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COE renewal question


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If my coe expire on 30th april, can I wait the 2nd April coe bidding to finish and use this latest pqp?

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If my coe expire on 30th april, can I wait the 2nd April coe bidding to finish and use this latest pqp?

what car and how many years to renew?
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If my coe expire on 30th april, can I wait the 2nd April coe bidding to finish and use this latest pqp?

You can either use April PQP or May PQP when the 2nd bidding is out, then depend on the best price. Either way, your new COE will start from 1 May.
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(edited)

If my coe expire on 30th april, can I wait the 2nd April coe bidding to finish and use this latest pqp?

 

You cant although u can renew it in May as there is grace period but the PQP will still based on Apr which is $40881 for Cat B.

 

https://www.onemotoring.com.sg/content/onemotoring/en/lta_information_guidelines/maintain_vehicle/coe1.html

Edited by Net1sg1969
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You can either use April PQP or May PQP when the 2nd bidding is out, then depend on the best price. Either way, your new COE will start from 1 May.

it seems this advice is not correct based on1st sentence of bullet point 3... 

 

 

You do not need to bid for a COE for COE renewal. To renew the COE for your existing vehicle for another 10 years, pay the Prevailing Quota Premium (PQP). To renew the COE for another 5 years, pay 50% of the PQP

 

  • If you wish to keep your vehicle registered beyond its current COE expiry date, you will need to renew the COE by paying the applicable PQP for your vehicle. If the COE is not renewed by the current COE expiry date, the vehicle will be de-registered.
  • The PQP is the moving average of the COE prices (QPs) in the last 3 months. The PQP varies from month to month. Click here for the PQP rates.
  • If the application for renewal of COE is made in the month of the COE expiry or after the COE expiry date (within the 1-month grace period with payment of late fees), the PQP rate for the month of COE expiry shall be payable. Upon renewal, the new COE will commence on the next day after the current COE expiry date. If the COE renewal is made prior to the current COE expiry month, the PQP payable shall be the rate applicable at the point of the renewal of the COE. Upon renewal, the new COE will commence from the 1st of the following month from the PQP month and the balance of the current COE will be forfeited.
  • Upon the COE renewal, any COE rebate arising from any lay-up period during the COE validity period will be forfeited.
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Turbocharged

My car is OPC,if i pay PQP is it the full amount or $17,000 lesser.?

Full amount. No more $17000 discount. Only benefit of keeping it OPC beyond 10 years is the lesser road tax. So no point, might as well convert to black plate.
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Turbocharged

You can either use April PQP or May PQP when the 2nd bidding is out, then depend on the best price. Either way, your new COE will start from 1 May.

 

if expired in April I think he can only use latest April COE even if he wants to renew in May. 

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Twincharged

Full amount. No more $17000 discount. Only benefit of keeping it OPC beyond 10 years is the lesser road tax. So no point, might as well convert to black plate.

Only find out OPC is a "Scam",my Scrap Value is reduced,because of low COE in 2009,now only can get $12,500 in PARF,while the Normal Plate of my model,gets $24,500.[based on OMV of $49,000]. [thumbsdown]  [furious]  [bigcry]

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Turbocharged

Only find out OPC is a "Scam",my Scrap Value is reduced,because of low COE in 2009,now only can get $12,500 in PARF,while the Normal Plate of my model,gets $24,500.[based on OMV of $49,000]. [thumbsdown][furious][bigcry]

How low was your COE? I remembered 9 years ago not all OPC got the full $17k discount as COE + PARF was less than 17k.
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Twincharged

How low was your COE? I remembered 9 years ago not all OPC got the full $17k discount as COE + PARF was less than 17k.

$5,500....March 2009.

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Only find out OPC is a "Scam",my Scrap Value is reduced,because of low COE in 2009,now only can get $12,500 in PARF,while the Normal Plate of my model,gets $24,500.[based on OMV of $49,000]. [thumbsdown][furious][bigcry]

It's not a scam. You should have found out more about it when you decided to go for OPC.
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Only find out OPC is a "Scam",my Scrap Value is reduced,because of low COE in 2009,now only can get $12,500 in PARF,while the Normal Plate of my model,gets $24,500.[based on OMV of $49,000]. [thumbsdown][furious][bigcry]

It's not a scam. You should have found out more about it when you decided to go for OPC.
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