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Shanmugam Gunasagaran asked about Scrap/Export Car
over 4 years ago
Is PARF rebate amount the same as scrap value?
821 Views 1 Answer
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1 Answer
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