Car prices in Singapore seem to be heading only in one direction these days — upwards, prompting car owners to seek alternative ways to moderate the cost of owning a car. One option is to continue driving your car for as long as it is safe to do so, but in order to do that, you’ll have to renew your COE.

Understanding COE Renewal

Why Do You Need to Renew Your COE?

Private cars in Singapore are only allowed to be legally driven on the roads for a maximum of 10 years — that’s the validity period of the Certificate of Entitlement (COE). Hence, if you wish to continue driving that same car after the 10-year limit is up, you will need to renew your COE. COE renewals come in two versions — a five-year renewal, or a 10-year renewal. Besides the duration, there’s also...