Updated October 2026 with the latest COE renewal prices. When a car nears its tenth year, the COE is close to running out and you have to choose. You can renew the COE and keep driving, or deregister the car and scrap or export it. This guide puts both options in 2026 dollars, so you can see what each one costs before you decide. What COE renewal costs in October 2026 To renew a COE you pay the Prevailing Quota Premium (PQP) for your car’s category. The PQP is the moving average of the COE prices from the last three months of bidding, and LTA updates it every month. A 10-year renewal costs the full PQP. A 5-year renewal costs half, rounded up to the nearest dollar. Category PQP, October 2026 10-year renewal 5-year renewal Cat A (smaller cars) $128,715 $128,715 $64,358 Cat B (larger cars) $131,616 $131,616 $65,808 For comparison, the first October 2026 bidding exercise closed at $130,001 for Cat A and $130,100 for Cat B. Renewal is no longer much cheaper than a new COE, which makes the scrap or renew decision closer than it was a few years ago. Check the PQP for the month you […]