagine if everyone can afford a car, road will start to jam up. Come out carpark, jam start. Switch to bmw, taxi or car sharing.. govt will never lower its stance.
Reply

18 days ago

Jeffrey
stop using phv use taxi then those phv company will die then they will cut down phv and sell their cars then 2nd hand market will fall due to high supply then coe will fall due to cheap 2nd hand cars in the market then hahaha
Reply

about 1 month ago

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

about 2 months ago

Kamal
Keep on dreaming bro.
Reply

2 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.