Bidding for COEs can be done electronically or through the car agent. You can submit your bid through most ATM's Fifty per cent of the bid amount will be deducted from your bank account as a tender deposit. Except for companies and organisations, each applicant is allowed only one bid in each tender exercise. Anyone found making more than one application will have all applications rejected. COEs for most categories are non-transferable.
Company cars pay double the quota premium.
The vehicle must be registered within 6 months for non-transferable categories and within 3 months for transferable categories. Current COE rates are available here . All motor vehicles imported into Singapore are slapped with a customs duty of 41 per cent ad valorem. There is also a Registration Fee to be paid. All these make the price of cars here artificially inflated compared to those in the States or Europe.