Doorstep COE Renewal
Renew Your COE, We Come to You!
1
Initiate
Submit your details to receive expert guidance and a complimentary pre-COE inspection, helping you make an informed decision on your COE renewal.
2
Evaluate
We’ll secure the most competitive COE renewal loan quotes with the lowest interest rates and ensuring a seamless renewal process tailored to your needs.
3
Finalize
We come directly to you to complete your COE renewal, enjoy doorstep service at your convenience, with no administrative or hidden fees.
What is COE Renewal & PQP?
COE renewal extends your vehicle’s COE by 5 or 10 years after the initial 10-year term expires. Instead of bidding anew, you pay the Prevailing Quota Premium (PQP), which is the average COE bid price over the past three months
How it works
You submit your renewal application—online or via mail—within your COE expiry window (or up to one month late, with a fee). Then, depending on your choice, you pay 50% PQP for 5 years or 100% PQP for 10 years, and your new COE begins immediately afterward .
Why renew?
It’s often much cheaper than buying a new car—including avoiding the full COE bid and new vehicle price. You also postpone steep depreciation and avoid bidding uncertainty .
5‑Year Renewal
Renewal Option
Pay 50% PQP, can only renew once
Annual Cost
Lower upfront, but higher annualized cost
Resale/Exit Flexibility
Car must be scrapped after 5 years; no resale value
Maintenance & Tax Implications
Shorter duration so both road tax and
wear & tear stay moderate
Ideal For
Those wanting short-term use or planning
to change cars soon
10‑Year Renewal
Renewal Option
Pay 100% PQP, can renew unlimited times
Annual Cost
Higher upfront, but lower average annual depreciation
Resale/Exit Flexibility
Can be sold or scrapped anytime
Maintenance & Tax Implications
Longer ownership so higher age surcharges,
insurance, and maintenance
Ideal For
Long-term owners with well-maintained vehicles
and resale plans
