Certificate Of Entitlement (COE) - OneMotoring

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Certificate of Entitlement (COE)

A Certificate of Entitlement (COE) gives you the right to own and use a vehicle in Singapore.

At a glance

Understanding COE	To register a vehicle, you must first bid for a COE. You can bid for a COE during the open bidding exercises conducted twice a month. Before the start of each bidding exercise, LTA will announce the vehicle quota of COEs available for each category. When you secure a COE from the bidding exercise, you can register a vehicle and use it for 10 years. At the end of the 10-year COE period, you can choose to deregister your vehicle or renew the COE by paying the Prevailing Quota Premium (PQP) for your vehicle category. If you choose to deregister your vehicle before its COE expires, you may be eligible for rebates from the unused portion of your COE.
Bidding for COE	To bid for a COE, you will need to follow the bidding procedure. You can submit your bid using: DBS/POSB ATM machines; or Internet banking (DBS, UOB or Maybank) – for corporate account holders only After submitting your bid, you can check your bid status or revise your bid. You will know if your bid is successful when the bidding results are announced.
Related digital services	Enquire/Revise COE Bid Transfer TCOE Confirm/Reject TCOE Transfer Authorise/Reject Transfer of TCOE submitted by ESA

Understanding COE

All vehicles in Singapore require a COE. To register a vehicle, you must first place a bid for a Certificate of Entitlement (COE) in the corresponding vehicle category. A successful COE bid gives you the right to own a vehicle that can be used on the road for 10 years.

COEs are released through open bidding exercises conducted twice a month. You can submit your bid at ATM machines (for individuals) or via Internet banking (for corporate account holders). At the end of the 10-year COE period, you can choose to deregister your vehicle, or renew your COE by paying the Prevailing Quota Premium (PQP) for your vehicle category. The PQP is the moving average of COE prices in the last 3 months.

Open bidding exercises

There are 2 COE open bidding exercises in a month. The bidding exercises usually start at 12 pm on the first and third Monday of the month, and last for 3 working days. The exercises end in the same week, at 4 pm on Wednesday, if there is no public holiday in between.

Before the start of each bidding exercise, the bidding period and the number of COEs available for each category (the vehicle quota) will be announced.

See the results for past bidding exercises, and see the schedule of COE bidding exercises for 2026 (PDF, 150kB).

Vehicle Quota System (VQS)

The Vehicle Quota System (VQS) caps the number of new vehicles that can be registered in Singapore. This helps to control the vehicle population in Singapore given the limited road space. Together with Electronic Road Pricing (ERP), the VQS is one of the key pillars in our traffic management strategies.

The VQS classifies vehicles into 5 COE categories:

Category A	For COEs obtained before the May 2022 1st COE bidding exercise: Car with engine capacity up to 1,600cc and Maximum Power Output up to 97kW (130bhp) For COEs obtained from the May 2022 1st COE bidding exercise onwards: Non-fully electric cars with engines up to 1,600cc and Maximum Power Output up to 97kW (130bhp); and fully electric cars with Maximum Power Output up to 110kW (147bhp)
Category B	For COEs obtained before the May 2022 1st COE bidding exercise: Car with engine capacity above 1,600cc or Maximum Power Output above 97kW (130bhp) For COEs obtained from the May 2022 1st COE bidding exercise onwards: Non-fully electric cars with engines above 1,600cc or Maximum Power Output above 97kW (130bhp); and fully electric cars with Maximum Power Output above 110kW (147bhp)
Category C*	Goods vehicle and bus
Category D	Motorcycle
Category E*	Open – all except motorcycle

* You can only transfer COEs in Categories C and E once if you bid for them as an individual. If your bid is under a company, business or organisation, the COEs cannot be transferred. COEs in Categories A, B and D cannot be transferred. The vehicle quota is updated every 3 months. Click here to see the vehicle quotas for the latest COE bidding exercise.

Calculation of vehicle quota

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.

Click on the image below for more information.

Renewing your COE

At the end of your 10-year COE period, you can choose to deregister your vehicle or renew your COE. If you want to renew your COE, you do not need to bid for it. You will only need to pay the PQP, which is the moving average of COE prices in the last 3 months.

Learn more about COE renewal

Deregistering your vehicle

If you choose to deregister your vehicle at the end of your 10-year COE period, you may be granted a rebate from any unused COE. The amount of COE rebate depends on the period of COE that is unused. You may also be granted Preferential Additional Registration Fee (PARF) rebates, depending on how old your car is.

Learn more about COE and PARF rebates when you deregister and dispose of a vehicle

How to bid for a COE

To bid for a COE, you can submit a bid using the following access channels during an open bidding exercise:

• DBS / POSB – ATM (for individuals)
• DBS – Online (for companies and motor traders)
• UOB – Online (for companies and motor traders)
• Maybank – Online (for companies and motor traders)

You must have a bank account with any of the mentioned banks above. As the banks may impose a non-refundable administration fee for every bid submission, please ensure you have sufficient funds in your bank account for the payment of the bid deposit and administration fee.

If you are bidding for the COE in your capacity as an individual, you must be at least 18 years old. You can only submit one bid in each exercise using your own name, ID and bank account.

If you are bidding for a company or an organisation, you can submit more than one bid in each exercise.

Once your bid has been submitted and accepted by the bidding system, your bank will deduct the bid deposit together with an administration fee from your bank account and you cannot withdraw the bid.

Upon successful submission of a bid application, a system-generated Acknowledgement Code will be issued to you. Please keep this Acknowledgement Code confidential as it can be used to increase your reserve price.

If your bid is successful, a Temporary COE (TCOE) will be issued based on the Bidder’s ID. The TCOE can only be used to register a vehicle under this Bidder’s ID. Hence, it is important that you ensure the correct Bidder’s ID is used. The Bidder’s name submitted must also be the same as that appearing on the NRIC (for Singaporeans and Permanent Residents) or FIN card (for foreigners) or Company Certificate (for companies).

How the COE open bidding system works

· 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.

Calculation of COE Quota Premium

Example:

· 2nd 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:

Reserve price	Bid Status	Remarks
$100	Successful	Only the first 2 bids will be successful. The COE Price (or Quota Premium) will be $71. The 3rd and 4th bids (both with reserve price of $70) are not accepted as then the number of successful bids would exceed the COE quota of 3. The remaining 1 unallocated COE quota, which is called unused quota, will be carried forward to the next corresponding COE bidding exercise in the following month (i.e. 2nd COE open bidding exercise in the month N+1).
$88	Successful
$70	Unsuccessful
$70	Unsuccessful
$41	Unsuccessful

COE bidding procedure

1. Have sufficient funds in your bank account

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:

Category	Bid Deposit
A, B, C and E	$10,000
D	$200 (for Category D COE obtained before the March 2022 2nd bidding exercise) $800 (for Category D COE obtained from the March 2022 2nd bidding exercise onwards and before the May 2023 1st bidding exercise) $1,500 (for Category D COE obtained from the May 2023 1st bidding exercise onwards)

2. Format of bidder ID

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

Bidder ID type	Sample ID Type
Singapore NRIC	S1234567D
Foreign Identification Number (FIN)	F1234567D, G1234567D, M1234567D
ACRA No. (Business / Company registered under the Accounting & Corporate Regulatory Authority)	198912345K, 51234567M
Unique Entity Number (UEN) (Other non-individual entities, e.g. Foreign Company, Association, Club, Organisation)	T09FC4567X

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.

3. Indicate your reserve price

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.

4. Pay bid deposit and administration fee

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

5. Receive your Acknowledgement Code

You will receive a 6-digit Acknowledgement Code every time you successfully submit or revise your bid. The acknowledgement code serves as a security feature to authenticate the bidder, i.e. it ensures that only the bidder or authorised person is allowed to revise the reserve price. Bidders are only required to key in the Acknowledgement Codes for bid revisions that are made at channels other than those of the banks where the bids were originally submitted.

Where to submit your bid

There are 2 ways to submit your bid for COE — via DBS or POSB ATMs, or Internet banking services offered by DBS, UOB or Maybank. You must have a bank account with these banks to submit a bid. You cannot submit a bid on behalf of another individual using your own bank account.

DBS or POSB ATMs

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.

Internet banking with DBS, UOB, or Maybank – for corporate accounts only

A company bidding either for themselves or on behalf of another party can submit a bid through the bank’s access channels listed above.

A company may submit more than one bid in each bidding exercise. If successful, the COEs awarded to a company are not transferable, even if the COE is of a transferable category.

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

Checking your bid status

There are 2 ways you can enquire about your bid status – via LTA OneMotoring website, or Internet banking services offered by DBS, UOB or Maybank.

LTA OneMotoring Website

Access the Enquire/Revise COE Bid digital service in OneMotoring and follow these steps:

Step 1: Log in using your Singpass.

Step 2: Click “I have read and I agree to the terms and conditions”. Click “Enquire/Revise COE Bid” to continue.

Step 3: The screen will display the current COE information and status of your bid. Under “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.

Internet banking with DBS, UOB, or Maybank

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

Revising your bid

When your reserve price falls below the Current COE Price, you have been outbid. You can revise your bid upwards to remain in the running for a COE in the current exercise.

Bids must be revised upwards in multiples of $1. For each successful revision, you will receive a new Acknowledgement Code. You can make as many revisions as you want before the bidding exercise ends but note that you have to pay the bank an administration fee for each revision.

There are 3 ways to revise your bid:

DBS or POSB ATM

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.

Internet banking with DBS, UOB, or Maybank

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

LTA OneMotoring Website

Access the Enquire/Revise COE Bid digital service in OneMotoring and follow these steps:

Step 1: Log in using your Singpass.

Step 2: Click “I have read and I agree to the terms and conditions”. Click “Enquire/Revise COE Bid” to continue.

Step 3: The screen will display the current COE information and status of your bid. Under "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 new reserve price.

Step 5: Key in your latest Acknowledgement Code. Click “Submit New Reserve Price” to proceed.

Step 6: Check your bid details. Click “Confirm Reserve Price” 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 via LTA OneMotoring Website. 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.

Bidding results

Check your bidding results

For successful bids

After you win a bid, you will be given a Temporary COE (TCOE). The TCOE is valid for 6 months for Categories A, B and D (for Category D TCOE obtained before the March 2022 2nd bidding exercise), 3 months for Categories C, D (for Category D TCOE obtained from the March 2022 2nd bidding exercise onwards and before the May 2023 1st bidding exercise) and E, and 1 month for Category D TCOE obtained from the May 2023 1st bidding exercise onwards. You must register your vehicle before your TCOE expires. Once the TCOE expires, it can no longer be used and you will forfeit your full bid deposit.

When you register your vehicle, you have to pay the difference between the COE price and your bid deposit. If your bid deposit is more than the COE price, the difference will be used to offset the Registration Fee and Additional Registration Fee you pay to register your vehicle.

For unsuccessful bids

The bid deposit, after all administration fees have been deducted, will be refunded to your bank account one working day after the COE bidding results are announced. You can try again in the next bidding exercise.

Transferring of TCOEs

There are 2 ways to transfer your TCOEs:

Before Registration (Standalone Transaction)

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

Together with the Registration of New Vehicle

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