COE Premiums Dip Slightly. Cat B Drops By 2K
COEs remain largely stable, although a dip in Category B COEs are welcome relief for those who are planning to buy a car. Premiums however are expected to remain high for the rest of the year, due to the overall reduction in quotas. For those who are keen to do a COE renewal, click here for an affordable repayment scheme for your COE loan.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,056 @ $31,783, down from $31,917,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,046 @ $36,601, down from $38,602,
Commercial Vehicle Category C,
Quota of 302 @ $25,502, down from $26,502,
Motorcycle Category D,
Quota of 739 @ $4,089 down from $4,301,
Open Category E (All but motorcycles),
Quota of 359 @ $39,912 down from $40,002,
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.
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