Renewing your Certificate of Entitlement (COE) is a significant financial decision for Singapore vehicle owners. This comprehensive guide walks you through everything you need to know about the COE renewal process in 2026.
Understanding COE Renewal
When your COE expires after 10 years, you have three options: renew for another 5 or 10 years, deregister the vehicle, or export it. The renewal cost is based on the Prevailing Quota Premium (PQP), which is the 3-month moving average of COE prices.
5-Year vs 10-Year Renewal
The choice between 5-year and 10-year renewal depends on several factors including the vehicle age, condition, and your long-term plans. A 5-year renewal costs 50% of the PQP and is suitable for older vehicles. A 10-year renewal costs the full PQP and provides better value per year for newer vehicles.
The Renewal Process
- Check your COE expiry date on LTA OneMotoring
- Decide on 5-year or 10-year renewal
- Arrange financing (COE Plus can help)
- Submit renewal application to LTA
- Pay the COE renewal fee
- Receive updated vehicle registration
Financing Your COE Renewal
Most vehicle owners finance their COE renewal through a bank loan. COE Plus helps you compare rates from 15+ banks and finance companies to find the best deal. Our service is completely free.
COE Renewal Calculator
Estimate your renewal cost & monthly repayments
