How much does it cost to renew my COE for 5 years?

A 5-year COE renewal costs 50% of the Prevailing Quota Premium (PQP). Using the September 2026 PQP, that is $63,104 for Cat A and $64,349 for Cat B. Note: a 5-year renewal for cars cannot be extended again — the vehicle must be deregistered at the end.

Is it cheaper to rent or lease a car than to buy one in Singapore?

With Cat A above $128,000, total ownership of a typical small car costs roughly $2,000–$2,600 per month over 10 years. Long-term leasing (from ~$1,600/month all-in) or car-sharing (pay per use) is often cheaper for drivers who travel under 15,000 km a year.

Singapore COE Prices — Live Results, Trends & Calculators - Latest COE Prices & Vehicle News Around the World

Q: What is the current COE price in Singapore?

As of the 19 August 2026 bidding exercise, Cat A (smaller cars) closed at $128,501, Cat B (larger cars) at $131,001, Cat C (goods vehicles & buses) at $90,002, Cat D (motorcycles) at $11,301 and Cat E (open) at $135,000. The next tender closes on 9 September 2026.

01 — Tools

The four sums every owner does.

Live PQP and MAS loan rules built in. No sign-up, no spreadsheet, no guessing.

COE renewal cost

Vehicle category

Renewal period

You pay LTA

$126,208

10-year renewal at the September 2026 PQP.

Effective cost / month	$1,052
Effective cost / day	$34.58

Car loan repayment

Car price (S$)

Open Market Value

Interest rate (flat, % p.a.)

Tenure (years, max 7)

Monthly instalment

$1,280

Based on the MAS maximum loan.

Max loan (MAS rule)	$90,000
Downpayment needed	$60,000
Total interest	$17,514

Depreciation & PARF rebate

When was the car’s COE obtained? (Budget 2026 changed this)

Purchase price (S$)

ARF paid (S$)

Age when deregistered

Years you will own it

Annual depreciation

$13,500

The real cost of the car per year, after your PARF rebate.

PARF rebate (50% of ARF, $60k cap)	$15,000
Total depreciation	$135,000
Per month	$1,125

Own vs rent vs share

Car price incl. COE (S$)

Resale / scrap value after 10 yrs (S$)

Insurance + road tax / year (S$)

Fuel + parking + maintenance / month (S$)

Owning costs you

$2,025 / mo

Averaged over 10 years of ownership.

Long-term lease (all-in, from)	$1,600 / mo
Car sharing, 12 days / mo (est.)	$900 / mo
Your break-even vs leasing	—

Switch to EV or hybrid

Switching to

Your mileage (km / year)

Current car efficiency (km / litre)

Petrol price ($ / litre, 95-octane)

EV consumption (kWh / 100 km)

Electricity price ($ / kWh — ~0.30 home, ~0.60 public DC)

Fuel savings by switching

$217 / mo

Energy cost only — before rebates below.

Petrol cost / year	$4,213
EV energy cost / year	$960
2026 EV rebates (EEAI + VES, up to)	$30,000

EEAI: 45% off ARF, capped $7,500 — ends 31 Dec 2026, final year. VES Band A1: up to $22,500 (fully-electric only; hybrids no longer qualify from 2026). EVs pay a $700/yr flat road-tax component.

03 — Answers

Asked every bidding week.

What is the current COE price in Singapore?

As of the 19 August 2026 exercise: Cat A $128,501, Cat B $131,001, Cat C $90,002, Cat D $11,301 and Cat E $135,000. The next tender closes on Wednesday, 9 September 2026 at 4pm.

How much does it cost to renew a COE for 5 years?

Exactly half the Prevailing Quota Premium. At the September 2026 PQP that is $63,104 for Cat A and $64,349 for Cat B — but a 5-year renewal on a car cannot be extended again, so the vehicle must be deregistered when it ends.

Why did COE prices rise in August 2026?

The Aug–Oct quota gave Cat A about 4% fewer certificates while demand held firm, and the second August exercise coincided with pent-up bids after the earlier dip — Cat A jumped $4,611 to $128,501 and Cat E hit $135,000.

Is leasing cheaper than buying now?

Often, yes. A typical Cat A car now costs about $2,000–$2,600 a month to own over 10 years once depreciation, interest, insurance and running costs are counted. All-in leases start around $1,600 a month, and car sharing is far less if you drive occasionally. Run your numbers in the calculator above.

How did Budget 2026 change the PARF rebate?

For cars registered with COEs obtained from the second February 2026 bidding onwards, the PARF rebate was cut sharply: a car deregistered before 5 years old now gets back 30% of its ARF (down from 75%), sliding to 5% at 9–10 years (down from 50%), and the cap fell from $60,000 to $30,000. Cars registered before 13 February 2026 keep the old schedule. Use the depreciation calculator above — it supports both.

What EV rebates are still available in 2026?

2026 is the final year of the EV Early Adoption Incentive: 45% off the ARF, capped at $7,500, ending 31 December 2026. Fully-electric cars in VES Band A1 also get up to $22,500 — combined savings up to $30,000. Hybrids no longer receive VES rebates from 2026.

When is the next COE bidding exercise?

Bidding opens Monday, 7 September 2026 at 12pm and closes Wednesday, 9 September 2026 at 4pm — a three-week gap after the 19 August exercise, per LTA’s 2026 schedule. Results appear here minutes after close.

Singapore COE prices, without the noise.

Quota Premiums — All Categories