COE Prices Adjust Downward Amid COVID-19 Outbreak
COE prices take a dip during March’s second exercise. Even with the spread of the COVID-19 virus, there is still considerable footfall at our local showrooms, with various brands taking a conscious effort to keep the virus at bay. 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 982 @ $31,210, down from $32,699,
Category B (cars above 1,600cc, or have more than 130bhp),
Quota of 992 @ $30,012, down from $32,801,
Commercial Vehicle Category C,
Quota of 448 @ $22,002, down from $24,202,
Motorcycle Category D,
Quota of 581 @ $4,489, up from $4,310,
Open Category E (All but motorcycles),
Quota of 31 @ $32,500, no change.
Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank, 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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