What is COE Bidding all about?
COE stands for Certificate of Entitlement that every new vehicle owner acquires. In Singapore, this particular certificate acts as a valid proof of the right to ownership of your vehicle up to a period of ten years. After this period, owners have two choices- either they can renew their certification or can simply deregister their vehicle from the state. However, to help you ascertain whether or not to renew or deregister your vehicle, one must stay up to date with the COE Bidding Results.
How does COE Bidding work?
Once a person is clear with what COE bidding is all about and what future prospects does it hold, he or she can now participate in the bidding process. An accessible system, in the COE Open Bidding System owners of vehicles, can fill up and application and submit their bid for the COE. This takes place every first and third Monday of a month, starting from 12 pm to 4 pm ending on Wednesday that follows. Through this open system, vehicle owners are able to audit the COE Bidding Results at real-time. One can simply read about the Land Transport Authority’s regulations and overview of the COE bidding as well as know the latest COE prices on the website itself.
Following this, there are loan providing companies that help bid for you in case you have a busy schedule.
So don’t keep sitting, go out there and outbid the other bidders!