COE Bidding Exercise - Dip In First Round Of November COEs Will Ring In More Affordable Prices, Especially For Category A Car Buyers

Posted by clifford chow
4 Nov 2020

COE bidding has closed with lower premiums for both Category A and B cars, during November’s first bidding exercise. Part of this is attributed to an increase in the number of certificates released for the months of November to January next year. We would believe that prices will still eventually be on the uptrend over the next few months.

For those who are keen to do a COE renewal, click here to apply, and enjoy an affordable repayment scheme for your COE loan.

Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 967 @ $35,990, down from $37,334,

Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 1,013 @ $39,000, down from $40,990, 

Commercial Vehicle Category C,
Quota of 370 @ $31,502, down from $33,778,

Motorcycle Category D,
Quota of 533 @ $7,251, down from $7,300,

Open Category E (All but motorcycles),
Quota of 464 @ $39,500, down from $39,889,

Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank. Do ensure that you have bank accounts with these participating banks.

The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid while that for Category D is $200 per bid.


Looking to renew your COE to extend the ownership of your car?
Get the best loan arrangement for your needs today. Quick response time with friendly and knowledgeable customer support.

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Pleasantly surprised how smooth the process took. Alex is a joy to work with. I got my COE loan renewed within a week.
Tan Eu Gin
The Oneshift team is knowledgeable and was able to advise on the renewal procedure in a simple way that I can understand! Thumbs up
Evelyn Lim
Thanks for Charlie for advising me on the monthly loan breakdown amount and repayment periods. The low interest rate helps! Will recommend to friends.
James Lee
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