Renew vs Scrap Calculator
Compare the cost of renewing your COE at PQP, scrapping and buying a new car, or going carless with ride-hailing and public transport.
Renew vs Scrap Calculator
Compare four options when your COE expires: renew for 5 years, renew for 10 years, scrap and buy a new car, or go carless. Adjust the inputs to match your situation.
Current Vehicle
Annual Running
Scenario Parameters
Renew 5 Years
Keep your current vehicle for 5 more years
Total Cost
S$111,500
S$1,858/mo
Renew 10 Years
Keep your current vehicle for 10 more years
Total Cost
S$133,000
S$1,108/mo
Scrap + Buy New
Deregister and buy a new car (10-year ownership)
Total 10-Year Cost
S$179,000
S$1,492/mo
Go Carless
Rely on public transport and ride-hailing
Total 10-Year Cost
S$60,000
S$500/mo
Cost Comparison
Renew COE or Buy New: Making the Right Decision
Every car owner in Singapore faces this decision as their 10-year COE approaches expiry: renew at the Prevailing Quota Premium, scrap and buy a replacement, or go carless altogether. Each path has different cost implications that are not always obvious.
Renewing is attractive because you avoid paying a new ARF, dealer markup, and registration fees. But you keep an ageing car with potentially higher maintenance costs and no PARF safety net. You also forfeit the PARF and COE rebates you would otherwise receive upon deregistration.
Buying new means a fresh 10-year COE and a modern vehicle with warranty coverage, but the upfront cost — including COE, ARF, and dealer premium — can exceed S$150,000 even for a compact car. This calculator puts real numbers against each option so you can compare total spending over your next ownership period. For a deeper understanding of the COE lifecycle, read our complete guide to COE.