Learn the proper way to renew your COE
How To Renew COE And Retain Your Vehicle

With the current COE at an all-time high, not many will choose to have their COE renewed. However, it is not uncommon for car enthusiasts to keep their rare and prized cars for more than 10 years, especially when the model is no longer in production.

So what do you do when your car is approaching the end of the 10 year lifespan? You have the options of either scraping or exporting it, or renewing your Certificate of Entitlement (COE) to extend the life of your car.

It’s a piece of cake to renew your COE. There is no need for you to bid for a COE. You may opt to renew your vehicle for another 10 years or go for a 5-year term.

To renew your COE for another 10 years, you will have to pay the Prevailing Quota Premium (PQP). PQP is the moving average of the COE prices, also called Quota Premiums (QPs), in the last 3 months. PQP varies from month to month, as in the same with COE that goes through bi-weekly biddings.

Your car can also be given a new, albeit shorter, lease by choosing to renew COE for a 5-year basis. You will only have to pay 50% of the PQP. However, such a certificate is non-renewable, thus entailing that you must de-register the vehicle upon the expiry of the 5-year COE.

Do note that whatever your choice, if the COE is not renewed by the current COE expiry date, the vehicle will be de-registered.

There are 3 payment channels for you to choose. You can pay via Internet, by post or at LTA Customer Service Centre at 10 Sin Ming Drive, Singapore 575701.

The Internet service is available daily from 6am to 12 midnight. It requires a valid Internet Banking Account with Citibank, DBS/POSB, OCBC/Plus! or UOB. For successful deduction of PQP, please make sure that there is adequate fund in the account and the payment amount is within the daily Internet payment limit set by the bank.

For those who choose to pay by post, your application form and payment must reach the Land Transport Authority (LTA) at least two weeks before the COE expiry date. The application date shall be the date LTA received the application. You have to note that proof of posting is not proof of receipt.

For all payment channels, the application to renew the COE must be received by the Land Transport Authority within 1 month after the expiration of the current COE.

Click here to view COE history.