Last reviewed: June 2026
COE renewal process in Singapore.
Prepare early, confirm your PQP timing, gather your documents, and understand where financing support helps before the renewal deadline gets close.
Start your COE renewal process early. COE renewal gets harder when you are rushing, unclear about the PQP timing, or trying to compare lender options at the last minute. A calm, earlier review leads to better decisions.
Every COE in Singapore has a 10-year validity period starting from the vehicle's registration date. As the 10-year mark approaches, you need to decide whether to extend the COE or deregister the vehicle. LTA allows COE renewal applications up to 3 months before the expiry date, and you can also renew up to 1 month after expiry (subject to late renewal fees).
The cost of renewal depends on the Prevailing Quota Premium (PQP) for your vehicle category at the time of renewal. PQP is calculated by LTA as a 3-month moving average of COE prices, making it more stable than weekly bidding prices but still subject to market trends.
LTA's OneMotoring guidance says a 5-year COE renewal requires payment of 50% of the PQP, while a 10-year renewal requires payment of the full PQP for the vehicle category. That means the funding need is very different depending on which renewal path you choose.
| Factor | 5-Year Renewal | 10-Year Renewal |
|---|---|---|
| Cost (Cat A at S$92,000 PQP) | ~S$46,000 | ~S$92,000 |
| Monthly Repayment (36-mo loan) | ~S$1,360–S$1,470 | ~S$2,720–S$2,940 |
| Vehicle Commitment | 5 more years (less certain) | 10 more years (larger commitment) |
| Best For | Older vehicles, uncertain plans | Well-maintained vehicles, long-term ownership |
- Check your COE expiry date on OneMotoring (LTA's portal).
- Review the current PQP for your vehicle category and decide between 5-year and 10-year renewal.
- Assess your vehicle condition — is it worth investing in another 5-10 years of ownership?
- Gather your documents: NRIC, vehicle log card, and income documents if financing is needed.
- Compare financing options through a broker or approach lenders directly.
- Select an offer, finalise the loan, and complete the LTA renewal process.
If paying the full renewal cost upfront is difficult, financing helps spread the cost over time. COE loans are typically secured against the vehicle and repaid over 24-60 months. The most important step is comparing the repayment structure clearly before you commit.
Through CoeLoans, you submit one enquiry form and we match you with lending partners suited to your renewal scenario. There is no charge for this service.
To help you visualise how renewal costs apply to your situation, here are three common scenarios based on mid-2026 PQP levels:
| Scenario | Vehicle Category | Renewal Term | Estimated Cost |
|---|---|---|---|
| Small car, limited remaining life | Cat A (PQP ~S$92,000) | 5-year | ~S$46,000 |
| Luxury sedan, well-maintained | Cat B (PQP ~S$108,000) | 10-year | ~S$108,000 |
| Commercial van, business use | Cat C (PQP ~S$71,000) | 5-year | ~S$35,500 |
- Waiting too long to check the expiry date and financing timeline — leaving only days to compare options.
- Focusing only on the immediate payment pressure instead of the full quote structure (repayment term, total cost, early settlement conditions).
- Comparing offers without checking repayment term, lender identity, and early-settlement conditions together.
- Proceeding before they feel comfortable with the process because the deadline feels close.
- Not verifying the lender independently before accepting the loan (use the Registry of Moneylenders).
If you decide to finance your COE renewal, most lenders will request a standard set of documents. Preparing these in advance helps the process move faster:
- NRIC (Singapore citizens and PRs) or Passport + Employment Pass (foreigners).
- Vehicle log card showing current COE expiry date and vehicle details.
- Income documents: 3 months of payslips, CPF contribution history, and latest IRAS Notice of Assessment.
- Bank statements from the last 3-6 months showing your financial position.
- Proof of address — recent utility bill or tenancy agreement.