Engine Power Criterion To Be Added in COE Category A Cars From Feb 2014

Engine Power Criterion To Be Added in COE Category A Cars From Feb 2014

From February next year, a cap on engine power will be imposed on cars under Category A of the Certificate of Entitlement (COE) system to “better ensure some element of social equity in car ownership”, the Land Transport Authority (LTA) announced yesterday.

Under the new categorisation, any cars that fall under Cat A with an engine capacity of not more than 1,600c must also have an engine power that is not exceeding 97 kilowatts — or the equivalent of 130 horsepower. This change will only be effective for cars registered from the February 2014 open bidding exercise to give time for car buyers and the industry enough time to adjust to the change.

The change will mean that nearly 50% of today’s mass market cars would be reclassified as premium models, or fall under the COE Category B (for cars with 1,600 cc and above)

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LTA Looking To Impose A Surchage For Second Car Onwards

For individuals in Singapore who wish to buy more than one car in Singapore may need to shell out more cash on top of their Certificate of Entitlement (COE). This is what Transport Minister Lui Tuck Yew said to the reporters during a visit of the Marina Coastal Expressway project site last Thursday. According to him, this move will distribute car ownership more evenly, given the limited COE supply.

Another areas that will be looked into improving the current COE policy is the better classifications of mass market vs high end models and reclassification of categories which will be factored by engine power.

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How To Request For an LTA Transaction Pin Online via One Motoring

If you have applied for a car loan in Singapore, your bank or local auto finance company would definitely ask you to provide them with your LTA Transaction Pin for the vehicle’s transfer of ownership.

You might be clueless on how you can do such request, which website to go, which information to provide, and so on. Don’t panic, as requesting for a transaction pin is very simple. We have provided below the instructions on how you can request for an LTA Transaction Pin online via One Motoring’s website.

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How to Request For an LTA Vehicle Log Card via One Motoring

One of the most important documents that you need to submit when you apply for a car loan in Singapore is the vehicle’s log card. Some car owners are not aware that they can request a vehicle log card online via One Motoring’s Website.

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