Related Questions
- How do I know my current car’s depreciation value?
- what is jul2020 pqp
- How do I determine if I'm better off scrapping my current car or renewing the coe?
- How do i check my PARF/COE rebate of my car?
- I renewed the COE of my car for 5 years, and I would like to scrap it now after only 3 years. Will I be getting back the PARF rebate and balance COE rebate?
How can we
assist you?
Lin Junhao asked about Scrap/Export Car
over 5 years ago
My car still left 6 year Coe, how much I can claim back if I scrap my car via LTA?
1,769 Views 1 Answer
How can we
assist you?
1 Answer
The scrap value of your car depends on when do you intend to scrap/deregister your vehicle. If you intend to scrap your car before your COE expires, it is calculated based on the formula below:
Scrap Value = Total COE rebate + Total PARF rebate
Your COE rebate is pro-rated based on the remaining amount of your COE.
If you intend to drive your car till the very last day of your COE, here's the formula:
Scrap Value = Total PARF rebate
The easiest way to find out the current scrap value of your car, is to try out our complimentary scrap valuation service. On top of the COE rebate and Total PARF Rebate, you will also find out what is the current market value of your car body. You can go to http://motorist.sg/scrap-export-car to find out more.