The price of a COE should be a major consideration for any prospective car-owner, as there are times when it's possible to pay more for the COE than for your car. As a result, it's helpful to have a general idea of what people are paying for them, especially as you consider what reserve price you'll need to pay to succeed in the bidding process. It's also just as important to understand what drives changes in COE prices. In the following guide, we compare the average price of COEs in 2020 with prices from past years, and outline the primary factors that determine the cost of COEs.

Average Cost of COE

The following graph shows how the average COE price has changed over the past decade. As of 17 May 2023, the average cost of COEs was $92,000 for Category A, $113,034 for Category B...