When you deregister your vehicle, you may enjoy the following rebates— Preferential Additional Registration Fee (PARF) Rebates and Certificate of Entitlement (COE) rebates.
| Understanding PARF & COE rebates | PARF rebate is only for cars and taxis that are deregistered as follows:
The younger your car or taxi is when you deregister it, the more PARF rebate you will enjoy.
To enjoy the PARF rebate, your car or taxi must meet the eligibility criteria.
COE rebate is granted if you deregister your vehicle before its COE expires. The earlier you deregister your vehicle, the more COE rebate you will enjoy.
You have 12 months from the deregistration date to redeem your PARF and COE rebates. |
Meet the prerequisites to use your PARF &/or COE rebates |
There are 3 different ways to redeem your PARF and COE rebates. You can:
PARF and COE rebates are separate entities. You may transfer a rebate to more than one party if you divide them first. |
| Related digital services | Enquire PARF/COE rebate for your registered vehicle Enquire PARF/COE rebate for your deregistered vehicle |
Understanding PARF & COE rebates
You may be entitled to rebates when you deregister your vehicle, depending on the type and age of your vehicle, and the remaining balance of your COE. Any residual rebates (if applicable) will be granted upon deregistration and proper disposal of the vehicle.
PARF rebate
PARF rebate is only for cars and taxis that are deregistered as follows:
- Cars, not more than 10 years old;
- Non-electric taxis, not more than 8 years old;
- Electric taxis registered before 15 September 2022 and did not opt in for a 10-year statutory lifespan, not more than 8 years old; and
- Electric taxis registered from 15 September 2022, or registered before 15 September 2022 and have opted in for a 10-year statutory lifespan, not more than 10 years old.
It is calculated based on the age of your car / taxi when you deregister, and the amount of Additional Registration Fee (ARF) you paid. You can tell your car or taxi’s age by looking at the date it was registered locally or overseas, whichever is earlier. ARF-paid cars and taxis may be subject to a PARF rebate cap of $60,000. Details are as follow:
Revised PARF Rebate Structure
Eligibility for PARF rebate
Your car or taxi must meet the following criteria to enjoy the PARF rebate:
For Private / Off-Peak / Company / Private Hire Cars
- Must be a new car at the time of registration in Singapore, or an imported used car registered in Singapore on or after 1 September 2007
- Must not be more than 10 years old at the time of deregistration
- Must not have been laid up before
For Taxis
- Must have been a new taxi at the time of registration
- For non-electric taxis, must not be more than 8 years old at the time of deregistration
- For electric taxis registered before 15 September 2022 and did not opt in for a 10-year statutory lifespan, must not be more than 8 years old at the time of deregistration
- For electric taxis registered from 15 September 2022, or registered before 15 September 2022 and have opted in for a 10-year statutory lifespan, must not be more than 10 years old at the time of deregistration
- Must not have been laid up before
Enquire PARF rebate for vehicle you own
COE rebate
If you deregister your vehicle before its COE expires, you may be granted a rebate based on the amount you paid for the Quota Premium (QP), or the Prevailing Quota Premium (PQP) in the case of a renewed COE.
The amount will be pro-rated to the time remaining on your vehicle's COE when you deregister your vehicle.
See how COE rebate is calculated
The rebates differ for the following vehicles:
For vehicles registered under Category E COE
For vehicles deregistered for export within 2 years of registration
For OPC/ROPC deregistered after 2 years of registration
For OPC/ROPC deregistered for export within 2 years of registration
Validity of PARF/COE rebates
PARF/COE rebates are valid for 12 months from the vehicle deregistration date. You have 12 months to redeem all PARF/COE rebates from the date of deregistration before it expires.
Prerequisites to using your rebates
To use your rebate, you must meet the following prerequisites:
- Clear all outstanding payments or matters on the vehicle with LTA
- Clear any outstanding loans for your vehicle with your finance company
- Dispose of the deregistered vehicle by one of the following methods:
- Scrapping the vehicle at an LTA-appointed scrapyard
- Storing the vehicle at an LTA-appointed Export Processing Zone (EPZ) pending export
- Exporting the vehicle and submitting export documents approved by LTA
Using your rebates
PARF and COE rebates are separate entities. You can take more than one action on your PARF or COE rebate, or transfer a rebate to more than one party if you divide them first.
There are 3 ways you can redeem your rebates:
- Take them out in cash (encash)
- Use them to offset various taxes and fees when you register your new vehicle or renew the COE of your existing vehicle
- Transfer them to another party
1. Take your rebates out in cash (encash)
You have 12 months from your vehicle’s deregistration date to take your rebates out in cash (encash). Your application to encash the rebates must reach LTA before the 12 months is over.
There are 2 ways to encash your rebates:
Online using Singpass 2FA
At LTA counter (By appointment only) – for users not eligible for Singpass
2. Offset various upfront vehicle taxes and fees
Your PARF/COE rebates can be used to offset the Registration Fee (RF), Additional Registration Fee (ARF), the Quota Premium (QP), Used Car Surcharge and CEVS Surcharge that you have to pay when you register a new car.
The COE rebate can also be used to offset the Prevailing Quota Premium (PQP) that you have to pay to renew your COE for another vehicle under your ownership.
Any unused balance will be forfeited. If your rebate is higher than the amount you are using to offset different fees, e.g. renewal of COE, please encash your rebate, then pay your fees separately. Otherwise, you will not be able to proceed with the COE renewal transaction. Please note that if you encash your rebate, you will receive the rebate in your bank account (if you have provided a valid GIRO refund bank account) or via PayNow <NRIC/FIN/UEN> within 14 working days.
Alternatively, you can divide your rebate into smaller portions to offset your COE renewal exactly, and not have to forfeit any difference. There is a fee of $21.80 (inclusive of GST) for each new rebate portion generated.
Enquire with your motor agent on how to use your rebates to offset various vehicle taxes and fees.
3. Transfer your rebates to another person
You can transfer your PARF or COE rebate to another party. PARF and COE rebates are separate entities. If you want to transfer your PARF or COE rebate to more than one party, you must divide your rebate first. You will be charged a fee of $20 (inclusive of GST) for every transfer per rebate.
There are 2 ways to transfer your rebates:
Online – using Singpass 2FA
At LTA Counter (By appointment only) – for users not eligible for Singpass
Transfer of rebate belonging to a deceased vehicle owner
Divide your rebates
You can take more than one action on your PARF or COE rebate. PARF and COE rebates are separate entities. For example, you can take out part of your PARF rebate in cash and transfer the remainder to another party, or you may want to transfer your COE rebate to more than one party. In such cases, you have to first divide your rebate.
You will be charged a fee of $21.80 (inclusive of GST) for each new rebate portion generated. For example, if you split a rebate of $10,000 into 2 portions of $6,000 and $4,000, a fee of $43.60 (inclusive of GST) will be charged.
There are 2 ways to divide your rebates: