Certificate of Entitlement (COE)

The calculation of vehicle quota takes into account of the following conditions:

·         Actual number of vehicles taken off the roads (i.e. number of vehicles deregistered)

·         Allowable growth in vehicle population

·         Adjustments to account for changes in taxi population, expired COEs, and replacements under the Early Turnover Scheme for commercial vehicles.

·         Bidders outbid each other to obtain a COE during the bidding exercise by keying in the reserve price through the various channels listed below. The reserve price is the maximum bid amount that a bidder is prepared to pay for the COE.

·         The COE Open Bidding System will automatically revise the bid upwards, at an increment of $1, until the reserve price is reached.

·         The Current COE Price (CCP) is the price of the highest unsuccessful bid plus $1. The number of successful bidders is limited by the COEs available for each particular COE category.

·         The bid is in the running as long as the reserve price is equal to or higher than the CCP.

·         If the CCP rises above the bidder’s reserve price, the bidder is then out of the running for a COE unless he revises his reserve price upwards.

·         The CCP will stop rising when the number of bidders who are prepared to pay more than or at the CCP equals the quota at the close of the exercise.

·         At the close of the exercise, bidders whose bids are above or equal to the CCP will get a COE.

·         The latest CCPs at the close of bidding are the Quota Premiums for the bidding exercise. All successful bidders in the vehicle category will pay the same Quota Premium for that category.

Example:

·         2^nd COE open bidding exercise in the month (N)

·         COE quota for Category A = 3

·         Number of bidders = 5, with reserve prices of $100, $88, $70, $70 and $41

·       At the end of the bidding exercise, the bid status of each of the 5 bids will be as follows:

Check that there are sufficient funds in your bank account for the bid deposit and administration fee charged by the bank (this usually ranges from $2 to $10 depending on the respective banks). The bid deposit for each vehicle category is as follows:

Your ID used to bid for a COE can be in the following format:  

It is important to submit your bid with the correct ID. If your bid is successful, the vehicle can only be registered under this ID.  

Enter your reserve price, i.e. the maximum amount you are willing to pay for your COE. The minimum reserve price is $1. When the Current COE price exceeds your reserve price, you must revise your bid or you will be out of the running for a COE.

Once you have submitted your bid successfully, your bank automatically deducts the bid deposit and administration fee from your bank account.

You will receive a 6-digit Acknowledgement Code every time you successfully submit or revise your bid. You can use this code to enquire about your bid or revise it.
 

You can use DBS or POSB ATMs only if you are bidding for the COE in your capacity as an individual. Your bid will be tied to the ID of the ATM card you are using. If your bid is successful, the vehicle can only be registered under this ID. Please check that you are using the correct ATM card.

Follow the steps below or refer to this guide on how to submit a bid (PDF, 1.3MB) through ATMs.

Step 1: Insert your ATM card and enter your PIN. Select "Electronic COE Bidding".

Step 2: Select the account from where the bid deposit and the administration fee will be deducted.

Step 3: To proceed, you have to agree to all terms and conditions of the COE application, and agree to give your name, NRIC number and bid details to LTA. Press 'Submission' to continue. Otherwise, press 'Cancel' to end your transaction.

Step 4: Select the vehicle category that you wish to bid for.

Step 5: You will then see details of the bidding process. Key in your reserve price and press enter.

Step 6: After checking that the details of the bid category, the reserve price and the bid deposit are correct, confirm your reserve price.

Step 7: If your bid is accepted, the ATM will print your receipt. You can end the service now or make another transaction. If your bid is rejected, the ATM will display the reason and also print a receipt.

If the ATM is unable to process your bid successfully, you will see a message on the ATM screen. Try again later or use another channel to submit your bid.

Contact the banks directly to check on how you can submit a COE bid through their Internet banking platform.

Login to the LTA Open Bidding Website and follow these steps:

Step 1: Select ‘Individual’ or ‘Company’ for the Bidder Type and key in your bank account ID. For ‘Company’ bidders, key in your latest ‘Acknowledgement Code’. Then key in the characters shown in the Character Verification Image (CVI). Click ‘Proceed’ to continue.

Step 2: Click ‘I Agree’ to agree with the Terms and Conditions.

Step 3: The screen will display the current COE information and status of your bid. Under ‘Current Bid Status’, you will see either 'Out-bid' or 'Accepted'. 'Out-bid' means that your existing bid is no longer in the running for a COE as the Current COE Price is higher than your reserve price. 'Accepted' means that your bid is still in the running for the COE.

For more clarification, refer to the full guide (PDF, 152kB).

Please contact the banks directly to check the status of your bid made through their Internet banking platform.

Step 1: Insert your ATM card and enter your PIN. Select "Electronic COE Bidding".

Step 2: Select the account from where your funds will be deducted to bid for your COE.

Step 3: To proceed, you will have to agree to all Terms and Conditions of the application, and agree to give your name, NRIC number and bid details to LTA. Press 'Revision’ to continue. Otherwise, press 'Cancel' to end the transaction.

Step 4: Key in your acknowledgement code if you made your submission through another bank earlier.

Step 5: You will then see details of the bidding process. Key in your revised reserve price.

Step 6: If your bid revision is accepted, the ATM will print your receipt. You can end the service now or make another transaction. If your bid revision is rejected, the ATM will display the reason and also print a receipt.

If the ATM is unable to process your revised bid successfully, you will see a message on the ATM screen. Try again later or use another channel to revise your bid.

Contact the banks directly to check on how you can revise your bid through their Internet banking platform. 

Login to the LTA Open Bidding Website and follow these steps

Step 1:  Select ‘Individual’ or ‘Company’ for the Bidder Type. Key in your bidder ID. For ‘Company’ bidders, key in your latest ‘Acknowledgement Code’. Key in the characters as shown in the Character Verification Image (CVI).

Click ‘Proceed’ to continue.

Step 2: Click ‘I Agree’ to agree with the Terms and Conditions.

Step 3: The screen will display the current COE information and status of your bid. Under ‘Current Bid Status’, you will see either 'Out-bid' or 'Accepted'.

'Out-bid' means that your existing bid is no longer in the running for a COE as the Current COE Price is higher than your reserve price. 'Accepted' means that your bid is still in the running for the COE.

Click ‘Revise’ to revise your reserve price.

Step 4: Key in your latest ‘Acknowledgement Code’. Click ‘Submit’ to proceed.

Step 5: Key in your new reserve price. Click ‘Submit’ to proceed.

Step 6: Check your bid details. Click ‘Confirm’ to proceed.

Step 7: If your revised bid is accepted, you will receive a new Acknowledgement Code. You will need to enter this code if you decide to revise your reserve price again.

There is a $2 administration fee payable for each revision of the reserve price. This administration fee will be collected when you register your vehicle, or transfer the Temporary COE.  For unsuccessful bids, the administration fee will be deducted from the bid deposit before refunding to you.

TCOEs for Categories C and E can be transferred once if they were bid for under an individual. To transfer your TCOE, you will need to login using your Singpass 2FA to start a TCOE transfer to the next owner. The next owner will then need to login using Singpass 2FA to accept the TCOE transfer. You cannot transfer the TCOE if it was bid for under a company, business or organisation. 

Transfer TCOE

Confirm/Reject TCOE Transfer

If the transfer of a transferable TCOE (i.e. Categories C and E bid for under an individual) is coupled with a Vehicle Registration application that is created by the motor dealer, you will need to login using your Singpass 2FA to authorise the TCOE transfer to the next owner.

Authorise/Reject Transfer of TCOE submitted by ESA