Hi Tay Choon Liem! The term PQP refers to the amount required to extend or renew the COE for a vehicle already in use. Unlike buying a new vehicle, one does not need to bid for COE when buying a used vehicle; instead, all you need to do is to pay the PQP and the COE will be extended or renewed.

You can also get the lowest COE Renewal Loan here! https://www.motorist.sg/coe-renewal