Kazuya 4th Gear February 12, 2016 Share February 12, 2016 Dear All, Say I purchase a Hybrid vehicle with OMV of $22,000 and CEVS rebate of $15.000. What would the scrap value of my car be? Thanks. ↡ Advertisement Link to post Share on other sites More sharing options...
Lotr 6th Gear February 13, 2016 Share February 13, 2016 Dear All, Say I purchase a Hybrid vehicle with OMV of $22,000 and CEVS rebate of $15.000. What would the scrap value of my car be? Thanks. iirc, scrap is remaining coe + parf rebate remaining coe is quite easy to calculate, just a linear depreciation over 10 years parf rebate is based on a certain percentage of arf and reduces in a stepwise manner. arf is 110% of omv (if omv<20k, if >20k, arf will be higher), and since you have CEVS rebate, your arf will be reduced by the rebate. You can see the detailed figures in lta website Link to post Share on other sites More sharing options...
Kazuya 4th Gear February 13, 2016 Author Share February 13, 2016 (edited) Found an article in onemotoring that explains everything. Thanks! Edited February 13, 2016 by Kazuya Link to post Share on other sites More sharing options...
Mkl22 Twincharged February 13, 2016 Share February 13, 2016 Answer is $3900 Link to post Share on other sites More sharing options...
Kazuya 4th Gear February 13, 2016 Author Share February 13, 2016 I thought it should be $3500? 22,000 - 15,000 = $7000 (After factoring in cevs rebate) 7000 / 2 = $3500 Link to post Share on other sites More sharing options...
Zeally 3rd Gear February 13, 2016 Share February 13, 2016 I thought it should be $3500? 22,000 - 15,000 = $7000 (After factoring in cevs rebate) 7000 / 2 = $3500 Above 20k. Arf is 140%. So parf is (22000*1.4-15000)/2 Link to post Share on other sites More sharing options...
Carbon82 Moderator February 15, 2016 Share February 15, 2016 OMV => $22K ARF => $7.8K (100% on 1st $20K + 140% for $2K - $15K CEVS) PARF => $3.4K (50% of ARF) ↡ Advertisement 3 Link to post Share on other sites More sharing options...
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