| 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 | $65,001 |
$76,889 |
$55,012 |
$4,889 |
$76,790 |
$1,009 |
$1,600 |
$1 |
$486 |
$1,590 |
|
| PQP | $65,607 (Jan) |
$72,726 (Jan) |
$59,866 (Jan) |
$4,369 (Jan) |
- |
| Quota | 705 |
576 |
140 |
366 |
264 |
| Bids Received | 1,068 |
915 |
247 |
509 |
431 |
CAT A (CARS ≤ 1600cc & 130bhp, or 110kW)
Quota Premium
$65,001
PQP
$65,607 (Jan) / $66,130 (Feb)
$1,009
Quota
705
Bids Received
1,068
CAT B (CARS > 1,600cc or 130bhp, or 110kW)
Quota Premium
$76,889
PQP
$72,726 (Jan) / $74,058 (Feb)
$1,600
Quota
576
Bids Received
915
CAT C (GOODS VEHICLE & BUS)
Quota Premium
$55,012
PQP
$59,866 (Jan) / $58,471 (Feb)
$1
Quota
140
Bids Received
247
CAT D (MOTORCYCLE)
Quota Premium
$4,889
PQP
$4,369 (Jan) / $4,383 (Feb)
$486
Quota
366
Bids Received
509
CAT E (OPEN-ALL EXCEPT MOTORCYCLE)
Quota Premium
$76,790
PQP
-
$1,590
Quota
264
Bids Received
431
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177 Comments
Glossary
| Quota Premium | Price of the successful COE bid. |
|---|---|
| Change | Difference between current price of COE and the previous price. |
| Quota | Number of COE issued. |
| Bids Received | Number 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. |
4 months ago
5 months ago
5 months ago
6 months ago
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.
6 months ago