How does renewing COE to a weekend car work?
Am thinking of purchasing a used car with a short duration and renewing COE to a weekend car/revised off peak vehicle to save costs. Would I still need to bid for the COE first? And how are the steps for it?
Posted Nov 23, 2021, 12:29 AM UTC
14
No need to bid for anything. Just pay pqp online.
https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/coe-renewal.html#Renew_COE
You can find the pqp rates through the link, and pay there.
Suggest you buy a car with more than 6 mths left on its existing coe. Drive it around for a bit and confirm that it isn't a clunker before renewing. If it is, scrap it and claim parf if it will cost too much to fix.
Thanks for the reply! So if I renew COE it will be at the previous COE rate and not bid for a new price? Or did i misunderstand?
EDIT: Ohhh i just saw the rate for PQP
Average price over the last 3 round or 3 months can't remember. Be aware that if you renew for 5 years, you cannot do another round of Coe renewal for the same car. But if you do a renewal for 10 years yes you can renew another time after 10 years
Oohh okay! What about the weekend car part? Do I get rebates or how does that work?