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What is a COE – Certificate of Entitlement?

If you’re relatively new to Singapore, you’ve probably heard of the acronym COE several times by now. No, it’s not a mispronunciation of CEO either. COE actually stands for ‘Certificate of Entitlement’, which represents a right to vehicle ownership and use of the limited road space for 10 years.

With its growing traffic and population, owning your own car is considered a privilege, but it comes at an extremely high cost. Current COE prices for cars are ranging from $67,000 – $76,000.

Anyone looking to register a new vehicle in Singapore must first obtain a COE in the appropriate vehicle category. At the end of the 10-year COE period, you can choose to de-register your vehicle or can have the COE renewed for another 5 or 10-year period, depending on the vehicle’s remaining lifespan.

For more information COEs and how to register for a new vehicle, please see www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle.html

 

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