COE Rebate: Who Qualifies and What You Get

This scheme allows vehicle owners to receive a partial refund of their Certificate of Entitlement (COE) costs if they choose to de-register their vehicle before its official expiration.

👤Who it's for

This scheme is specifically designed for vehicle owners who decide to de-register their cars early. If you own a vehicle and choose to stop using it or take it off the road before the full term of your entitlement has ended, you may be eligible for this rebate.

🎁What you get

When you de-register your vehicle, you receive a pro-rated refund of the Certificate of Entitlement (COE) price. This means the amount of money you get back is calculated based on how much of the COE period remains unused at the time of de-registration. It is a way to recoup some of the value of your initial investment if the vehicle is no longer in use.

💰What it costs you

There is no direct monetary cost to qualify for the rebate, but you must complete the administrative process required during the de-registration of your vehicle. You will need to provide the necessary documentation and follow the official procedures to ensure the refund is processed correctly.

⚠️The catch to know

The most important thing to understand is that the rebate is only for the remaining unused portion of the COE. You will not receive a full refund of the original price paid; the amount is strictly limited to the time left on your entitlement.

📝How to apply

1. Decide to de-register your vehicle through the appropriate official channels.
2. Complete all required administrative steps and paperwork related to the de-registration.
3. Follow the guidance provided by the relevant authority to ensure your refund is processed.