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How Is Parf Rebate Calculated
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Therefore your COE rebate is calculated as follows COE rebate 30 000 x 33 120 In this example your COE rebate would be S 8 250 If you choose to wait until your COE fully expires to scrap your car you won t be eligible for any COE rebate as there won t be any time left on your car s COE
The deregistration value of your car is calculated by adding the PARF rebate and the COE rebate together In this example the sum would be 117 600 16 454 16 134 054 16 If a car s COE was obtained after 22nd February 2023 the Paid up Additional Registration Fee PARF rebate would be capped at 60 000
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Rebate Calculations 101 How Are Rebates Calculated Enable
Rebate Calculations 101 How Are Rebates Calculated Enable
The calculation to know how much you can reclaim is based on the amount you paid for the Quota Premium QP or Prevailing Quota Premium PQP in the case of a vehicle with a renewed COE Here s the sum you need to understand COE rebate QP or PQP of 10 year COE paid x Total unused period of COE 120 months
Here s how it works COE rebate QP paid x of months left on your COE Total of months bought by COE For example let s assume you paid a QP of S 50 000 for your COE and you ve decided to deregister it after 8 years and 6 months COE rebate S 50 000 x 18 months 120 months
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Guide To COE Rebate PARF Rebate Articles Motorist Singapore
Guide To COE Rebate PARF Rebate Articles Motorist Singapore
If you enjoyed an emissions rebate for the car or taxi you are deregistering your Preferential Additional Registration Fee PARF rebate will be calculated based on the net ARF that you paid after taking into account the emission rebates
The PQP is calculated by taking the moving average of COE prices in the last 3 months This means that the PQP will change every month Find the latest PQP here Should I renew my COE for 5 or 10 years If you do decide to renew your COE you have the option to extend it by five or 10 years
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The deregistration value of your car is calculated by adding the PARF rebate and the COE rebate together In this example the sum would be 117 600 16 454 16 134 054 16 If a car s COE was obtained after 22nd February 2023 the Paid up Additional Registration Fee PARF rebate would be capped at 60 000
https://www.singsaver.com.sg/blog/parf-rebate-coe-rebate
There are two ways to calculate your COE rebate Use LTA s COE and PARF rebate calculator or Manually calculate using the formula below The formula to calculate how much COE rebate you can receive is to pro rate the cost of your COE based on its remaining period in months when you deregister it
The deregistration value of your car is calculated by adding the PARF rebate and the COE rebate together In this example the sum would be 117 600 16 454 16 134 054 16 If a car s COE was obtained after 22nd February 2023 the Paid up Additional Registration Fee PARF rebate would be capped at 60 000
There are two ways to calculate your COE rebate Use LTA s COE and PARF rebate calculator or Manually calculate using the formula below The formula to calculate how much COE rebate you can receive is to pro rate the cost of your COE based on its remaining period in months when you deregister it
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