sgcarmart logo
cart button icon
sgcarmart sign in icon
  • dropdown white triangle iconLogin
  • Sign up
  • All Sections
  • New Cars
  • Used Cars
  • Motor Directory
  • Product Guide
  • Articles
  • Forum
cart button icon
  • Login
  • Sign up
sgcarmart logo
  • login iconLogin|Sign up
  • New Cars
  • Used Cars
  • Car Loan
  • Rental Cars
  • Sell Cars
    • Sell By Yourself
    • Sell By Bidding
    • Sell By Consignment
  • Directory
  • e-Shop
  • Insurance
  • Articles
    • Car Reviews
    • Car Advice
    • Car News
    • Car Features
    • Car Videos
  • Forum
  • Resources
  • My Shortlist iconMy Shortlist
  • Home iconHome
  • New Cars iconNew Carsdropdown menu arrow icon
    • • Find New Cars
    • • New Car Promotions
    • • COE Results
  • Used Cars iconUsed Cars
  • Car Loan iconCar Loan
  • Rental Cars iconRental Cars
  • Sell My Car iconSell My Cardropdown menu arrow icon
    • • Post an Ad
    • • Sell by Bidding
    • • Consignment
    • • Free Car Valuation
    • • Advertiser's Login
  • e-Shop icone-Shop
  • Motor Directory iconMotor Directory
  • Accessories iconAccessories
  • Insurance iconInsurance
  • Articles iconArticles
  • Forum iconForum
  • Resources iconResources
  • Download Our App iconDownload Our App
  • All Articles
  • Reviews
  • News
  • Advice
  • Features
  • Videos
All
Reviews
News
Advice
Features
Videos

Home arrow Car Articles arrowAdvice arrowAdvice Listings arrowCar Ownership Advice

Understanding OMV, PARF and COE rebates for your car

26 Feb 2013Viewed : 1,405,561 times
...
...
...
...
...
...
...
...
...
A complete guide to OMV and ARF for vehicles in Singapore, and how to calculate PARF & COE rebates to find your car's deregistration value (aka paper value)

Yes, you've heard it right. You can get money from deregistering your car. This is the Land Transport Authority's (LTA) way of thanking you for decluttering the roads and reducing congestion. So, what is your car's deregistration value and how can you deregister your car? Read on to find out how you can check your car's deregistration value!

The deregistration value of your car is the sum of your Certificate of Entitlement (COE) rebate and the Preferential Additional Registration Fee (PARF) rebate. However, to calculate your PARF, you'll first need to know your vehicle's Open Market Value (OMV).
 
 
What is OMV?

The OMV of your vehicle is the price payable when it is first imported into Singapore. It's the actual price of your vehicle before all taxes and other surcharges (and there are many) - like COE, GST, registration fee and the dealer's profit margins - are added in. The OMV is inclusive of purchase price, insurance, freight and delivery of your car to the country.
 
 
What is ARF?

The Additional Registration Fees (ARF) is a tax imposed upon the registration of your vehicle. The OMV of your vehicle is used to calculate the ARF, which is used to determine the PARF rebate later on.

*These ARF rates were last updated on 14 February 2023
  • For cars with an OMV of up to $20,000:
    ARF = OMV
    Your ARF value is 100% of your OMV value.
  • For cars with an OMV ranging from $20,001 to $40,000:
    ARF = [(OMV - $20,000) x 140%] + $20,000
    Your ARF value is 140% of incremental OMV.
  • For cars with an OMV from $40,001 to $60,000:
    ARF = [(OMV - $40,000) x 190%] + $48,000
    The ARF value is 190% of incremental OMV.
  • For cars with an OMV from $60,001 to $80,000:
    ARF = [(OMV - $60,000) x 250%] + $86,000
    The ARF value is 250% of incremental OMV.
  • For cars with an OMV above $80,001:
    ARF = [(OMV - $80,000) x 320%] + $136,000
    The ARF value is 320% of incremental OMV.
Here's an example of a car with an OMV of $100,000 and its payable ARF: 

Vehicle OMV ($100,000) ARF Rate ARF Payable
First $20,000 100% 100% x $20,000= $20,000
Next $20,000 (i.e. $20,001 to $40,000) 140% 140% x $20,000= $28,000
Next $20,000 (i.e. $40,001 to $60,000) 190% 190% x $20,000= $38,000
Next $20,000 (i.e. $60,001 to $80,000) 250% 250% x $20,000= $50,000
Above $80,000 320% 320% x $20,000= $64,000
 
The total ARF payable in this case, based off the table above, is ($20,000 + $28,000 + $38,000 + $50,000 + $64,000) = $200,000. 
 
So, what is my car's deregistration value?

As mentioned earlier, your vehicle's deregistration value is the sum of a COE rebate and a PARF rebate:

[COE rebate + PARF rebate] = Deregistration value
ctaimage

Sgcarmart

Scrap & Export your Car

Get quotes from 100+ LTA authorised scrapyards & exporters.

Get Free Quote link red arrow

What is my COE rebate? How do I calculate my COE rebate?

When you deregister your car before your COE expires in its 10th year, you'll receive a rebate from LTA for the remaining COE left on your car. This amount is based off the Quota Premium (QP) that you'd last paid.   

Your COE rebate is: 

COE rebate = (Quota Premium Paid x Number of months left)/120 months

So, lets us use an example of a car which has a COE that costs $38,000. Let's say this COE expires on 5 June 2020, and you choose to deregister it on 2 May 2012.

Your unused duration of COE is:

From 2 May 2012 to 5 June 2020 to  = eight years one month and three days
= 97.1 months

And therefore, your COE Rebate amounts to = ($38,000 x 97.1) / 120 = $30,748.
 
 
But how do I calculate my PARF rebate?

You're entitled to a PARF rebate when you deregister a car that's less than 10 years old. This rebate allows you to recover the ARF paid when you first registered your car. Simply put, your PARF rebate depends on the age of your vehicle and its ARF value.

The PARF rebate is based off a percentage of your ARF value, which is based on your vehicle's OMV.
Here's how you calculate your PARF rebate:

PARF rebate = ARF x % based on the age of your car

Age of vehicle at deregistration PARF rebate (For cars registered with a COE obtained from May 2002 to 8 February 2023) PARF rebate (For cars registered with a COE obtained from 22 February 2023 onwards)
Not exceeding 5 years 75% of ARF paid 75% of ARF paid or $60,000 (whichever is lower)
Above 5 years but not exceeding 6 years 70% of ARF paid 70% of ARF paid or $60,000 (whichever is lower)
Above 6 years but not exceeding 7 years 65% of ARF paid 65% of ARF paid or $60,000 (whichever is lower)
Above 7 years but not exceeding 8 years 60% of ARF paid 60% of ARF paid or $60,000 (whichever is lower)
Above 8 years but not exceeding 9 years 55% of ARF paid 55% of ARF paid or $60,000 (whichever is lower)
Above 9 years but not exceeding 10 years 50% of ARF paid 50% of ARF paid or $60,000 (whichever is lower)
Above 10 years N.A. N.A.


*Note that all cars registered with a COE obtained from 22 February onward will have their PARF rebates capped at $60,000.

Once again, only cars that are deregistered within 10 years of its first registration are entitled to PARF rebates. These cars are known as "PARF cars".

If your COE is a renewed one, you won't be entitled to the PARF rebate when you deregister your vehicle. Your car then becomes known as the "COE car". Find out what's the difference between PARF cars and COE cars.
 

Let's use an example to calculate deregistration value

Cars registered with COEs obtained after 22 February 2023 will have their PARF rebates capped at $60,000
Suppose your $100,000 OMV car from above is being deregistered as above, with eight years more to go.

Your OMV is $100,000. As calculated above, you would have paid a total of $200,000 in ARF.
 
Based off the PARF rebate table above, your PARF rebate would be 75% of ARF, which is $150,000. 
 
Your remaining COE has eight years, one month and three days left. As your COE cost $38,000, the COE rebate will be $30,748.

Therefore, your car's deregistration value, being the sum of the PARF rebate and COE rebate, will be ($150,000 + $30,748) = $180,748 .

However, if this example was applied to a car that was registered with a COE obtained after 22 February 2023, the PARF rebate would be capped at $60,000. So, keeping all other factors, save the registration and deregistration date in the example above constant, your car's deregistration value will only be $60,000 + $30,748 = $90,748.
 

Confusing terms to take note of
 
Paper value

The paper value of your car is also known as its deregistration value. So, if someone enquires about the paper value, don't panic. They're just asking for its deregistration value. 
 
Scrap value

Scrap value, on the other hand, is the sum of your car's deregistration value plus your car's body value. As noted previously, the deregistration value is the sum paid by LTA. The body value, though, is the amount your dealer is willing to pay to take the car off your hands.
  
[Deregistration value + Body value] = Scrap value
  
See, finding out your car's deregistration value isn't as hard as it seems. It's useful to find out how much money you'll get back upon deregistering your car.
 

Here are some related articles that might interested you
  
Car de-registration 101 - What are your options
  
10 things you should know about renewing your COE
  
A simple guide to COE renewal: How & when should you renew
  
VES - How does it affect you as a car buyer
 

Need help to scrap or export your car? Quotz will handle all the calculations for you and get you the best price!
ctaimage

Sgcarmart

Scrap & Export your Car

Get quotes from 100+ LTA authorised scrapyards & exporters.

  • Find the highest scrap value for your car
  • Immediate encashment

Get Free Quote link red arrow

Or perhaps you would like to renew your COE and drive your car for another five to 10 years? Sgcarmart can help you secure a COE loan and renew your COE! 
ctaimage

Sgcarmart

Get COE Renewal Advice, Loans & Paperwork

We help you renew your COE and find the best loan rates in Singapore.

  • Complimentary pre-COE inspection
  • Settlement of entire COE renewal paperwork

Get started link red arrow

*This article was updated on 16 February 2023
 

Yes, you've heard it right. You can get money from deregistering your car. This is the Land Transport Authority's (LTA) way of thanking you for decluttering the roads and reducing congestion. So, what is your car's deregistration value and how can you deregister your car? Read on to find out how you can check your car's deregistration value!

The deregistration value of your car is the sum of your Certificate of Entitlement (COE) rebate and the Preferential Additional Registration Fee (PARF) rebate. However, to calculate your PARF, you'll first need to know your vehicle's Open Market Value (OMV).
 
 

What is OMV?

The OMV of your vehicle is the price payable when it is first imported into Singapore. It's the actual price of your vehicle before all taxes and other surcharges (and there are many) - like COE, GST, registration fee and the dealer's profit margins - are added in. The OMV is inclusive of purchase price, insurance, freight and delivery of your car to the country.
 
 
What is ARF?

The Additional Registration Fees (ARF) is a tax imposed upon the registration of your vehicle. The OMV of your vehicle is used to calculate the ARF, which is used to determine the PARF rebate later on.

*These ARF rates were last updated on 14 February 2023
  • For cars with an OMV of up to $20,000:
    ARF = OMV
    Your ARF value is 100% of your OMV value.
  • For cars with an OMV ranging from $20,001 to $40,000:
    ARF = [(OMV - $20,000) x 140%] + $20,000
    Your ARF value is 140% of incremental OMV.
  • For cars with an OMV from $40,001 to $60,000:
    ARF = [(OMV - $40,000) x 190%] + $48,000
    The ARF value is 190% of incremental OMV.
  • For cars with an OMV from $60,001 to $80,000:
    ARF = [(OMV - $60,000) x 250%] + $86,000
    The ARF value is 250% of incremental OMV.
  • For cars with an OMV above $80,001:
    ARF = [(OMV - $80,000) x 320%] + $136,000
    The ARF value is 320% of incremental OMV.
Here's an example of a car with an OMV of $100,000 and its payable ARF: 

Vehicle OMV ($100,000) ARF Rate ARF Payable
First $20,000 100% 100% x $20,000= $20,000
Next $20,000 (i.e. $20,001 to $40,000) 140% 140% x $20,000= $28,000
Next $20,000 (i.e. $40,001 to $60,000) 190% 190% x $20,000= $38,000
Next $20,000 (i.e. $60,001 to $80,000) 250% 250% x $20,000= $50,000
Above $80,000 320% 320% x $20,000= $64,000
 
The total ARF payable in this case, based off the table above, is ($20,000 + $28,000 + $38,000 + $50,000 + $64,000) = $200,000. 
 
So, what is my car's deregistration value?

As mentioned earlier, your vehicle's deregistration value is the sum of a COE rebate and a PARF rebate:

[COE rebate + PARF rebate] = Deregistration value
ctaimage

Sgcarmart

Scrap & Export your Car

Get quotes from 100+ LTA authorised scrapyards & exporters.

Get Free Quote link red arrow

What is my COE rebate? How do I calculate my COE rebate?

When you deregister your car before your COE expires in its 10th year, you'll receive a rebate from LTA for the remaining COE left on your car. This amount is based off the Quota Premium (QP) that you'd last paid.   

Your COE rebate is: 

COE rebate = (Quota Premium Paid x Number of months left)/120 months

So, lets us use an example of a car which has a COE that costs $38,000. Let's say this COE expires on 5 June 2020, and you choose to deregister it on 2 May 2012.

Your unused duration of COE is:

From 2 May 2012 to 5 June 2020 to  = eight years one month and three days
= 97.1 months

And therefore, your COE Rebate amounts to = ($38,000 x 97.1) / 120 = $30,748.
 
 
But how do I calculate my PARF rebate?

You're entitled to a PARF rebate when you deregister a car that's less than 10 years old. This rebate allows you to recover the ARF paid when you first registered your car. Simply put, your PARF rebate depends on the age of your vehicle and its ARF value.

The PARF rebate is based off a percentage of your ARF value, which is based on your vehicle's OMV.
Here's how you calculate your PARF rebate:

PARF rebate = ARF x % based on the age of your car

Age of vehicle at deregistration PARF rebate (For cars registered with a COE obtained from May 2002 to 8 February 2023) PARF rebate (For cars registered with a COE obtained from 22 February 2023 onwards)
Not exceeding 5 years 75% of ARF paid 75% of ARF paid or $60,000 (whichever is lower)
Above 5 years but not exceeding 6 years 70% of ARF paid 70% of ARF paid or $60,000 (whichever is lower)
Above 6 years but not exceeding 7 years 65% of ARF paid 65% of ARF paid or $60,000 (whichever is lower)
Above 7 years but not exceeding 8 years 60% of ARF paid 60% of ARF paid or $60,000 (whichever is lower)
Above 8 years but not exceeding 9 years 55% of ARF paid 55% of ARF paid or $60,000 (whichever is lower)
Above 9 years but not exceeding 10 years 50% of ARF paid 50% of ARF paid or $60,000 (whichever is lower)
Above 10 years N.A. N.A.

*Note that all cars registered with a COE obtained from 22 February onward will have their PARF rebates capped at $60,000.

Once again, only cars that are deregistered within 10 years of its first registration are entitled to PARF rebates. These cars are known as "PARF cars".

If your COE is a renewed one, you won't be entitled to the PARF rebate when you deregister your vehicle. Your car then becomes known as the "COE car". Find out what's the difference between PARF cars and COE cars.
 

Let's use an example to calculate deregistration value

Cars registered with COEs obtained after 22 February 2023 will have their PARF rebates capped at $60,000
Suppose your $100,000 OMV car from above is being deregistered as above, with eight years more to go.

Your OMV is $100,000. As calculated above, you would have paid a total of $200,000 in ARF.
Based off the PARF rebate table above, your PARF rebate would be 75% of ARF, which is $150,000. 
Your remaining COE has eight years, one month and three days left. As your COE cost $38,000, the COE rebate will be $30,748.

Therefore, your car's deregistration value, being the sum of the PARF rebate and COE rebate, will be ($150,000 + $30,748) = $180,748 .

However, if this example was applied to a car that was registered with a COE obtained after 22 February 2023, the PARF rebate would be capped at $60,000. So, keeping all other factors, save the registration and deregistration date in the example above constant, your car's deregistration value will only be $60,000 + $30,748 = $90,748.
 

Confusing terms to take note of

Paper value



The paper value of your car is also known as its deregistration value. So, if someone enquires about the paper value, don't panic. They're just asking for its deregistration value. 

Scrap value
Scrap value, on the other hand, is the sum of your car's deregistration value plus your car's body value. As noted previously, the deregistration value is the sum paid by LTA. The body value, though, is the amount your dealer is willing to pay to take the car off your hands.
  
[Deregistration value + Body value] = Scrap value
  
See, finding out your car's deregistration value isn't as hard as it seems. It's useful to find out how much money you'll get back upon deregistering your car.
 

Here are some related articles that might interested you

  
Car de-registration 101 - What are your options
  
10 things you should know about renewing your COE
  
A simple guide to COE renewal: How & when should you renew
  
VES - How does it affect you as a car buyer
 

Need help to scrap or export your car? Quotz will handle all the calculations for you and get you the best price!
ctaimage

Sgcarmart

Scrap & Export your Car

Get quotes from 100+ LTA authorised scrapyards & exporters.

  • Find the highest scrap value for your car
  • Immediate encashment

Get Free Quote link red arrow

Or perhaps you would like to renew your COE and drive your car for another five to 10 years? Sgcarmart can help you secure a COE loan and renew your COE! 
ctaimage

Sgcarmart

Get COE Renewal Advice, Loans & Paperwork

We help you renew your COE and find the best loan rates in Singapore.

  • Complimentary pre-COE inspection
  • Settlement of entire COE renewal paperwork

Get started link red arrow

*This article was updated on 16 February 2023
author
Written by Akram Saheed  and Siddiq,
Writing may be my thing, but cars, well, that's just pure passion that I simply cannot get rid off.
Photos by Newslink
facebook icon
...
youtube icon
...
isntagram icon
...
tiktok icon
24.4k
 

Recommended Merchants

icon
TT Motorsport Pte Ltd
Repair & Servicing
icon
Kim Hoe And Co. (Since 1974) Pte Ltd
Tyres & Rims
 

Related Motor Directory Merchants

Tyres & Rims
Repair & Servicing
CNG Workshop
Security System
Motor Insurance Companies
Finance Companies & Banks
Decals, Stickers & Number Plates
 

All Advice Categories

Car Buying

Car Selling

Car Ownership

Car Technical

Car Maintenance

Miscellaneous

Related Articles

4 things you need to know about using a roundabout

4 things you need to know about using a roundabout

Stop retrofitting LEDs in your old head lights!

Stop retrofitting LEDs in your old head lights!

5 signs that your wheels are misaligned

5 signs that your wheels are misaligned

Oh no, your car’s interior is wet! What now?

Oh no, your car’s interior is wet! What now?

Relax, it's just the Stop-Start System

Relax, it's just the Stop-Start System

Eco-friendly tyres that last longer and save fuel

Eco-friendly tyres that last longer and save fuel

Best comfort-oriented tyres for a more relaxing drive

Best comfort-oriented tyres for a more relaxing drive

How to maintain your car leather

How to maintain your car leather

You May Also Like

EV your business with Hong Seh Evolution

EV your business with Hong Seh Evolution

Stop retrofitting LEDs in your old head lights!

Stop retrofitting LEDs in your old head lights!

Can we make it to Kuala Lumpur in one tank?

Can we make it to Kuala Lumpur in one tank?

Sgcarmart Explores: Kovan!

Sgcarmart Explores: Kovan!

V-Power up your everyday drive

V-Power up your everyday drive

The Audi e-tron GT points the way forward

The Audi e-tron GT points the way forward

BMW X5 xDrive40i M Sport Facelift Review

BMW X5 xDrive40i M Sport Facelift Review

First look: 7 things you should know about MINI's new family

First look: 7 things you should know about MINI's new family

Tags

paper value singapore paper value paper value singapore what is paper value coe coe rebate omv rebate omv

Contact Us
Careers
Follow Sgcarmart.com
facebook iconinstagram iconyoutube icontwitter icontelegram icon
sgcarmart app store download iconsgcarmart google play download iconsgcarmart app gallery download icon
Buy / Rent Cars
New Cars For SaleUsed Cars For SaleCars For Rent
Sell Your Car
Post an AdSell by BiddingSell by Consignment
Aftermarket
Workshop DirectoryAftermarket Products
Articles
Car ReviewsCar AdviceCar NewsCar FeaturesCar Videos
General
About UsContact UsCareersSite Map
Resources
COE PricesCar Loan CalculatorsCar Forum
 
Car InsuranceCar ValuationCOE Renewal
 
Used Car WarrantyBidded CarplatesCarpark Rates
Follow Sgcarmart.com
facebook iconinstagram iconyoutube icontwitter icontelegram icon
sgcarmart app store download iconsgcarmart google play download iconsgcarmart app gallery download icon
Sgcarmart is the number one car classifieds for buying vehicles like sports car, hybrid car, COE cars, OPC Car, hatchback, stationwagon, MPV, SUV, van, truck & parallel imported cars. Buy from new car dealer, parallel importer, car auction, etc. Also find useful products & services like car audio, car polishing, solar film, car accessories, car parts, car repair, car workshop, car bodykit, car tyre, sport rims, car mat, car stickers, mover, and motor insurance. Check out our car blog and coe prices. Find Rental Cars for short term rental, long term lease, private hire cars, wedding cars and cars for p-plate probation drivers.
Terms of ServicePrivacy PolicyPersonal Data Protection Statement
©2004-2023 Sgcarmart, Singapore. All rights reserved.
Terms of Service | Privacy | PDPA
©2004-2023 Sgcarmart, Singapore. All rights reserved.