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NEA & LTA: Early Turnover Scheme for old diesel vehicles


Darthrevan
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Owners of old diesel vehicles will have more incentives to replace their vehicles with cleaner models.

 

The National Environment Agency and the Land Transport Authority will implement a new Early Turnover Scheme from Wednesday for two years.

 

Under the scheme, owners can deregister their Category C diesel vehicles registered before 1 January 2001 and register a replacement Category C vehicle by paying a discounted Prevailing Quota Premium (PQP).

 

Owners will be allowed to transfer their eligible existing vehicle's unused period of its Certificate of Entitlement (COE) to the replacement vehicle.

 

In addition, the owners will get a bonus COE period for their replacement vehicle depending on the maximum laden weight (MLW) of the vehicle.

 

For example, for existing vehicles with a MLW of 3,500 kilogrammes or less, the bonus COE period will be 10 per cent of its remaining 20-year lifespan at deregistration.

 

For vehicles with a MLW of more than 3,500 kilogrammes, the bonus COE period will be 30 per cent of its remaining 20-year lifespan at deregistration.

 

The bonus proportion is set higher for heavier vehicles to further encourage their owners to replace them as these vehicles emit more particulate matter and are more expensive to replace than lighter ones.

 

The transferred COE and bonus COE periods will be capped at 10 years in total.

 

From Wednesday, a new e-Service known as "Calculator - Early Turnover Scheme" will be available at the one.monitoring portal.

 

Vehicle owners will be able to find out the amount of unused COE period and bonus COE period they can use to offset the PQP payable for the replacement vehicle.

 

Source: http://www.channelnewsasia.com/news/singap...me-/651308.html

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Neutral Newbie

There are a enhance early turnover scheme now for any Cat C diesel vehicles registered from Jan 2001 to Sep 2006. Its at a 13% and 100% respectively starting 1st Aug 2015.

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Hypersonic

There are a enhance early turnover scheme now for any Cat C diesel vehicles registered from Jan 2001 to Sep 2006. Its at a 13% and 100% respectively starting 1st Aug 2015.

Simi Lai eh? Donno what talking you

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Neutral Newbie

Simi Lai eh? Donno what talking you

Simply saying, if you got old lorry can get rebate from gahmen for replacing it with new euro 5 lorry....

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Hypersonic

Simply saying, if you got old lorry can get rebate from gahmen for replacing it with new euro 5 lorry....

 

don wan lah

renew coe cheaper [grin]

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Hypersonic

If your's are G-Plate then yes. If Y-plate then cheaper to do ETS.

 

I see i see

good advice [thumbsup]

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