COE RENEWAL
Renew Your COE with Ease and Save Money
Skip the hassle of the COE bidding process and save on upfront costs. With First Motoring, you only need to pay the Prevailing Quota Premium (PQP) for COE renewal. The PQP is based on averaged COE prices over the past three months, giving you a fair and flexible rate. Say goodbye to unnecessary expenses and enjoy potential savings with us.
Understand What is COE
COE renewal is the process of extending a Certificate of Entitlement's (COE) validity period in Singapore . For 10 years, the holder of a COE is permitted to register, own, and operate a vehicle in Singapore.
.png)
Car owners can extend their COE for a further 5 to 10 years, depending on the vehicle’s type, after it expires. Owners of automobiles can keep driving them lawfully on the road by renewing their certificates.
When & Why You Should Renew Your COE?
To avoid penalties
If you fail to renew your COE before it expires, you risk fines or the need to reapply for a potentially more expensive COE.
Long-term financial savings
Since you won't have to pay the entire cost of a new COE, renewing your COE may end up being less expensive than purchasing a new car.
Preserving your mobility
If you depend on your car for transportation, you can keep driving it without any problems if you renew your COE. You may choose to renew 5 or 10 years COE depending on your car's condition!
Why Choose First Motoring COE Renewal?
Save money on COE renewal with low interest rates.
Don't break the bank when it comes to renewing your COE. With First Motoring, you can take advantage of our low interest rates starting from 2.88%. Save money and enjoy the flexibility and potential savings that come with a dynamic rate. Don't miss out on this opportunity to renew your COE!
Renew your COE by saving on the upfront costs.
Trust in over 20 years of combined industry experience with First Motoring. Renew your COE without the hassle of navigating the bidding process and enjoy lower upfront costs. With our expertise, you can now secure a fair price, ensuring potential savings for savvy drivers like you.
Renew your COE with confidence.
With over 20,000 cars transacted, we have the experience and expertise to guide you through the process. Say goodbye to navigating the COE bidding process and enjoy the flexibility of renewing your COE with ease and confidence.
Benefits of COE Renewal
Cost Savings
Renewing your COE allows you to extend the lifespan of your vehicle without the significant upfront cost of purchasing a new one. This can be particularly advantageous if your current vehicle is still in good condition and meets your transportation needs.
Familiarity
If you're attached to your current vehicle or prefer its features and performance over newer models, renewing the COE allows you to continue using the same vehicle without the need for adaptation to a new one.
Avoiding Depreciation
Vehicle depreciation is a significant factor in the cost of car ownership. By renewing the COE, you can avoid the steep depreciation that occurs with purchasing a new vehicle, especially in the initial years.
Enquire Now, No Obligations
Get in touch so we can start connecting.
-
5. Is COE mandatory for vehicles in Singapore?Yes, COE is mandatory for owning and registering a vehicle in Singapore. It is a legal requirement for all vehicles, including cars, motorcycles, and commercial vehicles, and is obtained through a bidding system.
-
1. What is the difference between PQP and COE?The PQP (Prevailing Quota Premium) is the moving average of the COE (Certificate of Entitlement) prices, determined by the Land Transport Authority (LTA) in Singapore. COE, on the other hand, is a certificate necessary for owning a vehicle in Singapore, allowing the holder the right to vehicle ownership and use for a period of 10 years.
-
2. Is COE only applicable in Singapore?Yes, the COE system is unique to Singapore and is used to regulate the vehicle population in the country.
-
3. Can you explain the 10-year car rule in Singapore?In Singapore, vehicles with a COE are allowed to be on the road for 10 years. At the end of the 10-year period, vehicle owners have the option to deregister their vehicles and receive a rebate on the remaining COE value, or they can choose to renew the COE for another 5 or 10 years.
-
4. What are the consequences after 10 years of COE?After 10 years, vehicle owners have to decide whether to deregister their vehicles and receive a rebate on the remaining COE value, or renew the COE for another 5 or 10 years. If they choose not to renew the COE, the vehicle must be scrapped or exported.