Yes you may renew for 10 years until the vehicle’s lifespan expiry. You do not need to bid for a COE for COE renewal. To renew the COE for your existing vehicle for another 10 years, pay the Prevailing Quota Premium (PQP). To renew the COE for another 5 years, you just need to pay 50% of the PQP.
about 1 year ago