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Key Highlights PARF and COE rebates help car owners recover part of their vehicle cost upon deregistration, making car ownership in Singapore more cost-efficient. Eligibility requires meeting strict criteria, such as age limits for PARF rebates and unused periods of COE for COE rebates. PARF rebates are based on Additional Registration Fee (ARF) paid, while COE rebates depend on the car’s unused COE duration. Car owners can encash rebates, transfer them to others, or use them to offset new vehicle costs. Timing and vehicle type significantly influence the rebate value. The Land Transport Authority (LTA) oversees the eligibility, calculation, and redemption of these rebates. Introduction In Singapore, owning a car comes with substantial costs – from the Certificate of Entitlement (COE) to various taxes and fees. However, there’s a silver lining: when it’s time to part ways with your vehicle, you can reclaim significant value through PARF and COE rebates. Many car owners remain unaware of exactly how much money they could get back through these rebates. Understanding how to calculate your car’s deregistration value isn’t just useful knowledge – it directly impacts your financial decisions regarding vehicle ownership. HIGHLIGHTED ADDITION: Singapore has a unique vehicle ownership system linked to […]