What happen to your car's paper when your car driven past its 10th year

[brosiss]

Hi Guys,

I know must bid for new 10 year COE. When must bid the new COE and how? Can bid individually or thru a car dealer or agent? So the paper gone, left the scrap value? Or can get paper rebate from LTA?

Anyone who driven his/her car past its 10th year? Pls feel free to share.

Cheers..

 

[cwong2910]

Re: What happen to your car's paper when your car driven past its 10th year

Nowadays most vehicular transactions can DIY.

Deregister vehicle
ONE.MOTORING - De-register

Renew COE
ONE.MOTORING - Renew COE

 

[Racebred]

Re: What happen to your car's paper when your car driven past its 10th year

you can bid for new COE at any time. Depending on COE movements sometimes it's cheaper to forgo some months from the old COE and get a new one. This was true prior to March this year, but not applicable now. So you might as well get the COE that coincides with the ending of your current one. Once the car passes its 10th birthday, all PARF disappears. If you have a total loss case and you only get 3rd party insurance, all you have left is your COE.

 

[longhorn]

Re: What happen to your car's paper when your car driven past its 10th year

technically there is no need to "bid" for a COE. You just proceed to pay the PQP. Below is info from sgcarmart:


"

What does "Prevailing Quota Premium" mean?

01-Sep-2007 | Text and photos by Sylvia Tee | Category: Car Buying AdviceViewed : 18,151 times

What does "Prevailing Quota Premium" (PQP) mean?


In Singapore, all vehicles require a Certificate of Entitlement (COE). The price of the COE for a particular vehicle is termed the “Quota Premium” (QP). You may also have encountered the term “Prevailing Quota Premium” (PQP). What does this term mean and how is it different from the QP?

The term PQP refers to the amount required to extend or renew the COE for a vehicle already in use. Unlike buying a new vehicle, one does not need to bid for COE when buying a used vehicle; instead, all you need to do is to pay the PQP and the COE will be extended or renewed.

COEs for Off-Peak Cars (OPC) can also be renewed. In such cases, the PQP will be of the same value as that of a normal car. No COE rebates are available for OPC during renewal.

The PQP is calculated based on the moving average of the QP in the last 3 months. For all vehicle categories, the COE may be renewed for a period of either 5 or 10 years. COEs which have been renewed for a period of 5 years are not eligible for another renewal and will have to be de-registered after they expire. Otherwise, there is no limit to the number of times for renewal. "

 

[Racebred]

Re: What happen to your car's paper when your car driven past its 10th year

yes sorry, typo. You just buy it. You can do it online at onemotoring, provided you have enabled your online banking transact limit to cover the current cost now.