Aug 12August 2012

2nd Bidding

Renew COE
Renew COE
COE Prices 23/08/2012
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

$66,889

$88,002

$59,334

$2,013

$93,990

$6,612

$6,500

$2,333

$68

$1,044

PQP

$61,115 (Aug)
$64,413 (Sep)

$86,410 (Aug)
$87,283 (Sep)

$56,008 (Aug)
$56,120 (Sep)

$1,859 (Aug)
$1,890 (Sep)

-

Quota

400

351

181

448

247

Bids Received

530

532

261

535

301

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

Quota Premium

$66,889

PQP

$61,115 (Aug) / $64,413 (Sep)

$6,612

Quota

400

Bids Received

530

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

Quota Premium

$88,002

PQP

$86,410 (Aug) / $87,283 (Sep)

$6,500

Quota

351

Bids Received

532

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$59,334

PQP

$56,008 (Aug) / $56,120 (Sep)

$2,333

Quota

181

Bids Received

261

CAT D (MOTORCYCLE)

Quota Premium

$2,013

PQP

$1,859 (Aug) / $1,890 (Sep)

$68

Quota

448

Bids Received

535

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$93,990

PQP

-

$1,044

Quota

247

Bids Received

301

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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

6 days ago

Kamal
Keep on dreaming bro.
Reply

22 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

22 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.