OPC car structure

[Kueijie]

Hi guys,

 

My ride is due for scrap in 4mths time, so 1 of the option for me is getting a 2nd hand OPC car then convert it to normal plate. So I wanna understand how does OPC structure works, a few doubts here.

 

1) Can it be done? as in buy a 2nd hand OPC car, then convert it to normal plate.

 

2) I know that if a car is OPC, the COE will be $17K cheaper, but what happen if the COE bidding that time is less than $17K? will it affect the PARF value?

 

3)if say i going to convert a 2nd hand car (say left 5 yrs) back to normal plate, COE say at 15K, OMV at 10K? how do i do my math?

 

Thanks in advance

 

 

 

 

 

[Maseratigood]

Hi guys,

 

My ride is due for scrap in 4mths time, so 1 of the option for me is getting a 2nd hand OPC car then convert it to normal plate. So I wanna understand how does OPC structure works, a few doubts here.

 

1) Can it be done? as in buy a 2nd hand OPC car, then convert it to normal plate.

 

2) I know that if a car is OPC, the COE will be $17K cheaper, but what happen if the COE bidding that time is less than $17K? will it affect the PARF value?

 

3)if say i going to convert a 2nd hand car (say left 5 yrs) back to normal plate, COE say at 15K, OMV at 10K? how do i do my math?

 

Thanks in advance

 

 

 

 

 

LTA helpline is very helpful, just give them call, I did it on other enquiries before.

[Sci10213]

Hi guys,

 

My ride is due for scrap in 4mths time, so 1 of the option for me is getting a 2nd hand OPC car then convert it to normal plate. So I wanna understand how does OPC structure works, a few doubts here.

 

1) Can it be done? as in buy a 2nd hand OPC car, then convert it to normal plate.

 

2) I know that if a car is OPC, the COE will be $17K cheaper, but what happen if the COE bidding that time is less than $17K? will it affect the PARF value?

 

3)if say i going to convert a 2nd hand car (say left 5 yrs) back to normal plate, COE say at 15K, OMV at 10K? how do i do my math?

 

Thanks in advance

 

 

 

 

 

 

1) Yes, you can... you just need to top up the $$$

 

2) Not sure but if you are going to buy a new car, you will not face this problem because the COE now is already > $70k. And the likelihood of COE going to drop to below $17k in the next 5 years is 0.000000000000001%.

So is there still a need to know the answer to this?

 

3) Refer to LTA website for formula