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The Early Turnover Scheme (ETS)

KEY OBJECTIVE: Government’s effort to reduce ambient levels of particulate matter and achieve Singapore’s 2020 air quality targets

Eligibility Criteria

THE EXISTING VEHICLE MUST BE:

  • A Cat C vehicle and not COE-exempted;
  • Propelled by diesel, diesel-Compressed Natural Gas (CNG) or diesel-electric;
  • Under the permanent ownership of the registered owner;
  • Registered and deregistered within the following period:
    Pre-Euro 2 Euro 2/3
    Registration Date Before 1 January 2001 On or after 1 January 2001 to 30 September 2006
    Deregistration Date On or after 24 April 2013 to 31 July 2017 On or after 1 August 2015 to 31 July 2019
  • Properly disposed of (i.e. scrapped or exported and COE rebate, if any, successfully granted) before registration of the replacement vehicle.
  • Have at least one day of COE life remaining or at least one day of its 20-year lifespan remaining, at the point of deregistration.
 

The replacement vehicle must be:

  • A Cat C vehicle and not COE-exempted;
  • Euro 5 compliant or JPN2009-compliant diesel, diesel-CNG, diesel-electric, or Euro 4 compliant or JPN2005-compliant CNG, petrol, petrol-CNG, petrol-electric or electric;
  • Euro 6-compliant (or, for vehicles with Maximum Laden Weight of less than or equal to 3,500kg, JPN2009 with Euro 6 Particle Number (PN)- compliant) diesel, diesel-CNG or diesel-electric vehicle; a Euro 6-compliant petrol, petrol-CNG, petrol-electric or CNG vehicle; or an electric vehicle in order to qualify for additional bonus COE incentives from 1 August 2015;
  • Registered in the name of the last registered owner of the existing vehicle.
  • Registered within 1 month from the date of deregistration of the existing vehicle.

The Scheme

  • To incentivize early replacement of old Category C diesel vehicles with cleaner models complying with at least Euro 5 diesel standards or their equivalent.
  • Under the Scheme, owners can deregister their old Cat C diesel vehicles registered before 1 January 2001 (Pre-Euro/Euro1) or between 1 January 2001 to 30 September 2006 inclusive (Euro 2/3), and register a new replacement Cat C vehicle by paying a discounted Prevailing Quota Premium (PQP) (i.e. without the need to bid for a Cat C Certificate of Entitlement (COE)).

Validity Period

24th April 2013 to 31st July 2017 inclusive (Pre- Euro 2 vehicles)

1st August 2015 to 31st July 2019 inclusive (Euro 2/3 vehicles)

Calculating your PQP payable

To calculate the PQP payable for your replacement vehicle, you can use the online enquiry, “Calculator – Early Turnover Scheme” to find out the discounted PQP.

For more information about the Early Turnover Scheme (ETS), please click here.

3 Key Incentives of Early Turnover Scheme (ETS)

  • The unused COE period of the existing vehicle can be transferred to the replacement vehicle. 
  • Owners will enjoy a bonus COE period for every year of 20-year lifespan remaining, and an additional bonus COE period if existing vehicles are replaced with the cleaner Euro 6 vehicles.

      For existing Euro 2/3 Vehicles

    • The bonus COE incentive for replacement of Euro 2/3 vehicles is equivalent to 90% of vehicle’s remaining 20-year lifespan.
    • Owners enjoy further incentive equivalent to 10% of remaining 20-year lifespan for replacement with Euro 6 vehicles.
    • Vehicles must be deregistered between 1 August 2015 and 31 July 2019.

      For existing Pre-Euro/ Euro 1 Vehicles

    • The bonus COE incentive for replacement of Euro 2/3 vehicles is equivalent to 100% of vehicle’s remaining 20-year lifespan.
    • Owners enjoy further incentive equivalent to 10% of remaining 20-year lifespan for replacement with Euro 6 vehicles.
    • Vehicles must be deregistered before 31 July 2017.
  • *The discounted PQP payable for the replacement vehicle is subject to a minimum of 10% of the PQP.
  • Owners do not have to bid for a new COE and need only pay the Prevailing Quota Premium (PQP) for their replacement vehicle, after offsetting the transferred COE period and bonus COE period.
    In essence, the earlier the existing vehicle is replaced, the higher the COE bonus, and the greater the extent/quantum of the unused COE life that owners get to transfer to their replacement vehicle.
    Vehicle owners therefore benefit from a lower upfront capital outlay when replacing their old vehicle. In addition, they only need to pay a discounted Prevailing Quota Premium (PQP) and do not need to bid for a new Category C COE.

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