COEs for Off-Peak Automobiles OPC may also be renewed. The PQP will be as that of a car. No COE rebates are offered for OPC. The PQP is calculated based on the moving average of the QP in the previous 3 months. For all vehicle categories, the COE may be renewed for a period of 10 or 5 decades. COEs that have been renewed for a period of 5 years will need to be de-registered as soon as they expire and are not eligible for another renewal. There is absolutely no limit to the amount of occasions for renewal. With The present COE for an all-time high, very few will decide to have their COE renewed. However, it is not unusual for auto enthusiasts to maintain their precious and rare cars for at least 10 years when the model is in production.
So your car is approaching the end of the 10 year lifespan you do. You have the options of either scratching or exporting it, or renewing your Certificate of Entitlement COE to prolong the life of your vehicle. It is a Piece of cake. There is absolutely not any requirement for you. You may elect to renew your automobile for another 10 years or go for a 5-year term. Your car May also be given a new, albeit shorter, rental by opting to renew COE for a 5-year basis. You will need to cover 50 percent of the PQP. Such a certification is non-renewable entailing you need to de-register the vehicle upon the expiry of this COE. Do notice that No matter your choice, if the COE expiry date not renews the COE, the vehicle will be de-registered. The Internet service is available daily. It Takes an Internet Banking Account with Citibank OCBC/Plus! or UOB. For deduction of pqp coe, please be certain the payment amount is within the online payment limit and there is adequate fund in the accounts. For the entire program, Payment stations have to be received by the Land Transport Authority within 1 month following the expiration of the COE.