Renew your COE
Considering keeping your current car? We can help you understand the renewal options and what to consider before committing.
Renew your COE
or finance your next car.
Whether you are keeping your current car or moving on to another one, PRM Group can help you understand your COE renewal and car financing options before you decide.
Where to start.
We sell cars and we see them come back, so we watch both outcomes play out.
Finance your next car
Looking at another vehicle? Speak to us about the financing options available and what you may need upfront.
Not sure which makes more sense?
Compare the practical considerations of renewing your current car against moving on to something different.
Start with the numbers.
Before deciding, it helps to understand what each option could mean for you.
COE renewal
- Remaining COE
- Renewal period
- Car age and condition
- Long-term ownership considerations
Car financing
- Purchase price
- Downpayment
- Loan amount
- Repayment period
- Estimated monthly commitment
How PRM can help.
1. Tell us your situation
Your current car, the car you are considering, your budget and what you are trying to decide.
2. Understand your options
We help you look at the relevant COE and financing considerations.
3. Decide what works for you
You can then choose whether to renew, replace or finance your next car.
Frequently asked questions.
Should I renew my COE or change to another car?
There is no single answer for every car. It can depend on the renewal cost, your car’s age and condition, how long you intend to keep it and the cost of moving to another vehicle. PRM can help you talk through the options before you decide.
What is the difference between a 5-year and 10-year COE renewal?
For eligible cars, a 5-year renewal requires 50% of the applicable Prevailing Quota Premium (PQP), while a 10-year renewal requires the full PQP. For Category A and B cars, a 5-year COE renewal can only be done once, while a 10-year renewal can be renewed again later.
How is the cost of renewing my COE calculated?
COE renewal is based on the Prevailing Quota Premium (PQP) for your vehicle category. The PQP is calculated from the moving average of COE premiums over the previous three months of bidding exercises and changes monthly.
Can PRM help with my COE renewal?
Yes. Share your vehicle details and COE expiry with our team and we can help you understand the renewal options available and what to consider before proceeding.
COE rules and the Prevailing Quota Premium are set by the Land Transport Authority and change over time. Check onemotoring.lta.gov.sg for the current position, or ask us and we will go through it with you.
Related services.
Buy a car
If replacing is the answer, we can look for the next one.
Sell or consign
Move the current car on outright, or keep driving while it sells.
All services
Everything else the group covers once the car is yours.
Renew your COE,
or finance your next car?
Share your car details and what you are considering. We can talk you through your COE renewal and car financing options, so you have a clearer idea of what works for you.