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ST701 Cars Vertical > Guides & Article > Car Glossary |
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| Car Glossary |
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Station Wagon
A station wagon comes without a trunk, but instead has space behind the rear passenger seats through which luggage can be loaded through a tailgate. Some station wagons have rear seats that are foldable so as to make more space for cargo. |
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Hatchback
Functionally equivalent to a station wagon i.e. rear compartment accessible via tailgate. A hatchback, however, tends to be relatively smaller. Technicalities aside, treat a hatchback as a smaller cousin of the station wagon. |
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Luxury Car
For this select group of vehicles, be prepared to fork out more money. Luxury cars epitomize quality, comfort and cutting-edge technology to deliver the ultimate driving experience. Some popular local makes include Mercedes-Benz,
BMW, Audi, Volvo and others. |
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Sports Car
Members of this family spot aerodynamic shapes and low profiles so that they can easily handle high speeds and tight turns. A sports car is designed with performance in mind – primary considerations can include high horsepower, superior handling and braking, so sometimes passenger comfort, fuel economy and cargo space could be compromised. |
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SUV
Most people just say S-U-V for short, but the acronym stands for “Sport-Utility Vehicle”. See it as a combination of a passenger car that incorporates the towing capacity of a pickup truck. SUVs tend to be rugged four-wheel-drive vehicles that are competent both on roads and cross-country terrain. |
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Sedan
The sedan is the prototypical car. The most common configuration is two rows of seats that can collectively accommodate up to five adults, four doors and a trunk to boot! (Excuse us the pun, but we couldn’t resist – in British English, the trunk is known as the boot.) |
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MPV
Em-pee-vee actually stands for “Multi-purpose Vehicle”. The MPV (also known as the minivan) is designed with volume in mind – typical MPVs can carry anywhere between six to eight passengers. Larger than the sedan, it is most useful for large families. |
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| Certificate of Entitlement |
| A Certificate of Entitlement (COE) represents an entitlement for the certificate owner to register and own a vehicle in Singapore. A COE takes the form of an electronic entry in the LTA’s database. |
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| Quota Premium |
| The Quota Premium (QP) is the amount you pay to get a Certificate of Entitlement. QPs are not fixed, but varies from one COE exercise to the next depending on bids offered. You may want to visit the LTA website’s Facts & Figures Section to get a feel how QPs have varied over the years. |
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| Prevailing Quota Premium |
| The Prevailing Quota Premium (PQP) is a rolling average of the last three months’ Quota Premiums. For example, the PQP for June 2006 is the average of QPs for the months of April, May and June 2006; whereas, the PQP for October 2003 is the average of QPs for August, September and October 2003. Historical data on PQPs are available on the LTA website’s Facts & Figures Section. PQPs are applicable to existing vehicle owners who are renewing their COEs. |
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| COE Open Bidding System |
| The COE Open Bidding System allows for automated bidding. You need only enter a reserve price, and the system will automatically up your bid. Please take a look at reserve price for more details. The bidding system can be accessed at: http://ocoe.lta.gov.sg |
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| Reserve Price |
| The reserve price is the maximum amount you would be willing to pay for a COE. The COE Open Bidding System allows you to input a reserve price. Thereafter, it will start your bid at $1, and revise it upwards by one-dollar increments until it reaches your pre-specified limit. Once the current COE price exceeds your reserve price, you’re out of the running. At that juncture, options available to you are to either raise your reserve price or wait for subsequent bidding exercises. |
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| COE |
| A Certificate of Entitlement (COE) is an electronic entry in the LTA’s database which entitles you to register and own a vehicle for 10 years. |
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| Temporary COE |
| During the interim period after you have secured a COE but have yet to register a vehicle, your COE is known as a temporary COE (TCOE). Like COEs, TCOEs are electronic entries in the LTA’s database. If you have bid for your COE under Categories A, B and D, you would need to register a vehicle within 6 months. If you bid under Categories C and E, you need to register a vehicle within 3 months. Failure to do so will result in your TCOE being cancelled, and your bid deposit forfeited. |
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| Registration Fee |
| The Registration Fee (RF) is one of the fees you will have to pay during vehicle registration. Currently, the RF is fixed at $140. |
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| Additional Registration Fee |
| The Additional Registration Fee (ARF) is one of the fees you will need to pay during vehicle registration. The ARF is computed as 110% of the vehicle’s Open Market Value (OMV) for cars registered with COEs obtained from the March, 2004 bidding exercise onwards. |
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| Open Market Value |
| Open Market Value (OMV) is assessed and determined by Singapore Customs, and includes the purchase price of goods (in our context, a vehicle), freight, insurance and all other charges related to the sale and delivery of the vehicle to Singapore. The LTA Website has a calculator to compute OMV. |
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| Make & Model |
| When we say “make” we refer to the car manufacturers’ corporate brands. Popular local makes include Toyota, Nissan, Honda, Hyundai, Volkswagen etc. A model is type of vehicle made by a manufacturer. For instance, Honda has models like Accord, Civic, Jazz, while Toyota has Camry, Altis, Vios and others. |
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| Preferential Additional Registration Fee (PARF) |
The PARF rebate is computed based on the age of the car at de-registration . The age of the car is computed from the date of its registration in Singapore or its original registration in a foreign country, whichever is earlier. Imported used car registered in Singapore before 1 September 2007 is not eligible for PARF rebate.
Breakdown of the PARF benefit for PARF-eligible cars can be found in ONE.MOTORING portal |
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