PARF rebate: three cohorts, the new cap and who actually qualifies
For Singapore owners deregistering a car within 10 years: the same car can carry $60,000 or $24,000 of PARF, depending on its COE bidding exercise. Estimate yours, then ask for it as its own quote line.
- three PARF cohorts
- net ARF, not OMV
- COE rebate by unused months
By Carscrap TeamFigures checked against primary sourcesUpdated
- COE before 2nd Feb 2023 bidding GOV 75% of ARF, no cap $60,000
- COE 2nd Feb 2023 to 1st Feb 2026 GOV 75% of ARF, capped at $60,000 $60,000
- COE from 2nd Feb 2026 bidding GOV 30% of ARF, cap $30,000 $24,000
The short answer
What PARF is: a refund of ARF, not of the car’s price
The PARF rebate returns part of the ARF paid at registration when a car is deregistered within 10 years. COEs from before the 2nd February 2023 bidding get 75% to 50% with no cap.
- COEs from then to the 1st February 2026 bidding get the same, capped at $60,000.
- From the 2nd February 2026 bidding it is 30% to 5%, capped at $30,000, and nil after 10 years.
PARF and the COE rebate, defined
PARF stands for Preferential Additional Registration Fee. The Land Transport Authority (LTA) pays it on part of the Additional Registration Fee you paid, never on the price of the car.
The Certificate of Entitlement (COE) rebate is a separate payment for the unused part of the Quota Premium (QP) and Prevailing Quota Premium (PQP). Together they are called paper value.
- Both are paid by LTA, whoever buys the car.
For other routes out of car ownership, see the Singapore vehicle exit guides, or browse every Carscrap guide by topic.
PARF rebate calculator
PARF and COE rebate calculator
Enter net ARF, bidding exercise and deregistration date.
- PARF rebate GOV 30% of net ARF $24,000
- COE rebate GOV QP x 30 / 120 $25,000
- Body or export value BUYER $2,000
What is PARF worth now
What is the current PARF rebate?
The current rebate depends on the COE cohort. Newer COEs from the 2nd February 2026 bidding get 30% of ARF at 5 years or less, falling 5 points a year to 5%, capped at $30,000. Older cohorts run from 75% to 50%.
| Age at deregistration | COE before 2nd Feb 2023 bidding | COE 2nd Feb 2023 to 1st Feb 2026 | COE from 2nd Feb 2026 |
|---|---|---|---|
| Not more than 5 years | 75% | 75% or $60,000 | 30% or $30,000 |
| Above 5, not more than 6 years | 70% | 70% or $60,000 | 25% or $30,000 |
| Above 6, not more than 7 years | 65% | 65% or $60,000 | 20% or $30,000 |
| Above 7, not more than 8 years | 60% | 60% or $60,000 | 15% or $30,000 |
| Above 8, not more than 9 years | 55% | 55% or $60,000 | 10% or $30,000 |
| Above 9, not more than 10 years | 50% | 50% or $60,000 | 5% or $30,000 |
| More than 10 years | Nil | Nil | Nil |
The schedules come from LTA OneMotoring: PARF & COE Rebate and the LTA release on the revised cap.
COE-exempt cars and taxis switch by registration date (15 February 2023, then 13 February 2026).
Rebate schedule by car age
Scenario A
Same car, one bidding exercise apart: $60,000 or $24,000
The cohort, not the car, moved the rebate by $36,000 in this hypothetical illustration.
- 75% of $80,000 net ARF $60,000
- Cap $60,000: not exceeded $60,000
- PARF GOV $60,000
- 30% of $80,000 net ARF $24,000
- Cap $30,000: not reached $30,000
- PARF GOV $24,000
Three cohorts, so an old PARF figure can be wrong by tens of thousands
PARF now runs on three schedules, and the COE bidding exercise picks yours. A car with a COE from before the 2nd February 2023 bidding keeps 75% to 50% of net ARF with no ceiling. The next cohort keeps those percentages under a $60,000 cap.
COEs from the 2nd February 2026 bidding onwards drop to 30% to 5%, capped at $30,000. Before accepting paper value in a quote, ask which bidding exercise and net ARF it assumes. An old calculator can overstate the newest cars by the whole gap above.
Why Budget 2026 cut the rebate, and who it caught mid-purchase
Singapore Budget 2026 cut it. The Ministry of Transport (MOT) oral reply tied it to electric vehicles becoming commonplace.
Rebates attach at registration, so buyers who signed earlier but won a later COE got the new schedule.
Headline check
Is the PARF rebate for deregistering cars reduced to $30,000?
Existing cars keep the schedule they registered under
No, not for existing cars. The $30,000 cap applies to cars with COEs from the 2nd February 2026 bidding onwards, and to COE-exempt cars and taxis registered on or after 13 February 2026.
The $30,000 is a ceiling: at 30%, it binds only above $100,000 net ARF. This change is in force.
Four steps
How to calculate PARF rebate amount?
Multiply your net ARF by the percentage for your cohort and age band, then apply the cohort's cap. A car past 10 years gets nil, and OMV plays no part.
-
Find net ARF paid
Use the ARF after any VES, CEVS, Green Vehicle or OPC rebate, not the OMV.Run the four steps in the calculator -
Fix the age
Count from the original registration date to the planned deregistration date. -
Apply the band
Take the percentage for that age band in your COE cohort. -
Apply the cap
Limit the result to $60,000 or $30,000 where the cohort has a cap. Nil above 10 years.
Why your PARF is lower than the table: net ARF after VES and OPC rebates
For vehicles with tax incentives, LTA uses the net ARF you paid. Vehicular Emissions Scheme (VES) and CEVS rebates at purchase shrink the base, so less comes back at the end.
The anniversary effect: one day can move PARF by 5 percentage points
Crossing an anniversary drops the car one band, 5 percentage points of ARF in every schedule. Check the exact date.
Eligibility
Who actually qualifies for PARF
All four conditions must hold.
- [ ] COPY 1 · OneMotoring
New, or a young import
New at registration, or an imported used car not more than 3 years old when registered here on or after 1 September 2007.
- [ ] COPY 2 · OneMotoring
Not more than 10 years old
Counted at deregistration from the original registration date. Taxis qualify only within their 8, 9 or 10-year lifespan.
- [ ] COPY 3 · Vehicle Lay-up
Never laid up
A laid-up car loses PARF eligibility, and that loss does not come back.
- [ ] COPY 4 · LTA release
A car or taxi
PARF is only for cars and taxis. GPVs, classic and vintage cars sit outside the schedule.
Parallel imports: a young log card can hide an overseas registration date
Under the Road Traffic (Motor Vehicles, Registration and Licensing) Rules r 8(1)(e), an imported used car may qualify only if it was not more than 3 years old when registered in Singapore on or after 1 September 2007. LTA then counts the 10-year limit from the original registration date.
For an imported used car (parallel import), that original date may be earlier than the Singapore log card suggests. A car that looks six years old here could be past the limit, or never have qualified. Confirm the date LTA holds through OneMotoring or the LTA VRL rebate enquiry.
- Check the original registration date LTA holds before you rely on the rebate.
Laid-up and renewed-COE cars: the PARF that is already gone
LTA's vehicle lay-up page says a laid-up car loses PARF eligibility. A renewed-COE car is past 10 years, so PARF is nil.
Scenario B
COE rebate: unused months, not years left
The COE rebate equals the QP or PQP of a 10-year COE multiplied by the unused months, divided by 120. It is granted only before the COE expires, so it reaches zero on expiry.
| Unused months | Formula | COE rebate |
|---|---|---|
| 60 | $100,000 x 60 / 120 | $50,000 |
| 30 | $100,000 x 30 / 120 | $25,000 |
| 0 (on expiry) | $100,000 x 0 / 120 | $0 |
Hypothetical illustration with a QP of $100,000. Not a real vehicle.
Early export within 2 years: the 80% ceiling
A car deregistered for export within 2 years of registration has its COE rebate capped at 80% of the QP paid. Hypothetically, $110,000 QP with 100 unused months gives $91,667, capped to $88,000.
How do I check my parf value?
Use LTA's Enquire PARF/COE Rebate e-service with Singpass before deregistering. Afterwards, it shows the amounts granted.
This page gives an estimate; the LTA figure is what gets paid.
Scenario E
How much do I get back when I scrap my car?
You get PARF and COE rebate from LTA, plus the body or export value a buyer pays. In a hypothetical $31,000 headline offer, $29,000 is government money and only $2,000 is the buyer's.
Loan settlement, towing and fees come off; unused road tax is refunded automatically to the last registered owner. See the itemised breakdown of scrap car value for every line.
Where a $31,000 headline comes from
Reading a quote that says 'PARF value included'
Ask for three lines: PARF, COE rebate and body or export value, plus the cohort the PARF line assumes.
Compare only the body value line. When ready, request an itemised scrap car quote and our partner scrapyard will reply, with no charge from Carscrap.
Redeem
How to get back a parf rebate?
PARF/COE rebates are valid for 12 months from deregistration. Pick one of three routes for each rebate: encash it, offset it, or transfer it.
| Route | How it works |
|---|---|
| Encash | Online with Singpass, paid to your GIRO refund account or by PayNow |
| Offset | Against taxes and fees when registering a new vehicle |
| Transfer | To another person at $20 per transfer; dividing a rebate first costs $21.80 per new portion |
Disposal documents are due within 1 month under current law. A Bill read on 8 September 2026 would shorten that disposal period to 14 days. Proposed, not yet in force as of 14 September 2026.
Court record
A rebate handed to a dealer belongs to whoever holds the transfer
Control of a rebate follows the transfer, not the handshake.
The rebate certificate that went to another customer
This is a court record, not a present-day pattern. In Lim Ek Kian v Public Prosecutor [2003] SGHC 58, the buyer, Evelyn Lai, testified that she handed her $9,237 rebate certificate to a dealership as part of a down-payment and asked for it to be reserved for her new car.
- The judgment records her signature was forged on a fresh transfer form, and the rebate went to another customer.
- The dealership failed and she never got the car.
Those were 2002 paper forms. Singpass 2FA and 5-day acceptance probably make this harder today, but a dealer holding the transfer still holds the money.
- [ ] COPY 1
Keep the rebate in your name
Leave it unredeemed until the new car is actually registered.
- [ ] COPY 2
Transfer against paper
Transfer only against a written agreement naming the amount and the car.
- [ ] COPY 3
Keep LTA’s record
Save the enquiry for the deregistered vehicle and the encashment or transfer record.
Decide
Keep, renew or deregister: an if/then matrix by age and cohort
| If the car is | The rebate is | Check next |
|---|---|---|
| 5 years old or less | Full band: 75% or 30%, plus COE rebate | Cohort and net ARF |
| Above 9, not more than 10 years | 50% or 5% band, anniversary close | The exact 10th anniversary date |
| Past 10 years | PARF nil, COE rebate only | Renewal PQP |
| Laid up, or an ineligible import | PARF nil, COE rebate only | LTA rebate enquiry |
Not every rebate applies to every car.
Get an itemised quote-
What is the 10-year car rule in Singapore?
A COE lasts 10 years; PARF is nil after that, and renewing pays the PQP. -
Should I buy a PARF or COE car?
A PARF car still carries a rebate; a car on a renewed COE has none. The newest cohort narrows that gap.
Next step
Turn the rebate estimate into an itemised quote
A quotation should price the buyer's part on its own line.
Our partner scrapyard quotes free, line by line. Get an itemised quote
- PARF GOV ask
- COE rebate GOV ask
- Body or export value BUYER ask
- Loan settlement ask
Answers first
PARF rebate questions owners ask next
Does an imported used car qualify for PARF in Singapore?
Only if it was not more than 3 years old when registered here on or after 1 September 2007, and not more than 10 years old from its original registration date.
Why can two identical cars of the same age get very different PARF rebates?
The COE bidding exercise sets the cohort, which sets the percentage and cap.
Is it safe to give my PARF rebate to a dealer as a deposit?
Whoever holds the transfer controls the money. Singpass 2FA and 5-day acceptance reduce that risk, but do not remove it.
Do COE-exempt cars and taxis move to the new PARF schedule on a different date?
Yes. They switch by registration date (13 February 2026); COE cars switch by bidding exercise.
Why is my PARF so low?
PARF uses net ARF after any VES, CEVS, Green Vehicle or OPC rebate, so a green incentive at purchase shrinks the base.
Can I split my PARF and transfer part of it to a family member?
Yes. Divide it first at $21.80 per new portion, then transfer at $20 per transfer.
How much COE rebate do I get if I deregister on the day my COE expires?
Nothing. Unused months are zero, so the formula returns $0.
Is the COE rebate capped if I export my car within 2 years in Singapore?
Yes, at 80% of the QP paid.
How long does LTA take to pay out an encashed PARF or COE rebate?
LTA pays to your GIRO refund account or by PayNow on the timing its e-service shows. Rebates are valid for 12 months from deregistration.
Is a quote that includes PARF value the same as the buyer’s offer?
No. Only the body or export value line is the buyer’s money.
Every figure
Sources
How these figures were checked
Every percentage, cap and fee was checked against LTA, MOT, SSO or eLitigation on 14 September 2026.
Carscrap arranges vehicle scrapping, deregistration and export in Singapore through a partner scrapyard. Carscrap itself does not hold an LTA scrapyard appointment; our partner's name and status will be published on our About page. We do not handle rebates or LTA submissions for you.
- PARF and COE Rebate
- Revision of PARF Rebate Schedule and Cap
- Preferential Additional Registration Fee (PARF) Rebate
- Road Traffic (Motor Vehicles, Registration and Licensing) Rules
- Vehicle Lay-up
- Additional Registration Fee (ARF)
- Enquire Rebate Before Deregistration
- COE Renewal
- Deregister a Vehicle
- Road Tax
- Strengthening Enforcement Against Deregistered Vehicles
- Lim Ek Kian v Public Prosecutor [2003] SGHC 58