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COE Expiring Soon?
We provide COE Renewal Advice,
Loan & Paperwork

sgCarMart Connect can answer all your questions on COE renewal. We also help you find the best COE renewal loan rates in Singapore. Get free advice on the best time to renew your COE. What's more, we'll settle the LTA paperwork for you - so you'll save time & money.
Advice and tips on COE renewal
Complimentary Pre-COE Car Inspection
COE renewal loan quote comparisons
Interest Rate typically starts from 1.88%
100% PQP Financing
Settlement of entire COE renewal paperwork

Renew your COE in 3 Easy Steps!

CONNECT
Submit your 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.

Our Top Value-Added Benefits For You

Complimentary pre-COE Inspection

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

Cheapest COE Renewal loan rates in the market

We'll get you 100% PQP financing at the lowest 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

COE Renewal 101: Things you should know

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.


Let us help you renew your COE

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 1.88%.
What you get:
Free Pre-COE Car Inspection, Lowest Interest Rates Starting From 1.88%, Free Paperwork Support

Frequently Asked Questions

Our experienced consultants will notify you on the latest PQP results and recommend the best timing for you to renew. We'll also help you settle your LTA paperwork, and source for the most competitive COE bank loans rates for you.


At sgCarMart Connect, we work with Singapore’s top banks and financial institutions like Hong Leong Finance, Tokyo Century Leasing, Maybank and UOB to help you get the best loan coverage for your COE, with the lowest rates possible.


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.


1. NRIC (Front and Back)
2. Driving License (Front and Back)
3. Latest 12 months’ CPF Contribution History Statement OR Latest 2 years’ Income Tax Notice of Assessment.


Third party costs such as dispatch charges, transfer fees and admin fees starting from $300 for COE loans may apply


The loan approval will typically take 1 working day and the renewal process another 3 working days. Contacting us 5 working days before the COE expiry date will enable us to process your loan smoothly.


It is important to ensure your car is in good condition before you renew its COE. A Pre-COE Inspection is a general inspection where the parts being checked include the car’s exterior and interior, as well as its engine, electrical parts, transmission and brakes.

The whole inspection will take less than 30 minutes and it is a complimentary service from us when you decide to obtain your COE renewal loan through us


Get in Touch

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