Question on parf rebate and renew of COE

[Glyuen]

hey guys, just one simple question. i cant find the information on lta webby.

 

if i want to renew my coe and drive for another 10 yrs, is it counted as de-registered? will you get back your parf value and u pay for a new coe?

 

or is it that you lose your parf rebate.

 

pasieh, nv renew coe b4.

[Iziz]

U will lose ur parf rebate. Ur car is basically worth the remaining COE after tat.

[Neo1xavier]

hi Bros,

 

How do i "en-cash" the PARF / COE Rebate ?

 

... if I'm not using it to buy new car

 

Thanks 8)

 

Neo Xavier

[Civic2000]

Reproduce (from onemotoring.com.sg) for your info:

 

How to Use PARF/COE Rebate

 

You can use the PARF/COE rebate to offset the various upfront vehicle taxes and fees when you register a car, namely, the Additional Registration Fee (ARF), the COE Quota Premium (QP), the Registration Fee (RF) and the $10,000 used car surcharge (for an imported used car from 1 September 2007). Any excess amount that is not used will be forfeited. You can also use a COE rebate under your name to offset the Prevailing Quota Premium (PQP) when you renew your existing vehicle's COE.

 

You can apply to LTA to split the value of your PARF/COE rebate into smaller values. Pay a $10 (before GST) fee for each rebate generated.

 

You can also combine multiple number of PARF/COE rebate and use it when registering a new car or imported used car (from 1 September 2007). You only need to notify your car dealer before the car is registered with LTA.

 

You can transfer the PARF/COE rebate to another person if you do not intend to use it. A $10 fee is payable for every transfer.

 

Both the PARF and COE rebates are non-refundable in cash.

 

So to answer you question: There is no en-cash of PARF/COE.

[Neo1xavier]

Thanks, Civic2000 ... 8)

 

while the Gov don't provide encashment service,

 

Any company that provide "Brokering" of PARF/COE Rebates ??

 

ie. Buy over (maybe at discount) from someone who wants to en-cash it,

then, Sell to someone who's interested to buy it for his next car purchase.

[Eyke]

check the Straits Time's Classifieds.

[Ah_benz]

sell your parf/coe rebates to dealer at a discount. (eg. Paper less 2%)