COE CAR FINANCING

What is MoneyMax’s COE Renewal Loan?

With Singapore’s high car prices the decision to own a car with a renewed COE (COE Car) makes great financial sense as the cost and depreciation is typically lower when compared to a new car. With advances in car technologies, cars are now more reliable than before and are expected to last over 10 years. MoneyMax’s COE Renewal Loan are designed to help you own a COE car with a renewed COE with minimal fuss.

How many years can I take a loan for?

You may apply for a loan tenor for up to seven years.

What is the maximum financing amount for COE Renewal Loan?

We will be able to provide 100% PQP for your COE renewal loan.

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

You must be between 21 and 65 years of age with a minimum annual income of

$30,000 for salaried and self-employed Singapore Citizens and Permanent Residents

What are the documents required for submission?

Photocopy of identity card / passport
Vehicle Log Card (LTA)
Latest Income Documents
- CPF Statement for the last 12 months, or
- Income Tax Notice of Assessment for last 1 year, or
- Payslip for last 3 months

What is the process for COE Renewal Loan?

Submit your details via the following links:

Passenger Vehicle: http://moneymaxleasing.com/coe-passenger-vehicle/
Commercial Vehicle: http://moneymaxleasing.com/coe-commercial-vehicle/

Is there a difference between 5 years and 10 years COE renewal?

For a 5 years COE renewal, your car must be de-registered at the end of the 5th year period.
For a 10 years renewal, your car is eligible for subsequent COE renewals.

What is the current PQP Price?

For current PQP price, you can find out from LTA website link:

https://vrl.lta.gov.sg/lta/vrl/action/pubfunc?ID=EnquirePQPRates

Frequently Asked Questions

COE CAR FINANCING