Whether you are applying of the COE for the first time or if you are getting a COE renewal, you should be careful with all the step that you are taking because the simplest mistakes that you make will not give you the COE. Yes, it is a sensitive procedure and if you are to get the right outcome from it, you have to make sure that you have what it takes.
In order to have a hassle free procedure in getting the COE, there are a number of things that you should know. With this information, it will be so much easier for you to gain the ideal outcome from journey that you are headed on to that you can be the owner of your car without a hassle. These are the information that you should know before you get a COE so that you can make the procedure much easier:
The price of the COE
The most important thing about getting the COE is that you pay the right price. When you pay the right price, there is a high chance that you gain the best from the bidding. Keep in mind that the price of the COE changes from time to time and spending on the category that you vehicle belongs to, the price that you have to pay will differ. Therefore, before you start bidding look into what the current coe price.This will help you decide what the next step to take is. If you are not comfortable paying the entire price all at once, you can opt for getting a loan.
Get to know your bidding ID
Another crucial piece of information that you have to know is the bidding ID. When you know the bidding ID, it will be so much easier for you to fill the forms. Moreover, you have to guarantee that you get the bidding ID right because if not, it will cause trouble when you have to get the vehicle registered. This means that you will have to go through the entire procedure all over again.
Options of COE renewal
When you are getting a COE renewal, you are eft with certain options. You can either get a COE renewal of 5 years or 10 years. The 5 year CEO renewal will be much cheaper as you have to only pay half the price but on the other hand, for the 10 year renewable, you will have to pay the full price. However, keep in mind that when you get a 5 year renewable, your vehicle will be sent to scraps after 5 years.