Thread: Scirocco
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Old August 29th, 2009, 01:32 AM
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Re: Scirocco

Tantu ji, Its called the COE (Certificate of eligibility). Each time I buy a car I have to get a fresh one. But the guy who is buying my current car off me, will reimburse me the value of the remaining COE on my current car. so its transferrable from owner to owner.

In simple words, when I bought my current car, COE was 15,000 Sing $. A COE is for 10 yrs. Current car is 3 yrs old, so I will still get a proportionate value for the remaining seven years from the guy who buys my car.
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