As you know by now if you have a COE, or a Certificate of Entitlement for a vehicle that it will expire around 5 to 10 years. So in order to refrain from it expiring the best thing to do would be to get a COE renewal loan, especially if you don’t have the money to pay it back yourself.
How much does it cost to renew?
You may be wondering if it costs that much too renew a COE as most people are getting loans, well yes. On average if you take the type of category, the taxes, how long it is kept for, either 5 or 10 years the costs will tend to be pretty high. The PQP for a category A vehicle can be determined as $50000 for 10 years, and for five years the cost are cut down by half. So it would be best to get a loan.
Where to get one from.
The best place to get a COE renewal loan would be from Money Max Leasing Company, they have just introduced renewal loans and it is very easy to gain one. They don’t ask much questions and you can get approved for one as soon as possible. You won’t have to wait much.
How to apply?
If you go on their site there will be a form that you have to fill out, it is just to know more information about you and it’s almost like non-obligatory consultation. And that’s it, then you just have to wait.