COE Renewal Prices | September 2020 PQP Results
COE bidding for the second bid of August 2020 was completed on 19th of August and the results are as predicted in our previous article where we were already hinting at the rise in prices and which we see will continue to be the trend for the coming months. COE renewal price for September 2020 continues to follow the bidding prices, moving upwards for August.
The news out there gives you all the results after they happen, here we give you the result here as well, for your convenience to compare, and we also try to predict and tell you what happens next.
(Note: this page here provides you the PQP for COE renewal prices for the month of September 2020, but if you are looking for October 2020 PQP predictions, click here)
COE Bidding Result 2nd Bid August 2020
Cat A $35,710
Up by $2,710 (+8.21%) in the latest bid.
Cat B $38,802
Up by (+4.58%) or $1,700 compared to the first bid of this month.
Cat C $25,006
Up by $906 (+3.75%) compared to the previous bid of August.
And also, tellingly, the Open Cat E also continued to rise, the category only bidded by dealers.
Cat E $38,110
Up by $1.608 (+4.40%) compared to the first bid of August.
Though Cat E is up, it is now less costly than Cat B this time, which may show either that the dealers are getting cautious on collecting Open Cat COEs for new incoming customers who want immediate registration, and that they are afraid with of a pull back in prices after this recent rising trend that has COE at its highest levels for year 2020.
Or simply that Cat B demand was so high that it shot past the price for Open Cat faster than dealers and distributors could safely make adjustments to their bids.
And here is what all you who are looking for COE Renewal are looking for, the prices for next month’s COE renewal price.
PQP COE Renewal Price Results for September 2020
Cat A $33,140
Up by $950 (+2.95%) for September compared to August COE renewal price.
Cat B $34,935
Up by $2,021 (+6.14%) compared to the renewal price of August.
Cat C $23,950
Down by $152 (-0.63%) compared to the previous PQP of August.
Time To Act Fast & And Save Thousands
COE renewal prices are rising and this is the small window of time within August that you can renew before the prices are set in stone come 1st of September. That’s the LTA rule for COE renewals, once the month is past, we cannot use previous’ month’s renewal price to pay for COE renewal for your car!
Call us if you want to get your COE renewal loan done with us and quickly before losing thousands like the Cat B car owners who have not been fortunate enough to read this!
If your COE renewal is not next month (September) contact us too, it may still be that August is better for renewal than October and November. We have a calculation which we use for our customers for their specific expiry date.
We would advise you to sign up for our COE renewal PQP monitoring service, where we can advise you when it is advantageous for you to step in and pay for the COE renewal!
We have helped many who come to us save thousands in situations like this, and for this we only charge a small admin fee (starting from $321 for 10 years renewal) for the COE renewal service. And unlike other services, the banks we use do not impose further loading fees (others typically add $200).
We care that you get the best COE renewal price and loan, and to that all our past customers can attest! Click to WhatsApp if you have any queries or call 92782880 during office hours. Or simply use the contact form on this page and we will call you back to assist.