Car News

The Land Transport Authority announced that they will be issuing fewer Certificates of Entitlement (COEs) from November 2016 to January 2017. The total quota for next 3 months is 24,234.

Slightly fewer COEs to be issued in the coming months will mean the COEs prices will rise by few percentage. If you are looking to own a car but have a tight budget, we suggest to buy a used car for now. Pricing for used cars will remain fairly stable despite fewer new COEs to be issued.

Check out www.usedcarloan.com.sg and find out how we can help you save money on your used car loan.

October 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $51,507 $1,507 $52,108 2,064 2,938
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $53,001 $2,500 $56,751 1,350 1,785
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $48,702 $1,188 $48,963 176 232
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $54,200 $1,001 – 436 642

September 2016, 2nd Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $50,000 $1,506 $52,108 2,008 2,610
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $55,501 $1,501 $56,751 1,338 2,017
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,890 $89 $48,963 177 237
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $55,201 $1,688 – 429 592

Certificates of entitlement (COE) dipped in the recent second tender in September. CAT A (1,600CC & below) dipped by 2.9% to end at four-month low of $50,000, and CAT B (1,600CC & above) dipped to end at four-month low of $55,501. The largest percentage of fall is CAT E (open) at 3% to end at three-month low of $55,201.

One of the reasons might be due to private-hire such as Uber scaling back their operations and also the recent announcement by the government to look into “loophole” where car owners are registering themselves as private-hire for a loan with lesser restrictions.

Singapore economy seems to be getting weaker but we are very sure that there are still many buyers out there eyeing for bargains.

September 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $51,506 $1,828 $53,339 2,067 2,739
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,002 $502 $56,835 1,372 2,183
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,801 $1,800 $48,087 175 260
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,889 $67 – 458 723

August 2016, 2nd Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $53,334 $831 $53,339 2,034 2,803
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,500 $56,835 $56,835 2,088 CAT B
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $48,001 $301 $48,087 180 236
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,956 $1,245 – 450 618

August 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $52,503 $497 $51,518 2,018 2,712
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,903 $395 $54,463 1,336 2,156
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $48,302 $1,588 $46,254 177 245
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $58,201 $700 – 429 610

July 2016, 2nd Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $53,000 $699 $51,518 2,272 3,195
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,508 $1,419 $54,463 1,463 2,439
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,890 $2,001 $46,254 230 344
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,501 $1,499 – 521 821

July 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $52,301 $2,899 $49,519 2,222 3,194
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,089 $921 $51,630 1,469 2,547
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $47,889 $113 $44,493 237 310
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,002 $1,388 – 517 750

June 2016, 2nd Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $55,200 $1,506 $49,519 2,252 3,957
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,010 $1,010 $51,630 1,463 2,914
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $48,002 $1,568 $44,493 228 342
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $57,390 $2,290 – 538 1,009

June 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $53,694 $6,674 $46,454 2,218 4,545
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $56,000 $6,844 $48,479 1,470 3,436
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $46,434 $3,432 $44,652 228 347
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $55,100 $5,400 – 536 860

May 2016, 2nd Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $47,020 $869 $46,454 2,217 3,227
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,156 $1,854 $48,479 1,537 2,322
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $43,002 $700 $44,652 229 355
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,700 $700 – 534 815

May 2016, 1st Tender

CAT A   Cars up to 1600cc & 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $47,889 $589 $45,578 2,218 3,446
CAT B   Cars above 1600cc or 130bhp Quota Premium Change Prevailing Quota Premium Quota Bids Received $51,010 $1,408 $46,048 1,462 2,435
CAT C   Goods Vehicle & Bus Quota Premium Change Prevailing Quota Premium Quota Bids Received $42,302 $700 $45,441 232 324
CAT E   Open Quota Premium Change Prevailing Quota Premium Quota Bids Received $49,000 $501 – 750 1,380