Car News

COE Results September 2018, 1st Tender

September 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,209
Down $1,788
$32,339 1,664 2,488
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,001
Down $428
$33,377 1,274 1,959
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$27,001
Down $2,901
$30,696 386 612
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,801
Down $510
540 1,006
By |Car News, COE|Comments Off on COE Results September 2018, 1st Tender

COE Results August 2018, 2nd Tender

August 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,997
Down $1,801
$32,339 1,695 2,948
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,429
Down $1,952
$33,377 1,272 2,031
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,902
Down $487
$30,696 409 635
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,311
Down $1,109
527 927
By |Car News, COE|Comments Off on COE Results August 2018, 2nd Tender

COE Results August 2018, 1st Tender

August 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,798
Up $1,099
$34,197 1,672 3,633
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,381
Up $1,830
$34,991 1,265 2,132
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,389
Down $500
$31,163 379 549
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,420
Up $611
536 896
By |Car News, COE|Comments Off on COE Results August 2018, 1st Tender

COE Results July 2018, 2nd Tender

July 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,699
Up $7,699
$34,169 1,443 3,100
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,551
Up $1,551
$34,990 1,285 1,919
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$30,889
Down $203
$31,162 320 538
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,809
Up $1,808
558 1,082
By |Car News, COE|Comments Off on COE Results July 2018, 2nd Tender

COE premiums dropped after the full implementation of VES

Certificate of entitlement (COE) premiums have been on a falling trend since Uber exited Singapore’s market. With the absence of private-hire players bidding aggressively for COEs, premiums now reflect more accurately the real demand from car buyers.

COE prices continued to fall in the first round of bidding since VES has been implemented, with premiums ending at their lowest in as long as 8 years in the latest bidding result (4th July 2018). Category A (cars up to 1.600cc and 130bhp) premium fell the most by 24.5% to $25,000. While Category B (cars above 1,600cc or 130 bhp) dropped by 7.8% to $31,000. Premiums for Category E (any vehicle except motorcycles) dipped by 9.9% to $31,001. All the 3 premiums ended at their lowest since March 2010.

The fall might be the result of the new VES ruling which went into full effect on 1st July 2018. The new emission rule measures the level of tailpipe pollutants new car produces. It factors in particulate matter on top of carbon dioxide, carbon monoxide, hydrocarbons and nitrogen oxides. The amount of rebate/surcharge given is determined by the worst performing pollutant. Many petrol cars are now subjected to additional surcharge. This result in many people holding back on new car purchase, resulting in lesser competition in COE bidding, hence a fall in COE premium.

Take advantage of the low COE premiums (especially for CAT A cars) and get your dream car today. Speed credit provide one of the most competitive car loan packages with established banks and financial institutions in Singapore. We provide interest rates as low as 1.68% for used car loans and 2.48% for new car loans. We also provide insurance quote for new/used car.

Drop us an enquiry here or get a non-obligatory insurance quote here.

Alternatively, call our hotline at 6444 4400 to enquire.

By |Car Loan Tips, Car News, COE|Comments Off on COE premiums dropped after the full implementation of VES

COE Results July 2018, 1st Tender

July 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$25,000
Down $9,110
$ 1,435 1,626
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,000
Down $2,900
$ 1,288 1,637
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,092
Down $909
$ 313 535
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$31,001
Down $3,399
591 975
By |Car News, COE|Comments Off on COE Results July 2018, 1st Tender

COE Results June 2018, 2nd Tender

June 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,110
Down $2,316
$37,165 1,446 1,818
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,900
Down $2,100
$36,888 1,316 1,729
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$32,001
Up $2,099
$32,200 308 548
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,400
Down $2,600
581 868
By |Car News, COE|Comments Off on COE Results June 2018, 2nd Tender

COE Results June 2018, 1st Tender

June 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$36,426
Down $1,575
$38,214 1,441 1,696
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$36,000
Down $1,989
$37,906 1,293 1,727
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,902
Up $1
$33,717 425 685
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,000
Down $1,700
559 927
By |Car News, COE|Comments Off on COE Results June 2018, 1st Tender

Uber’s Unhired Car Models for Sale

Uber’s car rental firm (Lion City Rentals) is selling their un-hired fleet of cars after the American ride-hailing app service ceased operation in South-East Asia. Most of the cars are very new with mileage of less than 50km. Many cars bought by Lion City in late 2017 are being sold at a loss of between $10,000 to $20,000 each. If you are looking for a used car, Lion City’s loss might be your gain! We have summarized in the following a few popular ex-Uber car models you can expect to find as a bargain.

 

Honda Vezel

The Honda Vezel is well-loved by families due to its spacious interior and large boot capacity. It is a practical SUV with good fuel consumption. There are 2 variant, the petrol model and the hybrid model. The hybrid model might cost a bit more but if you will be driving a lot, you will definitely benefit from the savings in the long run especially when petrol prices are constantly increasing in Singapore.

 

Mazda 3 Sedan

LCR expanded its fleet aggressively with Mazda 3 which is believe to largely contribute to it being the best-selling midsize sedan in Singapore. This Japanese-built sedan is not the best in terms of cabin space and legroom space, but it is a reliable go-to car recommended for younger families or couples. The Mazda 3 is powered by a 1.5 litre engine producing 118bhp with fuel consumption of 17.5km/l.

 

Toyota Corolla Axio

The Toyota Axio is a Japanese-built variant of the Corolla sold by Parallel Importers in Singapore. The Axio is a comfortable family ride that is definitely value for money. It is powered by 1.5 litre engine that deliver excellent fuel consumption on paper at 20km/l.

 

Toyota Corolla Altis

The Toyota Altis is a Thai-built Corolla sold by Toyota Authorised Dealer – Borneo Motors. The car is of a higher spec as compared to the parallel imported model – Corolla Axio. Other than spare tyre and alloy sport rims, the car also comes with front and rear disc brakes which is not found on the Axio. The Altis also has a slightly larger capacity than the Axio. It’s 1.6 litre engine produces 21 more bhp making it more -powerful and responsive when fully loaded.

 

Toyota Vios

The entry-level sedan from Toyota. The Vios comes equipped with 1.5 litre 4-cyclinder in-line 16-valve DOHC with VVT-i producing 106bhp. A great choice for those looking for a standard point A to B car, yet not sacrificing passenger’s comfort.

 

Mitsubishi Attrage

The Mitsubishi Attrage is probably the cheapest you can find in the LCR’s fleet. The Thai-built car features a 1.2 litre 3-cyclinder 12-valve DOHC MIVEC engine. It is definitely not the best in terms of performance but it boosts an excellent fuel efficiency figure of 20.8km/l. If you are looking for a good bargain and great savings in the long run, the Attrage would be a good choice for you.

 

Conclusion

As those former Uber cars are still very new, most of them are under warranty especially for those “official” authorised dealer car models like Toyota Vios, Toyota Altis, Mitsubishi Attrage and Mazda 3. For Mitsubishi, the cars are all under 10 years engine warranty and 5 years other parts warranty with unlimited mileage. For Toyota and Mazda, they provide 3 years warranty or 100,000 km, whichever earlier. As for Parallel Imported models, warranties are subjected to individual PIs which the cars are bought from.

Although most of the cars are very new with only delivery mileage as reported, we still recommend buyers to be careful when purchasing the above-mentioned car models. If you need tips on how to differentiate if the car mileage is genuine, check out this article.

After you have decided on your favourite car model, it is now time to look for financing options. At Speed Credit, we not only help you with car loan application, processing and approval, we also provide full administrative support for transfer of car ownership and all monetary transaction. We work with various banks and financial partners to provide the highest loan amount with lowest interest rate starting from 1.68% for used car loan.

In addition, we also provide free car insurance quotation. Fill up our FREE online car insurance quotation form and we will reply with 3-5 of the best and cheapest car insurance quotes that is perfect for your driving needs.

Alternatively, call us at 6444 4400 to speak to our consultants to find out more.

All information is good at print time & best of our knowledge.
You are advised to double check on them.

By |Car Loan Tips, Car News|Comments Off on Uber’s Unhired Car Models for Sale

COE Results May 2018, 2nd Tender

May 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,001
Down $940
$38,214 1,434 1,805
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,989
Down $512
$37,906 1,283 1,915
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$29,901
Down $3,289
$33,717 385 786
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,700
Up $100
558 836
By |Car News, COE|Comments Off on COE Results May 2018, 2nd Tender

COE Results May 2018, 1st Tender

May 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,941
Up $431
$38,192 1,435 1,836
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,501
Up $1,171
$38,712 1,280 2,155
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$33,190
Down $1,012
$35,729 308 611
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,600
Up $211
565 1,008
By |Car News, COE|Comments Off on COE Results May 2018, 1st Tender

COE Results April 2018, 2nd Tender

April 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,510
Up $1,510
$38,192 1,566 2,027
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,330
Down $275
$38,712 1,417 1,919
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,202
Up $201
$35,729 260 461
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,389
Up $350
573 1,027
By |Car News, COE|Comments Off on COE Results April 2018, 2nd Tender