Renewing COE when?

Soomp!

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My coe expires on 31 Jan 2025

Should I renew now or wait till next month then I renew ?
 

hachi

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Mine mid Mar? How? After the first bidding of Mar then renew?
 

Yowe55 mini

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Dear all,

Can someone share the procedure and process in

1. Scrapping car
2. COE renewal

Confidence for the future. More good years ahead...Let us take Singapore forward together.
Thank you.
 

madcampus

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Don't see a big difference whether you renew now or next month..
If renew earlier, you will forgo the remaining months/years. Imagine renew 1 year ahead, you lose that 1 year you already paid-COE.
 

madcampus

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I see your point - valid. But seems that ts COE expiring next week..
COE expiring next week then you renew anytime now base on current PQP. Your new COE will start when the old one expired. Or are you thinking of waiting for the PQP to drop further then renew?? That's a no no. Some ppl think can put expired COE-car in dormant state until PQP drop immensely - doesn't work that way.
 

inf|uencer

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If you renew your Certificate of Entitlement (COE) in Singapore after its expiration date, you'll have to pay a late renewal fee and the Prevailing Quota Premium (PQP) for the month your COE expired. You'll also be charged late road tax.
Consequences
Your vehicle will be automatically deregistered and you won't be able to drive it until you renew your COE
If you don't renew your COE within one month of its expiration, you'll have to dispose of your vehicle
Late renewal fees
The late renewal fee depends on the type of vehicle you own
For example, the late renewal fee for a motorcycle is $50, while the late renewal fee for a private motor car over 3,000cc is $250
When to renew your COE
You should renew your COE on or before its expiration date to avoid late fees
You can renew your COE by post, but you should do so at least two weeks before it expires
What to do with your expired COE
You can scrap your vehicle or revalidate your COE for another 5 to 10 years
 
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