May

Updated October 2026, with the PARF schedule LTA revised in February 2026. Key Highlights When you deregister a car, LTA pays back two things: a COE rebate for the unused part of the COE, and a PARF rebate if the car is under 10 years old. The PARF rebate is a share of the Additional Registration Fee (ARF) you paid at registration. It is not worked out from the car’s OMV directly. LTA cut the PARF rebate for cars registered with COEs from the second bidding exercise in February 2026. The rebate now starts at 30 per cent of ARF and is capped at $30,000. Most cars being scrapped today were registered before that date, so they still get the older, higher rebate. You can encash the rebate, offset it against your next car, or transfer it. It expires 12 months after deregistration. What you get back when you scrap your car A car in Singapore carries a lot of paid-up value when it comes off the road. Part of what you paid for the COE and part of the ARF come back to you as rebates, and the scrap dealer pays for the car itself on top of that. […]