COE Financing

Renew your car’s COE from as low as 2.98%* with VINCAR

We offer financing plans for new and used passenger and commercial vehicles, GRAB vehicles and refinancing.

Why choose VINCAR?

  • Over 2,248++ COE Loans Approved to date
  • 99% Approval within 24 Hours
  • Flexible In-House Financing
  • Partnered with MAS Regulated Banks & Financial Institutions
  • Public Listed Company – Established since 1989 (30 Years)

*Terms & Conditions Apply

We can help you make the right, informed decisions on extending the life of your vehicle. Drop us an inquiry below, or simply call our Financing Specialist team members below.

Submit your inquiry below

COE Financing Specialist

Call 8813 – 1119 | WhatsApp

COE Financing - Frequently Asked Questions(FAQ)

Frequently Asked Questions

What are the requirements in order to get a COE Renewal Loan?

You must be 21 and above of age and are Singapore Citizens or Permanent Residents.

How much does it cost to renew my COE?

The cost of COE renewal is based on the Prevailing Quota Premium (PQP) (LINK TO INTERNAL TABLE) from last month bidding result. For example it you intend to renew in May 2018, the cost will be based on May 2018 Renewal PQP results.

PQP is a moving average of the Quota Premium (QP) over the last 3 months.

What do I need to get ready for the COE Loan application?

  • NRIC
  • Vehicle Registration Card or Car Number

What are the next steps after I submit the Form?

Our team will email you the necessary forms and instructions for you to fill up, along with more detailed information of the renewal process.

Typically with all documents in order, the loan approval period takes 1 to 3 working days and renewal can be done on the same day on approval.

Status updates and experienced help will be available through out the process.

What is the longest COE Loan Repayment Term I can take?

For a 5 year COE renewal, the maximum loan repayment term is 5 years. For a 10 year COE renewal, the maximum loan repayment term is 7 years.

When is the best time to renew my COE before the current one expires?

You should renew COE at least 2 weeks before the current one expires. Allow 3 to 5 working days for the renewal process to complete.

What happens if my current COE has already expired?

You can still renew COE as long as your current one does not exceed 1 month from the date of expiry at a late payment fee from $50-$250 depending on engine capacity. For more information please go to the official source of information here:

Is there anything to lose from renewing my COE?

When you choose to renew your COE, you will lose the benefit of getting your car’s PARF rebate. The annual cost of ownership is (Final PARF Rebate forfeited + Renewed COE PQP) / number of years.

Terms & Conditions

1) To receive a quote, please enter your Name, Email Address, Mobile number and COE expiry date.

2) COE renewal is valid for Category A and B vehicles.

3) Application is subject to credit approval.

4) This special rate is only applicable if you renew COE loan with VINCAR Financial Services.

5) You consent to the collection, use, processing, disclosure and storage of your personal data in accordance with the terms of VINCAR Financial Services and our Privacy Policy.

*Terms & Conditions apply.

Contact Us

For all general enquiries (vehicle spec/pricing, rental, leasing etc) and/or sales related questions:

Please contact us using the following options:

General Hotline: 6473-1119

WhatsApp: Click/Tap to WhatsApp +65-9226-1119

Visit our showrooms: Locations, numbers and directions