The scrap value of your car depends on when you intend to scrap/deregister your vehicle. If you intend to scrap your car before the 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
To find out the amount that you are able to get back as 'scrap value', you can check it on LTA's website via the link below. Take note, you will have to input your intended deregistration date and the scrap value will fluctuate based on said deregistration date.