A guide on successfully bidding for a COE in Singapore

One of the most complicated thing that you will have to do when in Singapore is owning a vehicle. Due to the results and the regulations that are set in the country, a person who wants to buy and register a car will have to go through a few extra steps to make it possible. The few extra steps that you have to take is to get a COE. Without a COE, you will not be able to register your car in Singapore.

Keep in mind that the COE is only valid for 10 years. After the 10 years, you will have to extend the COE to either 5 year or 10 years. Yes, this can all be very challenging. The first challenge that you have to get through, however, is the bidding of the COE. If you have already done your bidding and if you want to know if you have gained success or not, you should look into coe bidding results.

Look into the category of your vehicle

Depending on the category that you vehicle belongs to, the price that you have to pay will differ. Therefore, the first step that you have to take in bidding of the COE is to get an idea of the category that your vehicle belongs to. There are five categories named A, B, C, D and E. Depending on the category that you vehicle falls under, you will have to pay the bidding cost.

There should be money in the bank

The next important step that you have to take is to guarantee that there is money in the bank. The total amount hat you have to for the bidding of the COE is the administration fee which will be around $10 and the bidding fee. You will be able to find how much you have to pay for the bidding free when you look into category that you vehicle belongs to. To make the procedure easier, make sure that you have this amount in your bank.

Pay close attention to the COE ID number

If you get the COE ID number wrong when you are bidding, you will be wasting a lot of money. Therefore, whenever you have to enter the COE ID number when you are registering, you should look into if you are entering it right. Even the slightest issue that that you make in entering the ID number, you will not be able to registrar your vehicle and you will have go through this procedure all over again.

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