COE prices
Latest premiums by category
A new Category B car pays about $127,000 in COE before the car itself even factors in. Buy that model used and most of that cost is already behind it — and the unused COE, plus any PARF rebate, is refundable when the car is deregistered, so it sets a floor under the price.
So a value buy isn't a car priced below that floor — it's one priced low against comparable cars for its age and remaining COE. Telling those apart is what Carveat checks.
Renewal cost (PQP) — August 2026
If a car's first 10-year COE is up, you don't bid again — you pay the Prevailing Quota Premium to renew. It's a 3-month average of recent premiums, so it's fixed for the month and updates after each month's second bidding exercise.
COE vs PQP, plainly
COE is what you pay to put a car on the road for its first 10 years — set by bidding, twice a month. PQP is what you pay to keep an older car on the road past 10 — a renewal price that updates monthly.
Why a buyer should care
A renewed car has no PARF rebate left and its price swings with PQP. A car still on its first COE carries rebate value you get back later. Same model, very different deal — and it's not always the cheaper sticker that wins.
Know what a fair price looks like
Tell us the car you're after. We'll value it against the live market and flag the genuine value buys — not the ones that only look like one.