Renewing COE (post-MAS ruling)

[Johnnylim]

I doubt you will 'lose' the existing COE.

 

Will get refund the 'balance' after pro-rate, no?

Once u renew yr COE before the 10 yrs, any existing balance COE rebate will be $0, even if u decide to scrap yr vehicle before the 10th year. Correct me if I'm wrong.

[Dark]

I doubt you will 'lose' the existing COE.

 

Will get refund the 'balance' after pro-rate, no?

 

Look here: Renew COE for an existing vehicle

 

Seems like will be forfeited.

 

The question is more like if you deregister before the renewed COE expiry, will you get a pro-rated refund?

[Othello]

Once u renew yr COE before the 10 yrs, any existing balance COE rebate will be $0, even if u decide to scrap yr vehicle before the 10th year. Correct me if I'm wrong.

 

you are right - no refund of balance. Means to say once you decide to renew COE, your PARF can throw out of the window

 

[Othello]

Look here: Renew COE for an existing vehicle

 

Seems like will be forfeited.

 

The question is more like if you deregister before the renewed COE expiry, will you get a pro-rated refund?

 

Ye, deregister will get prorated refund from OMV + COE. Got the deregister e-service function on onemotoring

 

[Dark]

Ye, deregister will get prorated refund from OMV + COE. Got the deregister e-service function on onemotoring

 

I'm talking about AFTER COE renewal, understand that existing COE and PARF will be forfeited, but no info on COE rebate after renewal if deregister before expiry.

[Mcfguy]

so complicated. read till i luan liao. So, when is the appropriate time to renew coe? half year to 3 months befote coe expiry?

Edited March 19, 2013 by Mcfguy

[Dark]

so complicated. read till i luan liao. So, when is the appropriate time to renew coe? half year to 3 months befote coe expiry?

 

Anytime before current COE expiry. But as above you lose your existing COE + PARF and you get a new lease of COE for the next 5/10 years following renewal.

 

I think this is to prevent those 90k COE from renewing when COE drops to 10k and getting some 80k back - essentially plugging this loophole

 

But there is still no answer on whether there is a COE rebate if dereg after renewal (for the renewed COE portion)

[Benarsenal]

The question is more like if you deregister before the renewed COE expiry, will you get a pro-rated refund?

 

I don't think got. Not that I remember anyway.

[Wpohwah]

Sorry to ask..... will I get/can I use my parf to offset the renewal of coe( 5 or 10years)?? I understand that we will get back our parf of 55% if we renew at year 9. And more parf will be given to us if let's say we renew earlier.... pls advice.

[Hamburger]

Sorry to ask..... will I get/can I use my parf to offset the renewal of coe( 5 or 10years)?? I understand that we will get back our parf of 55% if we renew at year 9. And more parf will be given to us if let's say we renew earlier.... pls advice.

what parf?? once you renew, parf will be makan regardless of how many years or months left

[Wpohwah]

what parf?? once you renew, parf will be makan regardless of how many years or months left

 

Oic..... that's mean only we 杀车on the 10yrs then we get back our parf? Wat is use of the parf? To only buy new car?

[Hamburger]

Oic..... that's mean only we 杀车on the 10yrs then we get back our parf? Wat is use of the parf? To only buy new car?

yup.

but nowadays not so bad as LTA will return the sum directly to car owners.

 

It use to be the case when its only able to offset from buying new car. If not getting one, only revenue is to sell the paper to car dealers where they may charge up to 3%.....crooks

[Wpohwah]

yup.

but nowadays not so bad as LTA will return the sum directly to car owners.

 

It use to be the case when its only able to offset from buying new car. If not getting one, only revenue is to sell the paper to car dealers where they may charge up to 3%.....crooks

 

Thks for yr helpful advice........ if let's say my omv is 24k, I will get back $13200 in cash,right? And maybe extra $1000 for the body?

[Butakim]

Just check onemotoring.