Jackpot Neutral Newbie March 13, 2006 Share March 13, 2006 If a car register in December 2004, COE = $23000 OMV = $16000 Is it possible to calculate the paper value for this car as of now? If yes, how to? Can someone enlighten me. Thanks in advance... ↡ Advertisement Link to post Share on other sites More sharing options...
Fjmeyer Neutral Newbie March 13, 2006 Share March 13, 2006 punch in your car details here and you will get the exact amount https://vrl.lta.gov.sg/lta/vrl/action/pubfu...ebateAfterDeReg Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 No, not checking for my car.... Saw some car on the net for sale.. tot of buying a 2 to 3yrs old car.... but would be best to know know the paper value 1st, do some calculations before calling them. Thanks. Link to post Share on other sites More sharing options...
Anakin Clutched March 13, 2006 Share March 13, 2006 COE is proportional to the remaining no of months. For this car, the remaining omv is to multiply by a factor of (0.75x1.1) or (omv x 0.825). Link to post Share on other sites More sharing options...
Lewfs Neutral Newbie March 13, 2006 Share March 13, 2006 approximately $33K Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 May i know how u get the figure? I think is good to learn some extra knowledge... Thanks. Link to post Share on other sites More sharing options...
Lewfs Neutral Newbie March 13, 2006 Share March 13, 2006 Paper value = COE rebate + PARF rebate COE rebate = (COE value/120)* no. of month COE left PARF rebate = for car registered before May 02 use formula A, otherwise use formula B Formula A: Not exceeding 5 years, 130% of OMV Above 5 years but not exceeding 6 years, 120% of OMV Above 6 years but not exceeding 7 years, 110% of OMV Above 7 years but not exceeding 8 years, 100% of OMV Above 8 years but not exceeding 9 years, 90% of OMV Above 9 years but not exceeding 10 years, 80% of OMV Formula B: Step 1 -For cars registered with COEs obtained from March 2004 tender exercise and onwards, ARF=110% of OMV. For cars registered with COEs obtained before March 2004 tender exercise, ARF=130% of OMV Step 2 - With the ARF value calculated using step 1 formula, you need to multiply by the percentage given below: Not exceeding 5 years, 75% of ARF paid Above 5 years but not exceeding 6 years, 70% of ARF paid Above 6 years but not exceeding 7 years, 65% of ARF paid Above 7 years but not exceeding 8 years, 60% of ARF paid Above 8 years but not exceeding 9 years, 55% of ARF paid Above 9 years but not exceeding 10 years, 50% of ARF paid Haha...cheim huh! Let me know if you are still no sure. Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 Will try to figure out myself 1st. Thanks. Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 Hi LEWFS, i calculated and only manage to get $30800 paper value for this car. This is how i do: Reg date : Dec 2004 COE = $23000 OMV = $16000 Step 1 - For cars registered with COEs obtained from March 2004 tender exercise and onwards, ARF=110% of OMV. so is 110% * $16000 = $17600 Step 2 - With the ARF value calculated using step 1 formula, you need to multiply by the percentage given below: Not exceeding 5 years, 75% of ARF paid so is 75% * $17600 = $13200 total = $17600 + $13200 = $30800 did i miss out anything??? How you get $33000? Thanks. Link to post Share on other sites More sharing options...
Deel Neutral Newbie March 13, 2006 Share March 13, 2006 ur last step : total = 17600 + 13200 = 30800 is wrong. Its not omv + 75% ARf, its remaining COE value + 75% ARF which gets u 33k+ abit... Link to post Share on other sites More sharing options...
Wuempire Neutral Newbie March 13, 2006 Share March 13, 2006 (edited) Hi All Brothers I wished to seek your knowledgeable reply. The price a dealer is willing to offer for a second hand car is Paper Value of Car + Price of its body. How is the price of car body derived, assuming a less than 5 year old 1.6l Jap car. Please enlighten. Thanks in Advance. Edited March 13, 2006 by Wuempire Link to post Share on other sites More sharing options...
Lewfs Neutral Newbie March 13, 2006 Share March 13, 2006 Hi Jackpot, Your last part is wrong, it should be COE rebate (app $20,125) + ARF rebate ($13,200), total = app $33,325...right? Link to post Share on other sites More sharing options...
Lewfs Neutral Newbie March 13, 2006 Share March 13, 2006 For the true Car Paper Value, its not hard to determine, just by using the formula provided above. But for the Car body price, its hard. It depend on the age of the car, demand of the make/model, colour of the car, dealer's contact and many more factors. However, in general, Jap car has more body value than Korean/other (correct me if I'm wrong here, and pardon me if I offended anyone by saying so). General guide line the body value should be around $4K~$6K for the car condition you mentioned. But the best way still is to check with your car dealer. Link to post Share on other sites More sharing options...
Riceracer Clutched March 13, 2006 Share March 13, 2006 I'm assuming your car is 4yr+ car. It quite dependent on brand. If it is a Toyota or Honda you might get 4-5k. Others 3k or less. Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 Hi LEWFS, your Coe rebate (app $20125) is it you get $26000/120 * 93 = $20150 (around your figure) If that's the case, so I've got it right? Thanks. Link to post Share on other sites More sharing options...
Lewfs Neutral Newbie March 13, 2006 Share March 13, 2006 Bro, Don't show people that you're a fool leh....keep input the wrong figure! 1st you mentioned COE is $23,000, now you say is $26,000??? And 1st you mentioned your car is Dec 2004, so left 105 months, not what you put in as 93 months lah!!! Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 bro LEWFS, sori sori, i see too many figure until i also blur already...... yes coe should be 23k and mths left is 105.... but my method of calculatio is correct right? Finally... Thanks for the help...very much appreciated.... Link to post Share on other sites More sharing options...
Jackpot Neutral Newbie March 13, 2006 Author Share March 13, 2006 bro DEEL, thanks for the help also..... ↡ Advertisement Link to post Share on other sites More sharing options...
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