How a COE works, how the bidding exercise actually plays out, what it costs to renew, and how to check the COE expiry on a used car you're sizing up. No jargon, no upselling, just answers.
Open bidding runs twice a month. Bidders submit sealed bids; everyone who wins pays the same price, the lowest successful bid. Here's how that mechanic plays out in practice.
Most COE bids in Singapore are placed by dealers on the buyer's behalf. You can also bid directly through OneMotoring. Here's how each route works.
COE bidding exercises run twice a month, almost always in the first and third weeks. Each exercise opens on a Monday at noon and closes the following Wednesday afternoon.
When your COE reaches its ten-year expiry, you can either pay the Prevailing Quota Premium to renew it for another five or ten years, or de-register the vehicle. The choice has several knock-on effects.
There's no hard cap on the number of times you can renew a Singapore COE, provided you renew for ten years each time. A five-year renewal is final and can't be extended further.