Latest COE Prices

COE in Singapore

Owning a car comes with owning a COE in Singapore. To register a vehicle, car buyers must first bid for a COE, which is done during the COE Open Bidding Exercise conducted twice a month. Once you have secured a COE for your car from the bidding exercise, you can register a vehicle and use it for a period of 10 years. Upon the expiry of your COE, you can choose to either deregister your vehicle or opt for a COE renewal by paying the Prevailing Quota Premium (PQP) for your vehicle category. Cars that have renewed their COE are referred to as COE cars.

You will be eligible for a COE rebate if you choose to deregister your vehicle before its COE expires. Deregistering a PARF car (a car that is below the age of 10) also gives you a PARF rebate.

COE Bidding

COE results are released after a three-day COE Open Bidding Exercise. Usually held twice a month, the COE bidding usually ends on the first and third Wednesday of the month at 4pm, and COE bidding results are released immediately. For more information on the next COE bidding, you may refer to COE bidding dates here.

There are two ways you can bid for a COE: let a dealer do it for you or you can do it yourself. Getting car dealers to bid for your will help to reduce the hassle, but you might lose out on some savings. This is because dealers only bid for your COE after you purchase your car. To avoid losses, dealers may quote higher prices for your car in the case where COE prices rise above their expectations. On the other hand, self-bidding may save you some costs, but the downsides are that you need to have $10,000 on-hand, and following closely on the three-day live bidding process can be rather tiring. If you’re keen on self-bidding, read our step-to-step guide to COE bidding here.

COE Results

The final amount you have to pay for your new vehicle is tied to the COE price. See the latest bidding results and COE trends here. For an in-depth explanation of the past COE prices in Singapore, read our analyses and discover future predictions from industry experts to help you bid strategically.