Car Financing

August 29, 2025

How to Sell Your Car Overseas for a Higher Price

“What if your car is worth thousands more in another country than it is in your local market?” For many car owners in Singapore, the local resale value can feel disappointing—especially with high depreciation rates, deregistration rules, and newer models entering the market every year. But here’s the surprising truth: in certain overseas markets, your vehicle could fetch significantly more money than it would if you just followed the usual steps to sell a used car Singapore style through local dealers or classifieds. The difference lies in the value gap—variations in demand, availability, and import restrictions between countries. Well-maintained cars from Singapore are highly sought after abroad, and with the right approach, individual sellers can tap into this demand. In this guide, we’ll walk you through two proven ways to sell internationally and also touch on how this differs from the standard process on how to sell cars in Singapore, so you can weigh which option works best for you. First, Is Your Car a Good Candidate for International Sale? Before diving in, assess whether your car has a strong export appeal. High-Demand Categories Singapore cars are known worldwide for being well-maintained, low-mileage, and regularly serviced due to strict regulations. […]
May 4, 2025
Woman in blue car holding up certificate of entitlement (COE) in Singapore

PARF and COE Rebates in Singapore: How to Calculate Your Car’s Value (2026)

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. […]
March 10, 2025
A Quick Guide to Avoiding Hidden Costs When Scrapping Your Car

A Quick Guide to Avoiding Hidden Costs When Scrapping Your Car

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 […]
January 17, 2023

Got Your Quotation and Ready to Scrap Your Car in Singapore? Here’s What to Expect.

November 8, 2022
A Quick Guide to Avoiding Hidden Costs When Scrapping Your Car

How Is Car Depreciation Calculated In Singapore?

June 1, 2022
women calculating her finances to purchase a new car

Should You Scrap/Sell or Renew Your Car?

December 15, 2021
man successfully sells car

Should You Trade-In or Sell Your Car?

When it comes time to get a new or newer car, the decision of whether or not to trade in your old one is often a tough one.
October 20, 2021
renegotiating car loan terms

Refinancing Car Loan to Improve Your Total Debt Servicing Ratio

Did you know that refinancing your car loan can help improve your total debt servicing ratio? Let's explore the benefits of refinancing.