Hi Erica, 5 year COE premiums are 2 times cheaper than 10 year COE premiums. However do note however, that for the 5 year COE renewals, your vehicle must be deregistered after five years and cannot be renewed anymore. Whereas if you have a 10 year COE you can still continue to renew after the 10 year COE period.
Motorist can help you determine the best course of action for your motorcycle COE or your car COE as well as help apply for a loan. If you require a pre-coe inspection, Motorist offers this service for free as well! Submit your details to this link to contact our helpful consultants: https://www.motorist.sg/coe-renewal