A vehicle owner will be eligible for the PARF rebate if he renews the COE in advance, provided the following conditions are fulfilled:
i. The car must be less than 10 years old (from the date of its registration in Singapore or the original date of its registration in the foreign country, whichever is earlier) at the time of deregistration;
ii. The car must have been licensed at all times (i.e. not laid up); and
iii. Not be an imported used car registered before 1 September 2007.