I have made a cheque payment for COE renewal and it is still pending clearance. However, in the meantime, I have found a buyer for my car, and he wants to effect the transfer of ownership immediately. How can I go about effecting the transfer before my cheque for COE renewal is cleared by my bank?
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If you need to effect a transfer of vehicle before the cheque for COE renewal is cleared, you can make payment for the PQP in cash or cashier's order to renew the COE immediately. Your previous application will be cancelled, and a new application will be put through. If the cheque for the previous application was inadvertently cleared, the Land Transport Authority will give you a refund.
Source: LTA