Here's everything you need to know about COE Renewal in Singapore. Renew for 5 or 10 years? Taking the best COE renewal loan, when to renew your COE and more.
Sgcarmart Connect is offering up to $750 worth of rewards for all those that renew the COE on their vehicle and sign up for a new KINTO One membership!
Car COE revalidations which allow motorists to keep their wheels beyond 10 years by paying a prevailing quota premium were more than halved in May to 3,282.
SPARK Car Care is offering a free health check for cars due for COE renewal, giving car owners a detailed assessment on their car's condition.
The number of motorists who chose to hang on to their old cars instead of buying new ones jumped to more than 17,000 in the first three months of this year.
With the relatively low car COE premiums, the lifespan of 37,114 cars were extended last year, 20% more than previous peak in 2017.
The Government is tightening its grip on vehicle emissions standards and has increased inspection fees by as much as 10%, with effect from 1st April.
Tougher vehicle inspection standards will kick in on 1st April, in a bid to discourage vehicle owners from keeping their vehicles beyond 10 years.
More people are choosing to keep their vehicles beyond 10 years, with COE revalidations in the first five months of this year hitting a new high.
The Land Transport Authority has released data showing last year's record of 44,303 vehicles being revalidated, which exceeds the 33,339 record in 2007.
In 2006, COEs for small cars ranged between $8,000 and $13,000; the COE premium was $48,000 at the recent tender exercise that ended earlier this month.
The number of small car owners renewing their COEs hit a new high last month, with the majority going for a five-year extension.
Interest in the new car segment has increased significantly in the past month - particularly for models under the COE Category A segment.