COE Renewal price.

[TangoBoy]

Just to share with everyone my enquire of my bike's COE renewal price.

My bike COE expires in Feb 2009. FS XX42B. Vtec1.

 

If i renew in Oct...I pay $917 to renew for 10 years wef Oct 2006. If Nov, price will be $971.

[ET]

it will be lesser by a bit from the actual COE for new bikes...~

[trial-sin]

any chance it`ll drop by nxt yr..? =X dunno how this coe thingy works.. like stock market is it..? newbie here..

[Demon]

Originally posted by trial-sin@Oct 28 2006, 08:00 PM

any chance it`ll drop by nxt yr..? =X dunno how this coe thingy works.. like stock market is it..? newbie here..

We have to get the terminology correct.

 

COE is the Certificate of Entitlement. A paper to entitle you to buy and use a vehicle for 10 years.

 

Quota Premium (QP) is the amount you have to pay for that paper.

 

Prevailing Quota Premium (PQP) is the amount that you have to pay to keep your vehicle beyond ten years. PQP is calculated based on the moving average of the past three QPs. Eg. Sep QPQ will be based on the the QP of Jun, Jul & Aug. Take past three QPs, total of 6 bids and divide by 6 you get PQP.

 

http://www.lta.gov.sg/corp_info/doc/COE_result_2006.PDF

 

Based on the bike QPs, it doesn't seem things are slowing down. I would renew my PQP as early as possible.

[compfused]

Originally posted by Demon@Oct 29 2006, 10:52 AM

We have to get the terminology correct.

 

COE is the Certificate of Entitlement. A paper to entitle you to buy and use a vehicle for 10 years.

 

Quota Premium (QP) is the amount you have to pay for that paper.

 

Prevailing Quota Premium (PQP) is the amount that you have to pay to keep your vehicle beyond ten years. PQP is calculated based on the moving average of the past three QPs. Eg. Sep QPQ will be based on the the QP of Jun, Jul & Aug. Take past three QPs, total of 6 bids and divide by 6 you get PQP.

 

http://www.lta.gov.sg/corp_info/doc/COE_result_2006.PDF

 

Based on the bike QPs, it doesn't seem things are slowing down. I would renew my PQP as early as possible.

:confused:

 

Care to give an example how to calculate?

[Demon]

Originally posted by compfused@Oct 29 2006, 02:11 PM

:confused:

 

Care to give an example how to calculate?

http://img.photobucket.com/albums/v469/udaloy/pic2.jpg

 

There are 6 yellow boxes, they are the QP of each month. Since there are two QPs per month, to get PQP, you need to average the QPs of the past 3 months. Add all the 6 yellow boxes, and divide it by 6. You will get the amount in the green box.

 

 

[compfused]

Thanks..That really helped alot..Btw how do they come out with the Quota Premium..Quota and etc? Sorry if I'm askin too much..Just that I think its good to know how these kinda stuff works out..

[Demon]

Originally posted by compfused@Oct 29 2006, 02:52 PM

Thanks..That really helped alot..Btw how do they come out with the Quota Premium..Quota and etc? Sorry if I'm askin too much..Just that I think its good to know how these kinda stuff works out..

Let's take Jan 2006 First Tender.

 

Quota : 513

successful Bids : 511

Bids received : 575

QP : $479

 

The 575 bids received were of various amount with a minimum of $1. List all these 575 bids in descending order ie. biggest amount to smallest amount. Since the quota for the month is only 513, from the list, draw a line at the 513th bid. But the successful bids were 511, this could be due to a cluster of bids from 512th onwards were all of similar amount which the quota cannot be enlarged to accomodate these bids. So the successful bid has to move up to the next higher amount which happened to be the 511th bid. This could probably explain the discrepancy of the 2 unused quota which will be brougth fodward to the next bidding exercise.

 

[compfused]

Thanks again..