asked about Scrap/Export Car

5 months ago

Is PARF rebate amount the same as scrap value?

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John

If you intend to deregister your car before your COE expires, the scrap value 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

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5 months ago