Yahgo22 1st Gear April 6, 2012 Share April 6, 2012 Open Market Value: $15,756.00 Original Registration Date: 09 Feb 2007 First Registration Date: 09 Feb 2007 Transfer Count: 0 Actual ARF Paid: $17,332.00 Intended PARF Rebate Details PARF Eligibility: Yes PARF Eligibility Expiry Date: 08 Feb 2017 PARF Rebate Amount: $8,666.00 Intended COE Rebate Details COE Expiry Date: 08 Feb 2017 COE Category: A - Car (1600cc & below) & Taxi COE Period(Years): 10 QP Paid: $11,489.00 COE Rebate Amount: $20.00 Total Rebate Amount: $8,686.00 S$ 8686 when I scrap my car b4 the ORG date. ↡ Advertisement Link to post Share on other sites More sharing options...
0wnage 2nd Gear April 6, 2012 Share April 6, 2012 (edited) Yes, you'll be getting back 55% of your OMV (which is your PARF rebate) if you de-register your car during the 9th year up to 1 day before the 10th year. And of course adding in the amount due to the unused COE based on your QP paid. Edited April 6, 2012 by 0wnage Link to post Share on other sites More sharing options...
Yahgo22 1st Gear April 6, 2012 Author Share April 6, 2012 Yes, you'll be getting back 55% of your OMV (which is your PARF rebate) if you de-register your car during the 9th year up to 1 day before the 10th year. And of course adding in the amount due to the unused COE based on your QP paid. Thks bro for your useful infos. Link to post Share on other sites More sharing options...
Theredstar 2nd Gear August 28, 2012 Share August 28, 2012 Yes, you'll be getting back 55% of your OMV (which is your PARF rebate) if you de-register your car during the 9th year up to 1 day before the 10th year. And of course adding in the amount due to the unused COE based on your QP paid. My SE told me the PARF rebate is a percentage of the total taxes paid leh i.e. OMV 100% + Custom duty 20% + GST 7%. So still very confused which is the number to look at Link to post Share on other sites More sharing options...
Civic6228 6th Gear August 28, 2012 Share August 28, 2012 My SE told me the PARF rebate is a percentage of the total taxes paid leh i.e. OMV 100% + Custom duty 20% + GST 7%. So still very confused which is the number to look at What brand of car is your SE selling ????? BS-ing you lah ..... Rebate is 55% plus unused COE .... U can also got to "One motoring to get an accurate figure. https://vrl.lta.gov.sg/lta/vrl/action/pubfu...bateBeforeDeReg Link to post Share on other sites More sharing options...
Redplanet Clutched August 28, 2012 Share August 28, 2012 Parf rebate is always a % of the OMV, subject to which year the car was originally registered. I think 2008 and later should be 50%. Link to post Share on other sites More sharing options...
Steptronic Supercharged August 28, 2012 Share August 28, 2012 Yes, you'll be getting back 55% of your OMV (which is your PARF rebate) if you de-register your car during the 9th year up to 1 day before the 10th year. And of course adding in the amount due to the unused COE based on your QP paid. It is 50% only if you scrap anytime after completing 9 years but before reaching full 10 years. Please see the table for reference of PARF rebates at various life stage of a car. http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html Link to post Share on other sites More sharing options...
Steptronic Supercharged August 28, 2012 Share August 28, 2012 My SE told me the PARF rebate is a percentage of the total taxes paid leh i.e. OMV 100% + Custom duty 20% + GST 7%. So still very confused which is the number to look at You better add this SE in one thread started for this "special" type of SEs! Link to post Share on other sites More sharing options...
Theredstar 2nd Gear August 28, 2012 Share August 28, 2012 (edited) What brand of car is your SE selling ????? BS-ing you lah ..... Rebate is 55% plus unused COE .... U can also got to "One motoring to get an accurate figure. https://vrl.lta.gov.sg/lta/vrl/action/pubfu...bateBeforeDeReg ALFA. he was trying to convince me that even though COE high now i will suffer minimal paper loss after 5 yrs shld i choose to deregister cos: COE = 50% PARF Rebate = 75% of ARF+Custom duty+GST = almost 100% OMV.... This is the same site i went and i even screenshot for him. There's also this table about how the ARF is amortised http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html but he v confident leh keep telling me whatever he said is true Edited August 28, 2012 by Theredstar Link to post Share on other sites More sharing options...
Redplanet Clutched August 28, 2012 Share August 28, 2012 Just for viewing convenience. Taken from one motoring. For cars registered with COEs obtained from March 2008 tender exercise and onwards, the Additional Registration Fee (ARF) is 100% of Open Market Value (OMV). For cars registered with COEs obtained from March 2004 to February 2008 tender exercises, the ARF is 110% of OMV. For cars registered with COEs obtained from May 2002 to February 2004, the ARF is 130% of OMV. For cars registered with COEs obtained before May 2002, the ARF is 140% of OMV. Link to post Share on other sites More sharing options...
Wt_know Supersonic August 28, 2012 Share August 28, 2012 (edited) GST also can take back? like that win liao lor i tell you ... pig can climb tree ... it's true ... but he v confident leh keep telling me whatever he said is true Edited August 28, 2012 by Wt_know Link to post Share on other sites More sharing options...
Theredstar 2nd Gear August 28, 2012 Share August 28, 2012 basket buy liao then all the nonsense come out COE say existing stock give Open Cat 85k+ end of day only 84k+ when queried, they told me really is 85k but cos that bid the Cat B is lower so reduced to Cat B price. Given he is not lying about the Open Cat price BUT shldn't he tell me the lower value (and use it for all his calculation) when I am buying? Then now I find out his calculation is wrong.... Then brought my car for detailing detailer st away show me all the scratches and swirl marks brand new leh!!!! Still got one more dealing to collect my cheque... Dunno what other pattern EA gonna chut Link to post Share on other sites More sharing options...
Steptronic Supercharged August 28, 2012 Share August 28, 2012 ALFA. he was trying to convince me that even though COE high now i will suffer minimal paper loss after 5 yrs shld i choose to deregister cos: COE = 50% PARF Rebate = 75% of ARF+OMV+GST = almost 100% OMV.... This is the same site i went and i even screenshot for him. There's also this table about how the ARF is amortised http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html but he v confident leh keep telling me whatever he said is true That equation itself wrong leh. ARF=OMV. So, 75%+75%+5.25% (75% of 7%GST) equals 155.25% and not 100%. Looks like Alfa will fetch more money than what you spent initially Link to post Share on other sites More sharing options...
Theredstar 2nd Gear August 28, 2012 Share August 28, 2012 That equation itself wrong leh. ARF=OMV. So, 75%+75%+5.25% (75% of 7%GST) equals 155.25% and not 100%. Looks like Alfa will fetch more money than what you spent initially Sorry. Supposed to be: PARF Rebate = 75% of ARF+Custom duty+GST = almost 100% OMV.... But is still wrong right? WLE LL? Link to post Share on other sites More sharing options...
StefanK Supercharged August 28, 2012 Share August 28, 2012 basket buy liao then all the nonsense come out COE say existing stock give Open Cat 85k+ end of day only 84k+ when queried, they told me really is 85k but cos that bid the Cat B is lower so reduced to Cat B price. Given he is not lying about the Open Cat price BUT shldn't he tell me the lower value (and use it for all his calculation) when I am buying? Then now I find out his calculation is wrong.... Then brought my car for detailing detailer st away show me all the scratches and swirl marks brand new leh!!!! Still got one more dealing to collect my cheque... Dunno what other pattern EA gonna chut Can return the car because of the scratches and swirls? After that can report to CASE for follow-up maybe. As for the OMV, I thought only 2007 and earlier is 55%, 2008 is 45%, 2009 onward is 35%? Link to post Share on other sites More sharing options...
Steptronic Supercharged August 28, 2012 Share August 28, 2012 basket buy liao then all the nonsense come out COE say existing stock give Open Cat 85k+ end of day only 84k+ when queried, they told me really is 85k but cos that bid the Cat B is lower so reduced to Cat B price. It is true that Cat E assumes the lowest between the its face value and the Category it is registered to. That is why no dealer uses Cat E to register Cat A. Link to post Share on other sites More sharing options...
Civic6228 6th Gear August 28, 2012 Share August 28, 2012 ALFA. he was trying to convince me that even though COE high now i will suffer minimal paper loss after 5 yrs shld i choose to deregister cos: COE = 50% PARF Rebate = 75% of ARF+OMV+GST = almost 100% OMV.... This is the same site i went and i even screenshot for him. There's also this table about how the ARF is amortised http://www.onemotoring.com.sg/publish/onem...OE_Rebates.html but he v confident leh keep telling me whatever he said is true Let do a simple case study, OMV for 159 - 25k COE - 90k After 5 yrs Rebate - PARF - 70% of OMV - 25k X 70 percent = 17,500 COE rebate - 5 years - 90k X 50 percent = 45,000 Est COE/PARF Rebate - 17,500 + 45,000 = 62,500 How much is the 159 selling now ???? 160k .... In 5 years, depreciation of the car is 160k - 62.5k = 97.5k in 5 years ...... 19.5k annually .... The "paper lost" is almost 100k in 5 years and that is "little" ??????? Better to siam this SE, he do not know what he is talking ..... IMO. Link to post Share on other sites More sharing options...
Steptronic Supercharged August 28, 2012 Share August 28, 2012 Sorry. Supposed to be: PARF Rebate = 75% of ARF+Custom duty+GST = almost 100% OMV.... But is still wrong right? WLE LL? In that case, it is 75%+15%+5.25% equals to 95.25%. Still it is BS! ↡ Advertisement Link to post Share on other sites More sharing options...
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