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

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

COE Trend – April 2018, 1st Tender

COE have been on a downward trend since the start of this year. Premiums for Cat A and C dropped from $38,000 to $37,000 and $35,001 to $34,001 respectively. While premiums for Cat B and E increase slightly from $37,010 to $37,605 and $38,000 to $38,039 respectively.

If you are looking to get a used car, now is the time to take advantage of the low COE prices. You will most likely be able to grab a good deal to get cars at relatively low depreciation value per year. Start shopping for used cars available in the market now.

After you have decided to purchase a car, it is now time to look for car loan package. Speed credit provide one of the most competitive car loan package with established banks and financial institutions in Singapore. We provide interest rates as low as 1.68% for used car loans. Apply online or call our hotline at 6444 4400 to enquire.

By |Car Loan Tips, Car News, COE|Comments Off on COE Trend – April 2018, 1st Tender

COE Results April 2018, 1st Tender

April 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,000
Down $1,000
$38,655 1,566 1,888
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,605
Up $595
$40,881 1,389 1,689
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$34,001
Down $1,000
$37,545 292 500
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,039
Up $39
612 967
By |Car News, COE|Comments Off on COE Results April 2018, 1st Tender

COE Results March 2018, 2nd Tender

March 2018, 2nd Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,000
Down $830
$38,655 1,559 2,117
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$37,010
Down $1,991
$40,881 1,402 1,639
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$35,001
Down $1,002
$37,545 247 378
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,000
Down $1,000
571 977
By |Car News, COE|Comments Off on COE Results March 2018, 2nd Tender

COE Results March 2018, 1st Tender

March 2018, 1st Tender

  CAT A   Cars up to 1600cc & 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$38,830
Up $2,020
$39,274 1,580 2,405
 
  CAT B   Cars above 1600cc or 130bhp
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$39,001
Up $1
$44,998 1,390 1,731
 
  CAT C   Goods Vehicle & Bus
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$36,003
Down $856
$40,230 247 446
 
  CAT E   Open
Quota Premium Change Prevailing Quota Premium Quota Bids Received
$39,000
Up $199
571 967
By |Car News, COE|Comments Off on COE Results March 2018, 1st Tender