When thinking about renewing your certificate of entitlement (COE) or acquiring a new vehicle, it is important to stay up-to-date with the latest news about COE Bidding Results. This could give you a clearer gauge on whether or not it would be financially optimal for you to renew your COE or purchase a new ride altogether.
Learn more about how you can interpret the COE Bidding Results by reading on.
What is COE?
Whether you own a vehicle in Singapore or not, it is important to understand what exactly COE entails. As the name suggests, a COE entitles you the right of car ownership in Singapore for a period of 10 years. Following the 10-year duration, vehicle owners can either opt to renew their COE for another 10 years or deregister their vehicle.
How does COE Bidding Work?
Through the COE Open Bidding System, vehicle owners can submit their bid for a COE during the COE Opening Bidding exercises on the first and third Monday of the month from 12pm, bids close at 4pm on the Wednesdays of the same week. The system also allows vehicle owners to monitor the COE Bidding Results at real-time.
During the COE Opening Bidding process, bidders can outbid each other.
Click here to read the Land Transport Authority’s comprehensive overview of the COE bidding system.
View the latest COE prices on our website by clicking here.
A COE Loan Solution Provider Here to Serve You
MoneyMax Leasing is your homegrown COE renewal loan provider. We understand the importance of acquiring a vehicle in Singapore. Furthermore, we also recognise how the COE Renewal process might take up your time from your busy schedule, hence this is where our team comes in.
If you need a helping hand to renew your COE, feel free to utilise our services, we look forward to serving you!