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May 4, 2025
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 […]
March 10, 2025
Key Highlights Scrapping your car can involve hidden costs if you’re not careful. From unnecessary dealer fees to improper documentation, it’s essential to understand the process to avoid losing money. By preparing your car and knowing your rights, you can minimise expenses and maximise the scrap value. This guide will show you how to avoid common pitfalls, from dealer scams to overlooking important rebates like COE and PARF. Introduction When scrapping your car, avoiding hidden costs is key to ensuring you get the best value. Understanding the process will save you from unpleasant surprises, whether you’re scrapping your Toyota, Honda, or any vehicle in Singapore. Hidden costs can arise from poor planning, overreliance on unreliable scrap dealers, or missing essential rebates like PARF and COE. This guide walks you through the process, highlighting how to avoid unnecessary expenses and scrap your car efficiently. Common Hidden Costs When Scrapping Your Car Unnecessary Dealer Fees Scrap car dealers often serve as intermediaries between car owners and scrap yards, offering convenience in the scrapping process. However, some dealers may take advantage of this role by charging unnecessary or inflated fees under the guise of “handling” paperwork, inspections, or other routine procedures. These fees […]
September 22, 2024
Key Highlights Introduction If you are close to the end of your COE (certificate of entitlement) or want to get rid of your old car, you might be curious about how to scrap your car in Singapore. The process is quite simple, whether you’re driving a Toyota, Honda, Hyundai, Mazda, Tesla, BYD or popular cars available in Singapore. However, there are some key points to remember about depreciation. This is important if you want to get the most out of your COE rebate, claim your PARF rebate (if you qualify), and make sure all your road taxes are paid. Understanding the Car Scrapping Ecosystem in Singapore The car scrapping process is usually managed by the car owner. Once they finish the steps for de-registering, they need to find a scrap yard that is approved by the LTA to accept their vehicle. These scrapyards can be found in various locations across Singapore, including Yio Chu Kang Road and Punggol Drive. If car owners don’t want the hassle of de-registering their car and searching for a scrap yard, they can choose to work with scrap car dealers. These dealers buy cars that owners want to scrap and take care of the registration […]
August 15, 2024
When it comes time to get rid of their old car in Singapore, car owners have a few different options to choose from. Whether your Certificate of Entitlement (COE) is about to expire, your car is also recycled and no longer roadworthy, or you’re simply looking to scrap your car to buy a new car, it’s important to understand the vehicle disposal process in Singapore. In this post, we’ll take a closer look at the main types of vehicle disposal services available. Scrapping Your Car One of the most common ways to dispose of your car in Singapore is by scrapping it. This involves deregistering your vehicle with the LTA (Land Transport Authority) and then taking the vehicle to an LTA-appointed scrapyard. Many car owners choose to engage the services of a scrap car dealer or agent to handle this process for them. When you scrap your car in Singapore, the scrap value of your car is determined by a few factors, including the Preferential Additional Registration Fee (PARF) rebate and COE rebate. The PARF rebate is based on the age and de-registration value of your car. You can check your estimated PARF rebate using your SingPass. To properly dispose […]
July 14, 2024
Are you considering scrapping your car in Singapore? Whether you’re an individual owner or a business, navigating the process can seem daunting. This comprehensive guide will walk you through the essential documents you need to prepare for a smooth car scrapping experience in the Lion City. Why Proper Documentation Matters Before we dive into the specifics, it’s crucial to understand why having the right documents is so important. Proper documentation ensures that: Now, let’s break down the required documents for both individual owners and businesses. Documents Required for Individual Owners If you’re an individual owner looking to scrap your car, here’s what you’ll need: Documents Required for Company-Owned Vehicles Businesses scrapping company vehicles need to prepare the following: Additional Documents to Consider To ensure a hassle-free process, consider preparing these additional documents: Tips for a Smooth Car Scrapping Process Conclusion Scrapping a car in Singapore requires thorough preparation and the right documentation. By following this guide, both individual owners and businesses can ensure they have all the necessary paperwork to make the process as smooth as possible. Remember, when in doubt, it’s always best to consult directly with the LTA or a professional car scrapping service for the most up-to-date […]
June 18, 2024
In this comprehensive guide, readers will gain a thorough understanding of the process of how to scrap my car in Singapore, covering everything from the reasons for scrapping a car to the steps involved in the process. This article aims to provide valuable insights and practical guidance for a vehicle owners considering to upgrade or have an old car to get rid off, ensuring that they are well-equipped to make informed decisions when it comes to scrapping their vehicles. Why Should I Scrap My Car? When it comes to deciding what to do with an old or unused car, scrapping it can be a practical and environmentally friendly option. There are several reasons why you might consider scrapping your car, including environmental benefits, financial incentives, and space and maintenance considerations. Environmental Benefits of Scrapping a Car One of the primary reasons to scrap a car is the positive impact it can have on the environment. Older vehicles are often less fuel-efficient and emit higher levels of pollutants, contributing to air and water pollution. By scrapping your car, you can help reduce harmful emissions and align with the Singapore Government’s push for sustainable practices. Singapore has set ambitious targets under its […]
September 20, 2023
Getting rid of an unwanted car in Singapore is no easy feat. There are many details to consider, which can be overwhelming. You have the option to sell off the vehicle, but the process can be tedious and time-consuming. Plus, it isn’t the most environmentally friendly option. Instead, you can opt to scrap your car. So, if you’re looking for scrap car dealers in Singapore, there are many options to choose from. In this article, we’ll walk you through one of the best services in the area. Choosing a Scrap Car Dealer in Singapore Singapore is home to several dependable scrap car dealers. Each one of them provides a unique quality service. So, to make choosing a facility easier, we’ve compiled a list of tips. These should make picking a car dealer a breeze. 1. Check the Type of Service People want to scrap their cars for a variety of reasons. Some are ready for an upgrade, while others are looking for a quick way to make cash. Because of that, there are many types of consignment service providers. A few of the facilities provide speedy scrap service. They ensure that you can scrap your car as quickly as possible. […]
September 11, 2023
It’s only natural that potential buyers want to get the cheapest deal out of your scrap vehicle. After all, scrapping your car is a way to make quick cash, not earn back its price. Still, just because you’re selling your car for scrap doesn’t mean you can’t get the best scrap car value. If you know what your car is worth, you’ll know how to negotiate with scrap car dealers. Keep reading this article to understand car scrap value and learn some helpful negotiation tips. Let’s dive in! Negotiation Tips to Get the Best Scrap Car Value Simply put, if you know how much your scrap vehicle is worth, you’ll be on solid ground when negotiating with junk car buyers. Here are all the different ways you can evaluate the worth of the scrap vehicle to get the best scrap car value: 1. Make a Quick Decision While the metal parts of the scrap car are unlikely to lose their value, the usable components will eventually decrease in worth due to depreciation. Moreover, the salvageable components might rust, becoming useless over time. For this reason, once you decide on scrapping the car, you should be quick with the process. Most […]
September 2, 2023
Scrapping your car is one of the LTA (Land Transport Authority)-approved ways to dispose of a vehicle in Singapore. But to scrap your car, you need to cancel its registration with the LTA first. Today’s guide walks you through the process of deregistering your vehicle in Singapore when scrapping. What Does it Mean to Deregister a Car? Canceling your vehicle’s registration with the LTA in Singapore means that you can’t use it or keep it in the country any longer. After deregistering your vehicle, you must get rid of it either by scrapping, exporting, or temporarily storing it at an LTA-designated EPZ (Export Processing Zone) to be exported. When to Deregister Your Car To own and use a car in Singapore, you must obtain a COE (certificate of Entitlement) and then register the vehicle. A COE allows you to keep and use the car for 10 years. After this period, you can extend your COE if you still want to use the car or cancel the registration if you don’t. You can renew your car’s COE multiple times, and you can also deregister the car before its COE expires. How to Deregister a Car in Singapore When Scrapping Here are […]