asked about Scrap/Export Car

over 4 years ago

How to find out the scrap value of a car?

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2 Answers

0
Xin Yi

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.

https://vrl.lta.gov.sg/lta/vrl/action/pubfunc

Alternatively, you can get the scrap value of your car here: https://www.motorist.sg/scrap-export-car

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over 4 years ago

0
Afidah
If you're planning to scrap your car, this article on 6 things to note when scrapping your car: https://bit.ly/2HixQP7 would be useful. Have a read!!
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almost 3 years ago