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Hi, I am asking the questions on behalf of my dad and I am a total noob in this area. Appreciate if anyone can shed some advice. Thanks. My Dad's ride is a OPC Latio sedan (4AT) whom COE will be expiring in Oct 2016. He took the 10 years loan and his car parf value is about 4.9K. Due to my mom's medical condition that required the car, he is looking into renewing his COE for another 5 years. The current condition of his car is tip top, mileage is super low as well. Qns: - If he get a COE renewal loan, how much cash he has to down? I am assuming that under the new MAS ruling, he will not be able to loan full amount. I read elsewhere that finance company is able to loan up to 80% while banks is about 60%? - Also, the loan prepayment period is max at 3 years for 5 years COE renewal? - Is the road tax and insurance going to cost the same regardless if his car is OPC or non OPC after renewing his coe? I read that it is more worthwhile to convert back to normal plate before renewing coe. Or is it more worthwhile for him to trade in to Tan Chong Motors and get a new OPC Almera?

Hi, I have a question pertaining to renewal of COE for commercial vehicle and the lifespan expiry date of the vehicle. Scenario : The commercial van's COE is expriing in Mar 2017 (van registered in Nov 1998, COE was renewed once in Mar 2007 for 10 years). The lifespan expiry date is Nov 2018. If I renew the COE in Mar 2017 by 5 years with the lifespan expiring in Nov 2018, it will mean that I must deregister the vehicle by Nov 2018. Question: 1. Can I renew the COE given that the lifespan expiry date is in Nov 2018? 2. In this case, does LTA refund back the unused portion of the COE to me upon deregistration? 3. Is it worthwhile to do so? The condition of the van is very good and it is a waste to scrap in Mar 2017. Appreciate feedback from fellow members here. I understand can call LTA hotline to check, but it is always good to hear out different opinions. Thanks !