May 14May 2014

2nd Bidding

Renew COE
Renew COE
COE Prices 21/05/2014
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

$65,689

$68,103

$40,889

$4,003

$67,290

$5,687

$1,899

$4,588

$2

$1,789

PQP

$75,517 (May)
$71,672 (Jun)

$79,505 (May)
$76,872 (Jun)

$49,428 (May)
$44,978 (Jun)

$3,973 (May)
$4,215 (Jun)

-

Quota

509

484

392

358

294

Bids Received

997

716

709

492

497

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

Quota Premium

$65,689

PQP

$75,517 (May) / $71,672 (Jun)

$5,687

Quota

509

Bids Received

997

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

Quota Premium

$68,103

PQP

$79,505 (May) / $76,872 (Jun)

$1,899

Quota

484

Bids Received

716

CAT C (GOODS VEHICLE & BUS)

Quota Premium

$40,889

PQP

$49,428 (May) / $44,978 (Jun)

$4,588

Quota

392

Bids Received

709

CAT D (MOTORCYCLE)

Quota Premium

$4,003

PQP

$3,973 (May) / $4,215 (Jun)

$2

Quota

358

Bids Received

492

CAT E (OPEN-ALL EXCEPT MOTORCYCLE)

Quota Premium

$67,290

PQP

-

$1,789

Quota

294

Bids Received

497

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177 Comments

Iblis Setan
1. A sure win mechanism will it be abolish unless to plug loophole. 2. All car dealers will try all gimmicks to meet their sales barometer. 3. End users not all can rely public transport even point A to B vice-versa PHV or taxi already a toll on your daily income unless MRT and bus yet sacrifices your time. 4. End of day cannot have all goodness need to sacrifice, you want A give up B or B give up A.
Reply

4 months ago

Mohamed Faruk
Because of phv car price high stop phv
Reply

5 months 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

5 months 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

6 months 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

6 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.