OPC to normal car

[Gbsm]

I drive a OPC which is 3+ yrs old..I am planning to convert it to a normal car due to the need. I need to spend around 11K for that which I am ready.

The top up amount goes to ARF and COE, according to the LTA website..

My Questions are..

a)How to check the COE quota premium and ARF ?

b)If I sell my car after 3 yrs, Will I get a portion of the amount paid and how to calculate that.? My COE is 18K.

Many thanks!

 

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Example from LTA website...

Top up fee =

Upfront rebate of up to $17,000

120 months

X

(120 months - number of months & days registered as an OPC at time of conversion)

 

To illustrate, assume:

COE quota premium = $12,000

ARF = $22,000

OPC registered on 1 June 2003

OPC converted to normal car on 19 June 2006

 

OPC rebate of up to $17,000 offset against COE first, and then ARF.

COE quota premium paid = $0

ARF paid = $17,000 [$22,000

[Jman888]

once it is a normal car plate, just go check the COE and PARF online for its value, why bother with so many calculation?

[Lowrider]

let LTA do the math...

[Typhoonz]

Want to convert don't have to do some many calculations... LTA will do all for you... Even if you think you are correct, LTA comes up with another figure how?

 

I see you equations...

 

When I did my conversion last year, just referred to the onemotoring website and that's it...

[Nf0rc3r]

Once u convert to Normal.

New COE price = Old + Top-Up COE

New ARF = Old + Top Up ARF