Singapore Expats

Hi,

A quick question on new car quotes (this one from sgcarmart):

Price: 115,800
Price Scheme: 1 bid guaranteed COE without top-ups, Cat B rebate at $35K

Does the price include the cost of COE or is that on top? I know that the '1 bid' means they guarantee a COE in the next auction, but what does 'without top-ups' mean and what does the rebate refer to?

A couple of other questions: If I were to buy a used car with full-COE, is it possible to convert this to off-peak hours? How do I roughly calculate the rebate I'd receive?

Thanks,
Brian

Hi Brian, Good to know you are still alive and kicking in SG

Still here and apparently staying for a lot longer. ☺

Yes the price includes COE up to a $35,000 limit and the rebate is the difference refunded to you if the COE is lower that $35,000.

COE is included and guaranteed, regardless of price. If a CatB COE comes in at less than 35k then you get some money back......if a CatB COE is over 35k the dealer will absorb the difference without the need for you top top-up further on the price sold.

I half expect the dealer to already be sitting on some COE. Mine was sitting on quite a number of Open Cat when I took mine last year so they play around with what they have and at what price.