Indeed, the latest round of COE prices, released on 7 June, saw premiums rebound across the board (except for Cat E), proving that May’s results were merely an anomaly rather than the start of a much-awaited downtrend
When the current COE price exceeds your reserve price, you must revise your bid if you want to continue biddingOnce your bid is submitted successfully, your bank will automatically deduct your bid deposit and admin feeYou will receive a 6-digit acknowledgement code. Use this code to enquire on the status of your bid or to revise it.Check the result of your COE bidding over at the OneMotoring website.Bidding exercises are held twice every month.
What sets this loan apart from the competitions is the S$300 rebate if you finance your car loan directly with the bank, which gives you just that little bit more value. This may be a small figure at first glance, but given the exorbitant car prices these days, can translate to several hundred dollars of savings every month.
This is lower than that for petrol cars, and will come in handy for managing your car ownership costs.
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