Extend COE or not?

We are here to help.

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.

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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.

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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.

Register Now
 

Terms & Conditions

  • Promotion is applicable to DirectAsia policyholders with model year 2006 or 2007 vehicles that have Certificates of Entitlement (COE’s) scheduled to expire within the current policy period.
  • Promotion is available to DirectAsia policyholders who purchase a new DirectAsia car insurance policy within 90 days of their policy cancellation, or who extend their COE and renew their existing DirectAsia car insurance policy at the same time.
  • Promotion is applicable only to customers who purchase a car insurance policy which is for a minimum of 12 months (365 days).
  • The reward of Petrol Vouchers for qualifying policyholders is as follows:
      And purchase the following car insurance plan
    Comprehensive Third Party Fire & Theft Third Party Only
     Replace your existing vehicle and insure the new vehicle with DirectAsia  $150  $75  $50
     Renew the COE for your existing vehicle and renew your car insurance with DirectAsia  $125 *  $75  $50
    * To renew comprehensive car insurance for a vehicle that is 10 years or older, please call 6603 3678 and speak with one of our friendly Customer Care Specialists.
  • We reserve the right to accept or reject any application for car insurance at our absolute discretion.
  • The Petrol Vouchers will be delivered via registered post within 90 days of the policy start date.
  • DirectAsia reserves the right to substitute equal value prizes for Petrol Vouchers at our discretion.
  • If the DirectAsia car insurance policy is cancelled by the policyholder at any time within 3 months of the policy inception for whatever reason, DirectAsia reserves the right to deduct the value of the Petrol Vouchers given from the refund premium allowed under the policy, if any.
  • The Petrol Vouchers are not transferable or exchangeable for cash or credit. There is no replacement for any misplaced Petrol Vouchers.
  • The terms of this promotion and these terms and conditions may be amended by DirectAsia at any time without notice to the customer.
  • DirectAsia Singapore car insurance is currently available only to residents of Singapore.
Have questions?

Speak with us directly at 6665 5555 or provide your details and we’ll call you.

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DirectAsia Insurance Singapore is a member of the DirectAsia group of companies.
Reinsured by Munich Re, one of the world's leading reinsurers.