Convert to OPC

[Foe77]

Is it worth it to convert to OPC if i dun hve ani outstanding loan??If convert do i get back the rebate as cash or wat??

I bought the car @63k wif the COE @20k

i not much use of the car as my workin hrs start on 7am-7pm and 2wks of 7pm-7am..

BTW what time is the Off peak starts and Ends??

Pls Advise..TKS..

[Anakin]

wah, if u permanant 7am - 7pm cycle, OPC is the way for you man!

[Luv_presea]

i dun think it's worth la.. i'm not sure about the rebate thing.. but since ur working hours are from 7pm-7am, den how u supposed to reach ur work place in time? as weekdays u can only start driving after 7pm. so ur work start at 7pm. and the OPC time is also 7pm. so for that 2 weeks u can't drive.

on weekdays, 7pm - 7am

Sat, 3pm onwards

sun, whole day till monday morning 7am.

[Scenium]

If parking is paid by company then no problem.

If not 12 hrs of parking..

Might as well park at home.

[Foe77]

Tks bro..

i intend to gt a bike if my wrk start @7pm if can get the rebate in cash..

my sis can drive if mi on nite as she also nid to get to office ard 7a.m

if convert can save on rd tax and the cab $ tat she nid to pay..

[Foe77]

Free parking in company..so dun nid wori..

feel tat its a waste if park overnite in co. cos my sis cant use if mi on nite..

[Zepil99]

what ever u pay to the govern, u cannto get back in cash, that includes COE, u get a paper that rebates your next COE for new car......

 

what i heard is that every year after u convert, your OMV increase by 2k, something like that, not very sure. Only sure u cannot get cash back

[Foe77]

tks man..

thn no point lor..inn tat case my OMV will increase by( 2k * no.of yrs my car left) ..am i rite?oni thing is ui pay less rd tax..

[Ice34_y2k]

can chk out the details at www.onemotoring.com.sg...

 

you'll find the neccessary info...

[Harvardsch]

I was hesitating whether to selling away my 4-years old Lancer (seldom use it nowadays because I

[Albeniz]

Besides OMV, will there be any rebate on the COE of the current car?

 

What is the rate for the COE rebate?

Edited June 11, 2008 by Albeniz

[Carbon82]

Is it worth it to convert to OPC if i dun hve ani outstanding loan??If convert do i get back the rebate as cash or wat??

I bought the car @63k wif the COE @20k

i not much use of the car as my workin hrs start on 7am-7pm and 2wks of 7pm-7am..

BTW what time is the Off peak starts and Ends??

Pls Advise..TKS..

You would not be getting cash back for converting to OPC. Instead you will get additional $2.2K in PARF value for each year your car is wearing red registration plate. Of course on top of that, you will get road tax rebate of up to $800/yr, subject to a min. of $50.

 

Timing for OPC use:

Mon - Fri: 7pm - 7am

Sat: 3pm onwards

Sun & PH: Full day

[Carbon82]

No extra COE rebate will be given for conversion of normal car to OPC. In fact for new car, the $17K may be use to offset vehicle taxes and/or COE.

[Albeniz]

If one is driving a COE car and decides to convert it to an OPC.

 

What benefits can he get? What is the road-tax rebate like?

[Scoots]

Is it worth it to convert to OPC if i dun hve ani outstanding loan??If convert do i get back the rebate as cash or wat??

I bought the car @63k wif the COE @20k

i not much use of the car as my workin hrs start on 7am-7pm and 2wks of 7pm-7am..

BTW what time is the Off peak starts and Ends??

Pls Advise..TKS..

 

1. OPC timings.

Can use during:

Weekdays: 7pm - 7am

Saturdays: from 3pm onwards

Sundays: whole day

Public Holidays: Whole day

Eve of Christmas, New Year, Chinese New Year, Deepavali, Hari Raya Puasa: 3pm onwards.

 

2.Coversion to OPC

You do not get cash back but rather, a pro-rated value 'credited' to your PARF value (or something like that). You will enjoy discounted yearly road tax.

 

Everything you want to know can be found here:

http://www.lta.gov.sg/motoring_matters/index_motoring_vo.htm

[Nhyone]

If I buy a new OPC car, I get $17k rebate. If I buy a new normal car and convert it to OPC immediately, in ten years time I get an additional PARF of $22k ($2,200 x 10) instead. How come?

[Chrysalis_guy]

LTA website has it