COE renewal in Singapore: 5 or 10 years, and what it costs
Last updated: October 2026
A car's Certificate of Entitlement (COE) lasts 10 years. When it is about to run out you have two choices: deregister the car (scrap or export it and collect any rebates) or renew the COE and keep driving. This guide explains how renewal works and what to weigh up. We don't quote PQP figures because they change every month; the current ones are on OneMotoring's COE renewal page.
What you pay: the PQP
Renewing costs the Prevailing Quota Premium (PQP) for your vehicle's category. The PQP is the moving average of COE prices over the last three months in which bidding was held, so it moves more slowly than the bidding results.
| Renewal | You pay | Can it be renewed again? |
|---|---|---|
| 10 years | The full PQP | Yes |
| 5 years | 50% of the PQP | No. For cars, a 5-year renewal is a one-time option, and the car must be deregistered when it ends. |
When to renew
- In the month the COE expires: the new COE starts the day after the old one ends, so nothing is forfeited.
- Earlier than that: the new COE starts on the first of the following month and the unused part of the old COE is forfeited, including any COE rebate.
- Up to one month after expiry: you pay the PQP for the month the COE expired plus a late renewal fee. After that the car has to be disposed of.
Renewal is done online on OneMotoring. A car that hasn't been renewed can't be driven once its COE has expired.
What you give up by renewing
If you deregister a car before it is 10 years old you collect its PARF rebate (part of the ARF paid) plus the COE rebate for any unused COE. At the 10-year mark the PARF rebate has already gone, so for most cars the decision at expiry is simply: is this car worth the PQP to me for another 5 or 10 years?
After renewal:
- The car no longer gets a PARF rebate. If you deregister it early, you get back only the unused part of the renewed COE.
- Cars over 10 years old must pass an inspection every year (every 2 years for cars aged 3 to 10).
- Cars over 10 years old pay a road tax surcharge that rises with age. Check the amount with OneMotoring's road tax enquiry.
- Repairs and maintenance tend to cost more as a car ages. Get the car checked before you commit.
5 years or 10?
- 5 years costs half as much upfront and suits a car you expect to keep for a few more years. There's no option to renew again.
- 10 years costs the full PQP. It suits a reliable car you plan to keep for a long time, and keeps the option of selling it on with a longer COE.
- Compare the yearly cost of renewing (PQP divided by years) with the yearly depreciation of a replacement car. Our market guide explains depreciation.
Financing a renewal
Many banks and finance companies offer loans for COE renewal. What you're offered depends on the lender's assessment of you and the car. When comparing, ask for the tenure, the flat and effective interest rates, the total amount payable and any early settlement charges. Read our car loan guide for how flat and effective rates differ.
Or sell instead
If renewing doesn't add up, you can deregister the car yourself or sell it to a dealer or exporter before the COE expires. Thinking of changing car instead? See our used cars.
Frequently asked questions
How much does it cost to renew a COE?
You pay the Prevailing Quota Premium (PQP) for your car's category: the full PQP for a 10-year renewal, or 50% of it for 5 years. The PQP is the moving average of COE prices over the last three months and is published monthly on OneMotoring.
Can I renew a 5-year COE again?
No. For cars and motorcycles a 5-year renewal can only be done once. When it runs out the vehicle must be deregistered. A 10-year renewal does not have that restriction.
Do I still get a PARF rebate after renewing?
No. Once a car's COE is renewed it no longer earns a PARF rebate. If you deregister early, you get back only the unused part of the renewed COE (the COE rebate).
When should I renew?
If you renew in the month the COE expires, the new COE starts the day after the old one ends and nothing is forfeited. Renew earlier and the unused part of the old COE is forfeited. You can still renew up to one month after expiry, with a late fee.
Can I get a loan to renew my COE?
Yes, many lenders finance COE renewals. Send us your plate number, COE expiry and the amount you need and we'll come back with the options.
Official sources
- OneMotoring: COE renewal (PQP, timing, late renewal)
- OneMotoring: PARF and COE rebates
- OneMotoring: vehicle inspection
More guides
- The Singapore car market explained — COE categories and bidding, renewal, OMV, ARF and PARF, depreciation, loans, insurance and the transfer process, in one place.
- Used car loans — How much you can borrow, for how long, and how to compare loans.
- Car insurance and NCD — Third party vs comprehensive, how NCD works, and what affects the price.
This guide is general information, not financial or legal advice. Rules change: always check the official sources above before you decide.