The bid deposit is fixed at $200 for motorcycles and $10,000 (or $5,000 for bid applications during the COE bidding exercises conducted from October 2009 to September 2010) for all other vehicles, regardless of the reserve price. Hence, there is no need to top up your bid deposit whenever you revise your reserve price. For your convenience, the bid deposit will be deducted from your bank account when you submit your bid. In the event that there is insufficient funds in your account, your bid will be rejected.

Source:LTA