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Do I have to pay COE for used car?

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Buy a used car You can get a loan of up to 70 per cent of the car price for a maximum of seven years, and pay the balance in cash. There is no need to pay more for a COE as the used car has a COE tied to it. If your new car's OMV is above $20,000, your maximum loan amount is 60 per cent.
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