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get to know
Prevailing Quota Premium (PQP), is the 3-month moving average of successful COE bids, set by LTA. When your COE expires, you renew at the current PQP — not through open bidding — making it a fixed, predictable cost each month.
3-month moving average of successful COE bids
Monthly, after each LTA bidding exercise
COE renewals only — not new car purchases
comparison
Both relate to COE, but they serve different people in different situations.
Fixed monthly rate set by LTA
3-month moving average of bids
Used when renewing an expiring COE
Predictable — no bidding needed
5-year = 50% of 10-year rate
Result of competitive open bidding
Changes every round (2× monthly)
Used when buying a new or used car
Volatile — can spike or drop quickly
Cannot be used for renewals
How It Works
No bidding, no negotiations. Just 4 steps.
Find your COE expiry date on your vehicle log card. You can renew up to 6 months early.
Look up the current PQP for your category in the table above.
5-year costs 50% of the 10-year PQP. Think about your long-term car plans.
Borrow up to 100% of PQP from 2.58% p.a. No fees, no hidden charges.
Faq
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