COE quota premium paid for that round of bidding exercise.
What is OMV?
OMV is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. This price includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.
What is Depreciation?
The average annual depreciation of the car is calculated as follows: (Car Price with COE - Scrap value of car) / 1.