Viewed : 187,638 times
Is your COE expiring? Here's a guide if you need to check deregistration value, enquire on PARF/COE rebates, or you're looking to scrap your car.
Category: Car Ownership Advice
In Singapore, unless you've renewed your Certificate of Entitlement (COE), the lifespan of your car is capped at ten years. When your COE is close to expiring, and you're not planning to renew it, you must be wondering – should you export or scrap your car?
Be it scrap or export, there are many ways to go about it. If you're looking to deregister your car, and you're not sure how to do so, fret not! Here's a trusty guide on how deregistration works.
What is car deregistration?
When you deregister a car, LTA gives you a sum of money in return. This sum of money is known as your car's deregistration value or paper value. It's useful to know how to calculate your car's deregistration value so that you'll know how much money you'll be getting back.
Your car's deregistration value is the sum of your COE rebate and the Preferential Additional Registration Fee (PARF) rebate. However, only "PARF cars" are entitled to both PARF rebates and COE rebates; "COE cars" are only entitled to COE rebates.
Find out what's the difference between PARF cars and COE cars.
Deregister your car with a Motor Dealer
For car deregistration and disposal services, you can approach your motor dealer for assistance. Be sure to visit trustworthy motor dealers to stay clear of unwanted problems.
Alternatively, you can check out sgCarMart's Quotz service. Whether it's scrap, export or dealing with tedious paperwork, Quotz will handle it all for you. They'll get the best quotations from dozens of scrapyards and direct vehicle exporters – saving you all the trouble and getting you the best returns.
With that blatant advertising plug out of the way, let's talk about DIY deregistration or deregistering your car with LTA.
Deregister your car with LTA by yourself
If you're feeling all independent, you'll need to take charge of all the paperwork by yourself.
You'll also need to ensure you follow proper procedures like towing your car to appointed zones and ensuring that you meet the stipulated deadlines under LTA's requirements.
Deregister your car via One Motoring (you have to log in with either your SingPass or CorpPass)
Some things to take note of
- You'll receive payment from LTA based on the deregistration value (paper value) and unused road tax of your car in about two weeks upon submission of disposal documents
- For the unused portion of your car insurance, you will have to contact your insurer separately for the refund
- Under the law, once you deregister your car, you are not allowed to drive in it. Therefore, drive your car to the disposal point before starting the deregistration process online to save on towing fees
Where to dispose your car after deregistration
Upon deregistering your car, you'll need to dispose of it and submit proof of its disposal within a month. Failure to submit proof of your car's disposal is a serious offence. Here are your disposal options:
- Scrapping at an LTA Appointed Scrapyard
- Temporarily storing it at an LTA Appointed Export Processing Zone (EPZ)
- Exporting it