What is COE?

The listed COE value is that of original value of the COE when first registered.

The COE is otherwise known as the Certificate of entitlement. It is an amount that you pay the Land Transport Authority (LTA) for registering your car in Singapore for local use.

The COE system is essentially a vehicle quota system by the Singapore government to regulate the number of vehicles on the roads. Under this system, the LTA determines the number of new vehicles allowed for registration while the market determines the price of owning a vehicle.

If the vehicle is de-registered before its COE expires, the registered owner may be granted a rebate on the Quota Premium (QP) which he has paid. The rebate is pro-rated to the number of months and days remaining on the vehicle's COE.

Effective from 1 September 2008, you may use the COE rebate to exchange for cash at LTA. Do note that processing time is typically a few weeks.