You must renew your COE before the COE expires or your vehicle might be deregistered and disposed of.
You can renew your COE for a period of five or 10 years, depending on your vehicle category and lifespan.
Do note that if your COE is expired but it’s still within one month of its expiry date, you may still renew your COE online with a late payment fee on top of the Prevailing Quota Premium (PQP).
Make sure you have sufficient money in your bank account and that your payment limit can support the amount you need to pay!
Understanding COE
All vehicles in Singapore require a COE. To register a vehicle, you must first place a bid for a Certificate of Entitlement (COE) in the corresponding vehicle category. A successful COE bid gives you the right to own a vehicle that can be used on the road for 10 years.
COEs are released through open bidding exercises conducted twice a month. You can submit your bid at ATM machines (for individuals) or via Internet banking (for corporate account holders). At the end of the 10-year COE period, you can choose to deregister your vehicle, or renew your COE by paying the Prevailing Quota Premium (PQP) for your vehicle category. The PQP is the moving average of COE prices in the last 3 months.
Open bidding exercises
Bidding exercises usually start at 12 pm on the first and third Monday of the month, and last for 3 working days. The exercises end in the same week, at 4 pm on Wednesday, if there is no public holiday in between.
Before the start of each bidding exercise, the bidding period and the number of COEs available for each category (the vehicle quota) will be announced.
See the results for past bidding exercises, and see the schedule of COE bidding exercises for 2022 (PDF, 60kB).
Vehicle Quota System (VQS)
The Vehicle Quota System (VQS) caps the number of new vehicles that can be registered in Singapore. This helps to control the vehicle population in Singapore given the limited road space. Together with Electronic Road Pricing (ERP), the VQS is one of the key pillars in our traffic management strategies.