Jump to content

COE Cat E


Plusnplus
 Share

Recommended Posts

  On 9/30/2009 at 6:41 AM, Plusnplus said:

Hi all,

 

what is plus and minus point get coe cat e instead cat b ?

 

thanks for any info

 

The value of Cat E is pegged to that value of Cat A Or B for that month [nod]

 

I.e If Cat E is 20K, Cat A is 15K while Cat B is 17K on that particular month, when you scrap or sell your vehicle, the value is pegged at Cat A/B [nod]

Link to post
Share on other sites

1. Get your new car right away

 

MOST dealers have an 'immediate delivery' deal, which means they will use an Open Category COE, rather than a COE from the car's rightful category.

 

This means that if there's a car available in your choice of colour, you just sign on the dotted line and get it as soon as the documentation is done and the number plate is ready.

 

The attraction: No need to wait. And since Open Category COEs are valid for only three months, dealers will sweeten the deal if the expiry date draws near for COEs they have in hand.

 

The downside: You may collect less of a rebate when you scrap the car. This is because the 'leftover' value of an Open COE will not be based on its price, but on the price of the COE for the car's rightful category, if the latter is lower.

 

For example, you use a $12,000 Open Category COE to buy a 1.6-litre car when the COE for 1.6-litre cars in the same tender is $5,000. If you scrap the car by the fifth year, you get back $2,500 in unused COE, not half the price of the Open Category COE.

 

Offers: Practically every dealer has Open COEs for urgent registrations. The deals for cars packaged with an Open COE can be anywhere from among the priciest to the cheapest.

 

  • Praise 1
Link to post
Share on other sites

Taken the below info from Asiaone...

 

  On 9/30/2009 at 7:08 AM, Chngee said:

1. Get your new car right away

 

MOST dealers have an 'immediate delivery' deal, which means they will use an Open Category COE, rather than a COE from the car's rightful category.

 

This means that if there's a car available in your choice of colour, you just sign on the dotted line and get it as soon as the documentation is done and the number plate is ready.

 

The attraction: No need to wait. And since Open Category COEs are valid for only three months, dealers will sweeten the deal if the expiry date draws near for COEs they have in hand.

 

The downside: You may collect less of a rebate when you scrap the car. This is because the 'leftover' value of an Open COE will not be based on its price, but on the price of the COE for the car's rightful category, if the latter is lower.

 

For example, you use a $12,000 Open Category COE to buy a 1.6-litre car when the COE for 1.6-litre cars in the same tender is $5,000. If you scrap the car by the fifth year, you get back $2,500 in unused COE, not half the price of the Open Category COE.

 

Offers: Practically every dealer has Open COEs for urgent registrations. The deals for cars packaged with an Open COE can be anywhere from among the priciest to the cheapest.

 

Link to post
Share on other sites

I can't think of any plus point for Cat E. The minus point for Cat E is when upon scrap before COE expire, the rebate amount will be based on CAT E or CAT B whichever is lower at the point of time when the car is registered. Example if Cat E is 15k and Cat B is 13k at the point of purchase, the rebate will be based on Cat B value next time. This is based on what i know because my previous car was using Cat E.

Link to post
Share on other sites

Plus point would be that you would be able to collect your car at double quick time due to immediate registration using Cat E COE.

 

Minus point like wat most bros pointed out would be that your COE rebate would be based on the actual category for your car and OFTEN, is lower than the price of CAT E.

 

If the difference in price is not great, then go for CAT E if you're in a rush to get the car.

 

My car is also CAT E and it's $13,301. CAT A at that time was $12,002. So difference wasn't that great and the SE was nice enough to absorb it.

Link to post
Share on other sites

  On 9/30/2009 at 7:12 AM, Roh96 said:

I can't think of any plus point for Cat E. The minus point for Cat E is when upon scrap before COE expire, the rebate amount will be based on CAT E or CAT B whichever is lower at the point of time when the car is registered. Example if Cat E is 15k and Cat B is 13k at the point of purchase, the rebate will be based on Cat B value next time. This is based on what i know because my previous car was using Cat E.

 

anyone can confirm which one correct :

 

2009, buy car, get coe cat e

coe cat b $19000

coe cat e $20000

 

 

2015, sell car

coe cat b $17000

 

 

rebate base on coe cat b 2009 or 2015 ?

Link to post
Share on other sites

  On 9/30/2009 at 8:05 AM, Plusnplus said:

anyone can confirm which one correct :

 

2009, buy car, get coe cat e

coe cat b $19000

coe cat e $20000

 

 

2015, sell car

coe cat b $17000

 

 

rebate base on coe cat b 2009 or 2015 ?

 

2009 lower of the 2 CATs which means $19K CAT B...

Link to post
Share on other sites

  On 9/30/2009 at 8:05 AM, Plusnplus said:

anyone can confirm which one correct :

 

2009, buy car, get coe cat e

coe cat b $19000

coe cat e $20000

 

 

2015, sell car

coe cat b $17000

 

 

rebate base on coe cat b 2009 or 2015 ?

 

Cat B $19000 [nod]

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...