The Early Turnover Scheme (ETS) gives you benefits when you replace your older diesel goods vehicles and buses with more environmentally friendly models.

At a glance

Understanding the Early Turnover Scheme (ETS)

With the Early Turnover Scheme (ETS), you enjoy discounted Prevailing Quota Premium (PQP) for your Certificate of Entitlement (COE) when you replace your existing vehicle with a more environmentally friendly model.

 

Your existing and replacement vehicles must meet the eligibility criteria to qualify for the ETS.

Replacing your vehicle under the ETS

To replace your vehicle, deregister the existing vehicle, then register your replacement vehicle within a month.

 

When you register your replacement vehicle, you will enjoy a discounted PQP for your COE.

 

Refer to the sample calculations for examples on how to calculate your PQP and COE values.

Related digital services

Calculator – Category C Early Turnover Scheme

 

Understanding the Early Turnover Scheme
 

The Early Turnover Scheme (ETS) encourages you to replace your older diesel goods vehicles and buses with cleaner, more environmentally friendly models. Instead of bidding for a new COE, you will enjoy a discounted Prevailing Quota Premium (PQP) for your replacement vehicle. Any COE rebate from your older vehicle will be transferred to the COE value of your replacement vehicle.

Watch the video to learn all about the ETS.
 

Eligibility criteria

 

To enjoy the benefits of the ETS, your existing and replacement vehicles must meet the following criteria:

Existing vehicle criteria

Replacement vehicle criteria

 

Replacing your vehicle under the Early Turnover Scheme (ETS)


Deregister your existing vehicle


If your existing or replacement vehicles are eligible for the ETS, proceed to deregister your vehicle. However, you must register a replacement vehicle within a month of deregistering. See the example below:

If deregistered on:

15 November 2017

Replacement vehicle must be registered by:

14 December 2017

As the scheme ends on 31 July 2019, the last day to deregister is 31 July 2019 and the replacement vehicle must be registered by 30 August 2019.

 

Calculate your Prevailing Quota Premium (PQP)


If you want to register a replacement vehicle, you can check your discounted Prevailing Quota Premium (PQP) payable for your COE.

The discounted PQP that you enjoy depends on:

  • The unused COE period of the existing vehicle when it is deregistered
  • The remaining 20-year lifespan of the existing vehicle when it is deregistered.

Your discounted PQP is calculated as follows:

PQP
 

* The discounted PQP you pay must be at least 10% of the PQP in the month you are registering the replacement vehicle.

** If existing vehicle has:

  • MLW less than or equal to 3,500kg, X = 35%
  • MLW more than 3,500kg, X = 100%

The sum of the unused COE period and proportion of the remaining 20-year lifespan is capped at 10 years. Any excess bonus COE period from the existing vehicle will be forfeited.

If you have used, encashed or transferred the COE rebate from the deregistered vehicle before registering your replacement vehicle, you will need to return the rebate amount to LTA when you register your replacement vehicle.


Calculating the 10-year COE value of your replacement vehicle
 

Once you have registered your replacement vehicle, the value of its 10-year COE will be calculated as follows:

COE
 


Sample calculations for vehicles deregistered between 1 August 2017 and 31 July 2019
 

Example 1

  • Category C existing vehicle with MLW = 3,000kg
  • First Registration Date (FRD) is between 1 January 2001 and 30 September 2006
  • Deregistered between 1 August 2017 and 31 July 2019
  • Has both unused COE and remaining 20-year lifespan at deregistration

Sample calculations for example 1


Example 2

  • Category C existing vehicle with MLW = 5,000kg
  • First Registration Date (FRD) is between 1 January 2001 and 30 September 2006
  • Deregistered between 1 August 2017 and 31 July 2019
  • Has both unused COE and remaining 20-year lifespan at deregistration

Sample calculations for example 2