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

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. Owners who know the rebate figure before they ask for a quote can tell straight away whether an offer is fair.

This guide explains how LTA works out each rebate, what changed in February 2026, and how the rebates add up to the deregistration value, sometimes called the paper value. You will find worked examples and the official LTA enquiry service for your own car’s figures.

SC Export Pte Ltd has run Scrap Car Singapore for over 25 years, and we check these numbers for owners every day. If you would rather we do the sums for you, ask for a quote and we will show you the rebate and our offer side by side.

Whether your vehicle is a PARF car or a COE car decides which rebates you can claim.

Understanding the Basics: What Exactly are PARF and COE Rebates?

Overview of PARF and COE Rebates in Singapore

Both rebates are paid by the Land Transport Authority (LTA) when a vehicle is deregistered, which means it is scrapped, exported or stored at an approved Export Processing Zone pending export. Together they make up the car’s deregistration value. How much you get depends on the car’s age, what you paid for the COE and ARF, and how long the COE still has to run.

What is a COE Rebate?

The Certificate of Entitlement (COE) gives you the right to register and use a vehicle in Singapore for 10 years. If you deregister before the COE expires, LTA refunds the unused part. That refund is the COE rebate.

Eligibility: any vehicle deregistered before its COE expires. For a car on its original COE, the rebate is based on the Quota Premium (QP) you paid. For a car whose COE has been renewed, it is based on the Prevailing Quota Premium (PQP) paid at renewal.

What is a PARF Rebate?

The Preferential Additional Registration Fee (PARF) rebate is a partial refund of the ARF paid when the car was first registered. The ARF itself is worked out from the car’s Open Market Value (OMV), so OMV affects the rebate, but only through the ARF.

Eligibility: cars and taxis deregistered within 10 years of registration. LTA excludes cars that were ever laid up, and imported used cars that were more than 3 years old when they were registered here. For cars that received a tax incentive, the rebate is based on the net ARF actually paid.

What changed in February 2026

In Budget 2026, the government revised the PARF schedule. The rebate percentages are much lower and the cap fell from $60,000 to $30,000. The new schedule applies to cars registered with COEs from the second bidding exercise in February 2026 onwards, and to COE-exempt cars registered on or after 13 February 2026.

A car registered before that keeps the schedule it was registered under. That covers almost every car being scrapped in 2026, since a car only becomes a scrapping decision several years after it was bought. The change matters more for your next car: the rebate it earns you later will be smaller.

Age at deregistration	COE obtained before Feb 2023	COE from Feb 2023 to Feb 2026	COE from second Feb 2026 exercise
Up to 5 years	75% of ARF	75% of ARF, capped at $60,000	30% of ARF, capped at $30,000
Above 5, up to 6 years	70%	70%, capped at $60,000	25%, capped at $30,000
Above 6, up to 7 years	65%	65%, capped at $60,000	20%, capped at $30,000
Above 7, up to 8 years	60%	60%, capped at $60,000	15%, capped at $30,000
Above 8, up to 9 years	55%	55%, capped at $60,000	10%, capped at $30,000
Above 9, up to 10 years	50%	50%, capped at $60,000	5%, capped at $30,000
Above 10 years	No PARF rebate	No PARF rebate	No PARF rebate

For COE-exempt cars the dates are by registration: before 15 February 2023, 15 February 2023 to 12 February 2026, and from 13 February 2026. Source: LTA OneMotoring, PARF and COE rebate and the LTA news release on the revised PARF schedule.

How to Calculate Your COE Rebate (Step-by-Step)

COE Rebate Formula

COE rebate = QP paid × unused COE period in months ÷ 120

• QP paid is the Quota Premium you paid for the COE, or the PQP if the COE was renewed.
• Unused COE period is the time left on the COE on the day you deregister. LTA pro-rates it, so part months count too.
• 120 is the number of months in a 10-year COE.

The rebate shrinks every month the car stays on the road. If you have decided to scrap, waiting costs you money.

What You Need to Know

You need two figures: the QP or PQP you paid, and the COE expiry date. Both are in your vehicle log card, which you can view on OneMotoring after logging in with Singpass.

Example Calculation

Say you paid $45,000 for the COE and deregister with 5 years and 3 months (63 months) left:

COE rebate = $45,000 × 63 ÷ 120 = $23,625

How to Calculate Your PARF Rebate (The Multi-Step Process Explained)

Step 1: Find Your Car’s OMV

The Open Market Value (OMV) is the value Singapore Customs assessed for the car when it was imported, covering the purchase price, freight and insurance. It is printed in the log card on OneMotoring.

Step 2: Calculate ARF Payable

The ARF is a tax charged as a percentage of the OMV, in tiers. Which tiers apply depends on when the COE was obtained.

OMV band	COE obtained before Feb 2023	COE from Feb 2023 onwards
First $20,000	100%	100%
$20,001 to $40,000	140%	140%
$40,001 to $50,000	140%	190%
$50,001 to $60,000	180%	190%
$60,001 to $80,000	180%	250%
Above $80,000	220%	320%

ARF Calculation Example

A car with an OMV of $50,000 and a COE obtained in 2024:

• First $20,000 at 100% = $20,000
• Next $20,000 at 140% = $28,000
• Last $10,000 at 190% = $19,000

Total ARF = $67,000

Step 3: Determine Your PARF Percentage

Find the car’s age at deregistration in the PARF table above, in the column for when its COE was obtained. The age counts from the date the car was first registered, which is also in the log card.

Step 4: Final PARF Rebate Calculation

PARF rebate = ARF paid × PARF percentage, up to the cap for that schedule

Our example car is 4 years old and its COE is from 2024, so it falls in the middle column:

PARF rebate = $67,000 × 75% = $50,250, which is under the $60,000 cap.

The same car registered with a COE from March 2026 would get $67,000 × 30% = $20,100 at the same age. That gap of about $30,000 is the effect of the February 2026 revision.

The Grand Total: Calculating Your Deregistration Value

Deregistration value = COE rebate + PARF rebate (if eligible)

Combined Example

• COE rebate: $23,625
• PARF rebate: $50,250

Total deregistration value: $73,875. This is what LTA pays out. What a scrap dealer offers you is a separate amount for the car itself, covered below.

The Easiest Way: Use the LTA Online Calculator!

LTA’s enquiry service gives you the exact rebate for your car, so you do not have to work through the tiers yourself.

How to Use It

1. Go to OneMotoring and log in with Singpass.
2. Open Digital Services and choose Enquire PARF/COE Rebate.
3. Select your vehicle and the date you plan to deregister.
4. The PARF and COE rebates for that date are shown on screen.

Run the parf rebate enquiry for two or three dates if you are deciding when to scrap. The COE rebate falls each month, and the PARF percentage drops a step on each anniversary of registration, so a few weeks can change the total.

Key Differences: PARF Car vs. COE Car

PARF Car

• Still on its original 10-year COE
• Gets both the PARF rebate and the COE rebate if deregistered within 10 years
• Higher deregistration value, which is why PARF cars sell for more

COE Car

• COE has been renewed, so the car is more than 10 years old
• Gets only the COE rebate, based on the PQP paid at renewal
• Lower deregistration value than a PARF car of the same model

Why It Matters

Buyers price a used car on what they will get back when they deregister it. A PARF car carries both rebates, so it holds its value better. Once you renew the COE, the PARF rebate is gone for good. Weigh that before you renew. Our guide on whether to scrap your car or renew the COE runs through the numbers.

Don’t Confuse Deregistration Value with Scrap Value

Deregistration Value Definition

The PARF rebate plus the COE rebate, paid by LTA. Also called the paper value.

Scrap Value Explained

Scrap value = deregistration value + body value

The body value is what a scrap dealer or exporter pays for the car itself. It depends on:

• the make, model and year, and whether there is export demand for it
• the condition of the engine, gearbox and body
• demand for its parts

Two dealers can offer quite different body values for the same car, so compare offers on this part. The rebate is fixed by LTA and is the same whoever you scrap with. Read more about how car scrap value is worked out.

What Can You Do With Your Rebates?

Available Options

• Encash it. LTA pays the rebate to your bank account by GIRO, or by PayNow within 14 working days. You need to clear any LTA matters and loans on the car first.
• Offset a new vehicle. Both rebates can be used against the Registration Fee, ARF, QP and other charges when you register your next car. Any unused balance is forfeited, so check the amount before you choose this.
• Offset a COE renewal. A COE rebate can be used to pay the PQP when you renew the COE of another vehicle registered in your name.
• Transfer it. You can transfer a rebate to another person for $20 per transfer. They have 5 calendar days to accept it.

Important Validity Note

Rebates are valid for 12 months from the date of deregistration. After that the money is lost.

Vehicle Lifespan & Renewal Options: Important Context

Statutory Lifespan of Vehicles

Private cars have no statutory lifespan. A car can stay on the road for as long as the owner keeps renewing its COE. Buses, goods vehicles and taxis do have fixed lifespans and must be deregistered when they reach them.

Renewal Options

When the COE runs out you can renew it by paying the PQP, which is the average of the Quota Premiums over the last three months. A 10-year renewal costs the full PQP and a 5-year renewal costs half. For Category A and B cars, the 5-year renewal can be taken only once. After it ends the car must be deregistered.

Before renewing, set the cost against what you give up:

• Renewal cost. The PQP for your category in the month you renew.
• Rebate. The car will never earn a PARF rebate again.
• Road tax surcharge. Cars over 10 years old pay a surcharge on road tax, starting at 10 per cent and rising to 50 per cent after 14 years.
• Repairs. Older cars cost more to keep running.

Critical Timing: Avoid Late COE Renewal Fees!

Importance of Timely Renewal

Renew before the COE expires. LTA accepts a renewal up to 1 month after expiry, with a late renewal fee:

Vehicle type	Late renewal fee
Motorcycle	$50
Private motor car, 1,000cc and below	$50
Private motor car, 1,001cc to 1,600cc	$100
Private motor car, 1,601cc to 2,000cc	$150
Private motor car, 2,001cc to 3,000cc	$200
Private motor car, more than 3,000cc	$250
Business service passenger vehicle (company car)	$250
Goods vehicle and public service vehicle	$250
Others	$250

Serious Warning

If you miss the 1-month window, you can no longer renew. LTA requires you to dispose of the car straight away by scrapping or exporting it, and you lose the choice of when to do it.

Why Bother Calculating? Making Informed Financial Decisions

Decision Points

When the COE is close to expiry you have three choices: sell, scrap or renew. Knowing the rebate lets you compare them on real numbers:

• what you would get from deregistering, rebate plus body value
• what renewal would cost, PQP plus the road tax surcharge
• what a buyer would pay for the car as it is

Timing matters too. Deregistering a few weeks before the car’s registration anniversary can keep it in a higher PARF band.

Financial Planning

With the figure in hand you can budget for the next car, see how far the rebate goes against its ARF and QP, and push back on a low offer.

Getting Professional Help with Scrap Car Singapore

Our Expert Assessment Process

SC Export Pte Ltd is an LTA-authorised agent with over 25 years in the Singapore scrap car trade. When you ask us for a quote we:

• check your car’s PARF and COE rebate on LTA’s system
• quote a body value based on the make, model, condition and export demand
• handle the deregistration paperwork with LTA

Value Beyond Calculations

The rebate is fixed, so the body value is where offers differ. Cars with export demand often fetch more than the paper value suggests. We assess each vehicle on its export and parts value before we make an offer.

Need Expert Help With Your Vehicle Deregistration?

Send us your car details and we will reply with the rebate figure and our offer. There is no obligation to accept.

Get a free quote

Conclusion

The PARF and COE rebates are often the largest part of what you get back when a car comes off the road, and LTA’s figures are easy to check before you commit. Look up your rebate, compare body value offers, and deregister before another month of COE runs out. Our full guide to deregistering your car covers the LTA steps.

Frequently Asked Questions

What happens to my rebates if I scrap my car early?

You get both rebates if the car is under 10 years old. The earlier you deregister, the more COE time is left, so the COE rebate is higher. The PARF percentage is also higher for a younger car.

Does the February 2026 PARF change affect my car?

Only if its COE was obtained in the second bidding exercise of February 2026 or later, or it is a COE-exempt car registered on or after 13 February 2026. A car you are scrapping now was almost certainly registered earlier and keeps the older schedule.

Can I transfer my COE rebate to a family member?

Yes. You can transfer a PARF or COE rebate to another person through OneMotoring for $20 per transfer. The recipient has 5 calendar days to accept it. If you want to give away only part of a rebate, divide it first, which costs $21.80 for each new portion.

What is the difference between PARF and COE rebates?

The PARF rebate is a percentage of the ARF paid at registration, set by the car’s age when you deregister. The COE rebate is the unused part of the COE premium, pro-rated to the time left. A car more than 10 years old gets only the COE rebate.

Is the PARF rebate the same as the scrap value?

No. The PARF rebate is one part of the deregistration value that LTA pays. The scrap value adds the body value the dealer pays for the car itself.

Learn more: A Quick Guide to Avoiding Hidden Costs When Scrapping Your Car