COE
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The Certificate of Entitlement (COE) program began in 1990 and was designed to limit car ownership by reducing the number of vehicles on the road. All road users have to bid for a COE before they purchase a vehicle, which is basically a slip of paper, before they buy their actual car. This allows holders to own a car for a period of 10 years, after which they must sell or purchase another COE if they wish to continue using their car.
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