A quick guide for your car approaching 10 years old
Can't decide to sell, scrap, sell or extend?
In Singapore, your car must be de-registered after 10 years unless you pay to renew your Certificate of Entitlement (COE) . There are benefits to both choices and DirectAsia offers simple steps to help you navigate the process and feel in control of your choices. Plus we have a special limited time offer for loyal DirectAsia customers who face this decision.
Option 1: De-Register Your Car
A car owner is responsible for the de-registration and proper disposal of the de-registered vehicle. The de-registered car must either be scrapped or sold for export. Proof of disposal of the de-registered vehicle must be submitted to the LTA.
De-Registering or Scrapping?
It pays to investigate both choices to maximize the residual value in your car. Singapore Government has provided information on how to de-register and dispose of a vehicle.
sgCarMart offers a Scrap and Export service – the first online car auction platform in Singapore and the official vehicle auction platform for several government agencies - Land Transport Authority (LTA), the National Environment Agency (NEA) and Singapore Customs.
Whichever you choose, you will need to submit to the LTA proof of disposal of your de-registered vehicle.
Selling and Buying Tips – How To Get Ahead
Buying a replacement car?
Continue insure with DirectAsia and receive up to $150 Petrol Vouchers with your comprehensive car insurance.
Option 2: Extend your COE
If you want to continue using your car after 10 years, the car’s COE must be renewed and the cost will depend on the Prevailing Quota Premium (PQP). Once your car is de-registered, any COE rebate will be available at this time.
PARF, COE and PQP made simple – explaining these terms
Extending your COE?
Renew your comprehensive car insurance with DirectAsia and receive up to $125 Petrol Vouchers.