The renewal price for COE is known as PQP (Prevailing Quota Payable). In this guide, we are going to help you understand a few things about coe pqp renewal. Stay to the article details right below.
Is it possible to COE after expiry?
Yes, after the COE expires, you can still renew it for up to one month. However, during this one month, you need to decide if you want to scrap or export, or renew the vehicle. Also, you will have to pay the late road tax amount if you pay the COE after its expiry date. Thus, it is recommended you pay the COE before it expires.
Is there an installment system for COE renewal?
Unfortunately, you will not be able to pay COE in installments. But you can use COE renewal loans and go ahead with your payment. You will have to check and verify those companies that provide customers with such type of a loan. For further details on the loan amount or the application, you will need to get in touch with the loan service provider. Also, ensure you take a loan within your limits so that you do not have to stress about repayment.
Can you renew COE early?
Yes. You have the chance to pay the COE early and, in some situations, it might also be beneficial to do so. You will be able to save money if you decide to renew the COE before it expires. You can get in touch with a consultant and inquire about the early payment if you are facing any hassles.