COE Expiring Soon? Let Us Help You
with $0 ADMIN FEE. Interest from 2.88%!*
Is your COE about to expire? NB Auto offers affordable COE financing with low interest rates to make your renewal process seamless. Plus, enjoy $0 admin fee when you apply for a COE renewal loan! Let us help you stay on the road with easy, affordable solutions. Apply now and get the support you need!
Low Interest
$0 Admin Fee
Instant Loan Approval
Up to 7 Years Loan Tenure
Up to 100% Financing
What is the Certificate of Entitlement (COE) and Prevailing Quota Premium (PQP)?
The Certificate of Entitlement (COE) grants the right to own a vehicle and use it on the road for a period of 10 years. After this period, vehicle owners have the option to either scrap their car or renew their COE for an additional 5 or 10 years by paying a premium, known as the Prevailing Quota Premium (PQP).
The PQP fluctuates based on the average COE prices over a 3-month period. It applies across various car classification categories, including A, B, C, D, and E. The premium varies monthly, with the most current premium being published by the Land Transport Authority (LTA) at the end of each COE Bidding Exercise.
What are the key considerations for COE Renewal?
If you wish to renew your car’s COE, there’s no need to bid for a new one. You simply need to pay the Prevailing Quota Premium (PQP), and we can assist you with securing a 100% loan at an interest rate as low as 2.78%.
Please note that once you renew your car’s COE, you will forfeit the PARF rebate.
It’s important to renew your COE before it expires. We recommend submitting your loan application at least 4-6 weeks before the expiry date. Although you can still renew your COE up to 1 month after it expires, a late renewal fee will apply.
