asked about Scrap/Export Car

about 1 year ago

My car still left 6 year Coe, how much I can claim back if I scrap my car via LTA?

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1 Answer

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Jessi

The scrap value of your car depends on when do you intend to scrap/deregister your vehicle. If you intend to scrap your car before your COE expires, it 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

The easiest way to find out the current scrap value of your car, is to try out our complimentary scrap valuation service. On top of the COE rebate and Total PARF Rebate, you will also find out what is the current market value of your car body. You can go to http://motorist.sg/scrap-export-car to find out more.

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about 1 year ago