Related Questions
- ETS Scheme: How much time do I have to replace my existing vehicle after I have deregistered it and how long does the application of the replacement vehicle take?
- Why is the ETS based on the deregistration date of the existing vehicle instead of the registration date of the replacement vehicle?
- Can I retain the registration number of my existing vehicle if I plan to register my replacement vehicle under the ETS?
- What is ETS
- How can I know my Early Turnover Scheme (ETS) value of my vehicle?
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1 Answer
No, the existing vehicle has to be deregistered and disposed of first. At the point when the replacement vehicle is registered, the unused COE and/or a proportion of the remainder of the vehicle’s 20-year lifespan from the existing vehicle at deregistration can then be used to compute the discounted PQP payable for the replacement vehicle.
Source: LTA