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asked about Sell Car

about 3 years ago

What is the minimum period I have to wait before I can sell my car after registering (purchasing) it? Are there any restrictions from LTA?

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1 Answer

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Joanna

Cars registered using Certificates of Entitlement bid under Categories A and B are allowed to be transferred only after 3 months from the date of registration. If such cars are transferred between the 4th and 6th months of registration, an Additional Levy (AL), if applicable, is payable.

The AL is the positive difference between the Quota Premium (QP) of the relevant car quota category at the point of transfer and the QP paid for the registration of the car.

A transfer of registration within the first three months from the date of registration may be allowed in the event of the death of the registered owner. However, the application may be subjected to Additional Levy.

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about 3 years ago