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I need some help with some clarification. I've purchased a used Proton Gen 2 1.3M with the COE due on 1 August 2016 for $5500 OMV: $9,221 Original registration date: 1st August 2006 Actual ARF Paid: $10,144. Parf eligibility expiry date: 31 July 2016 Parf rebate amount: $5072 QP paid: $10,803 I need to ask if I were to de register and scrap/export my car on 22 July 2016, will that means I'm able to get back $5072 from the Parf rebate when encash? Will I need to pay LTA approved dealer for the processed of scrapping or exporting my car? And also do depreciation value take parts in the amount I can actually get back from LTA. Cause the seller wrote to me this. Buy: $5500 Min Parf: $5072 Diff: $430/3 months Depreciation lesser than $144/per month. This sounds too good to be true. Owning a car at $144 per month. Please help I need to know the actual cash that I can get back after scrapping/export my car after I de register it. I'm still new to all these. Hope for enlightenment.

By Channel NewsAsia | Posted: 01 July 2008 1419 hrs SINGAPORE: Car owners will now have the option to exchange their Preferential Additional Registration Fee (PARF) and the Certificate of Entitlement (COE) rebates for cash. The change follows a government review of the rebates to make it easier for motorists to give up their cars and switch to public transport. From September 1, registered owners of un-used and valid PARF/COE rebates can apply to the Land Transport Authority for encashment. Once their applications are processed, they will receive a refund equivalent to the rebate amount. To facilitate the implementation of this change, PARF/COE rebates with expiry dates between July 1 and September 29 will be extended to the end of September. Those affected will be informed of the revised expiry dates within the next two weeks. Motorists who wish to use their PARF/COE rebates to offset the upfront taxes for a new vehicle can continue to do so. The LTA says it will continue to issue rebates to car owners upon de-registration of their vehicles. The rebates will remain transferable and valid for 12 months to provide flexibility to vehicle owners. Transport Minister Raymond Lim had announced in March this year that the government would be reviewing the PARF and COE rebates. This was to tie in with the overall effort to make public transport a choice mode for all commuters, including car owners. - CNA/yb http://www.channelnewsasia.com/stories/sin.../357513/1/.html[/b] at last some good news for car owners giving up on their rides.

Abstract from CNA, http://www.channelnewsasia.com/stories/sin.../357513/1/.html SINGAPORE: Car owners will now have the option to exchange their Preferential Additional Registration Fee (PARF) and the Certificate of Entitlement (COE) rebates for cash. The change follows a government review of the rebates to make it easier for motorists to give up their cars and switch to public transport. From September 1, registered owners of unused and valid PARF/COE rebates can apply to the Land Transport Authority for encashment. Once their applications are processed, they will receive a refund equivalent to the rebate amount. To facilitate the implementation of this change, PARF/COE rebates with expiry dates between July 1 and September 29 will be extended to the end of September. Those affected will be informed of the revised expiry dates within the next two weeks. Motorists who wish to use their PARF/COE rebates to offset the upfront taxes for a new vehicle can continue to do so. The LTA says it will continue to issue rebates to car owners upon de-registration of their vehicles. The rebates will remain transferable and valid for 12 months to provide flexibility to vehicle owners. Transport Minister Raymond Lim had announced in March this year that the government would be reviewing the PARF and COE rebates. This was to tie in with the overall effort to make public transport a choice mode for all commuters, including car owners.