Hi all, my car is reaching its 10 year mark soon, and I am seriously considering renewing the COE for 5 years. Reason being the car is still generally in good running condition with regular preventive maintenance done. I have worked out the math and seems like renewing is the best option for me right now (with a reasonable PQP, hopefully).
Only 1 big question is this: Assuming I renew for 5 years, lets say I decide to scrap the car after 3 years, do I get back the balance pro-rated 2 years of unused COE?
I searched around and only got the info for 10 years renewal. Would appreciate if any one has knowledge/experience in this matter for 5 year renewal... Thank u!
Only 1 big question is this: Assuming I renew for 5 years, lets say I decide to scrap the car after 3 years, do I get back the balance pro-rated 2 years of unused COE?
I searched around and only got the info for 10 years renewal. Would appreciate if any one has knowledge/experience in this matter for 5 year renewal... Thank u!