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COE Expiring Soon?

We provide COE Renewal Loans, Advice & Paperwork Assistance

Sgcarmart Connect is here to answer all your questions on COE renewal loans. Our team of experts will find you the best rates in Singapore and provide free advice on the best time to renew, making your COE renewal process a breeze. What's more, we'll settle the LTA paperwork for you - so you'll save time & money.
Advice and tips on COE renewal loan
Complimentary Pre-COE Car Inspection
COE renewal loan quote comparisons
Low COE Loan Interest Rate starting from 2.88%
100% PQP Financing
Settlement of entire COE renewal paperwork

Apply for COE Renewal Loan in 3 Easy Steps!

CONNECT
Car owners can submit details below to get personalised advice & free pre-COE car inspection.
COMPARE
We will recommend you COE renewal loan quotes with the lowest interest rates.
APPOINTMENT
Once your bank loan is approved, schedule a virtual or face-to-face appointment to complete your renewal.

Let us help you with your COE Renewal Loan

Fill up this no obligations form or WhatsApp us to get personalised advice from our professionals.
Plus, we'll recommend you the best COE renewal loan rates in Singapore starting from 2.88%.
What you get:
Free Pre-COE Car Inspection, Lowest Interest Rates Starting From 2.88%, 100% Prevailing Quota Premium Financing

Why Choose Sgcarmart Connect?

Complimentary pre-COE Inspection

Get free personalised consultation and car health check at our inspection center

Best COE Renewal loan rates in the market

We'll get you 100% PQP financing at a competitive interest rate compared across major banks and in-house loan providers

Settlement of entire COE Renewal paperwork

From submission of documentation to disbursement of funds, we ensure everything runs smoothly during your loan tenure

Not Sure When to Renew Your COE?

Cost of 10-year COE Renewal CAT A CAT B
Jun-2024 PQP
$89,634
$101,008
Jul-2024 PQP
$91,401
$102,828
COE can also be renewed for either 10 years, or 5 years at half the price.
We can advise you on the best time to renew your car's COE. Call us at 6744 3540.

COE Renewal 101: Frequently Asked Questions Answered

To renew your car's COE, you do not need to bid for a new COE. You just need to pay the COE Prevailing Quota Premium (PQP). We can help you to get a 100% loan for this at cheap interest rates.

Once you renew the COE of your car, you will lose the PARF rebate for your car. Your road tax will also increase by up to 50%.

You must renew your COE before it expires. You may also renew it within 1 month after expiry, but you will need to pay a late renewal fee.


The Prevailing Quota Premium (PQP) is the moving average of the COE prices in the past 3 months. The PQP changes from month to month – and you can find the latest PQP here


Vehicle owners interested in renewing COE can opt for a 5 or 10-year renewal. At this juncture, drivers need to consider how much longer they intend to drive the vehicle.

You should go with 5-years if you’re not prepared to commit to another full 10-year COE cycle. With a 5-year COE Renewal, you’ll only need to pay 50% of the PQP.

The downside for 5-year renewals is that you can only do this once. At the end of the 5-year renewal period, you won’t be able to renew the COE again and will have to deregister the vehicle.

For 10-year renewals, you can renew it continuously.


Yes, you can. Your new COE period starts from the 1st day of the month after you renew your COE. However, you will forfeit any unused portion of your previous COE. Sgcarmart Connect can help you decide on the best time to renew your COE with free, personalised advice. Sign up here


Yes, but only if you do not require a bank loan. As the vehicle owner, you can renew your COE directly via LTA, or One Motoring website.

If you require a bank loan, you will need to seek help from finance agents like Sgcarmart Connect. If you wish to get a loan, you may submit your request here


No, there are no additional fees if you renew the COE yourself – you’ll only need to pay the PQP amount.


Frequently Asked Questions

You may apply for a 100% loan for COE Renewal. Please check with us here for your eligibility on a full loan.

For 5-year COE renewal loans, the maximum loan repayment term is 5 years.

For 10-year COE renewal loans, the maximum loan repayment term is 7 years.


The cost of COE renewal is determined by the Prevailing Quota Premium (PQP), which represents the average COE prices over the preceding three months. The PQP changes from month to month hence, it’s important to consider the PQP when budgeting for your COE renewal expenses.


To ascertain the expiry date of your COE, you can refer to your vehicle's log card via OneMotoring website.


Your monthly instalment can be influenced by various factors, including the loan amount, interest rate, and loan tenure. However, it’s important to note that these figures are subject to change based on dynamic variables such as the Prevailing Quota Premium (PQP) and the specific COE renewal loan packages you opt for.


The cost of COE renewal is determined by the Prevailing Quota Premium (PQP), which represents the average COE prices over the preceding three months. The PQP changes from month to month hence, it's important to consider the PQP when budgeting for your COE renewal expenses.


Get in Touch
For further enquiries and COE renewal loan concerns, please seek advice from our consultants.
We are available from Mon-Sat, 10.30am to 6.30pm.