Parf Value

[Civic3106]

http://www.sgcarmart.com/used_cars/info.php?ID=498841&DL=2724

 

Need some help. Am I right to say the Parf value of this E200 NGT is $31614. 55% X OMV.

Edited August 21, 2015 by Civic3106

[Darthrevan]

PARF value of CNG cars is 30% X OMV

[Civic3106]

Yeap, just found out that. CNG ARF got 40 rebate. i.e. PARF = (100% - 40%) * 50% of OMV.

[Metalslug2]

i realised alot of fake ads on sgcarmart. u go down and they all said sold.

[Leo72]

i realised alot of fake ads on sgcarmart. u go down and they all said sold.

 

I'm not surprised, the purpose is to lure you there and try to sell you other cars with better profit margin.

[Eyke]

i realised alot of fake ads on sgcarmart. u go down and they all said sold.

is called "bait & switch"

[Alheych]

PARF value of CNG cars is 30% X OMV

 

wah, that means 20k depreciation for this car. plus CNG, who will buy?

[Old-driver]

If its 55%, then its a steal

[Sdf4786k]

 

wah, that means 20k depreciation for this car. plus CNG, who will buy?

I huge part of the equation not many think about.

 

Supposed heng heng kanna the 8 car pile up like the audi or Honda oddy at Jurong east.

 

AND

 

Supposed your car has that huge rebate of CEV 20 K but purchase at 130K with parf not at 6K

 

And supposed that the loan is 60 % and the car is beyond economical repair.

 

You will be required to make good to the bank of the outstanding loan amount.

 

So be very careful of streching the loan.

[Mustank]

is called "bait & switch"

 

[BabyBlade]

i realised alot of fake ads on sgcarmart. u go down and they all said sold.

 

Use the report error function located at the top of the ad.

[Reo]

The sellers are preying on people who have no idea of how PARF is calculated, for the different types.

 

Even the so-called CEVS "rebates" benefit the first-time buyer, subsequent buyers should beware.

 

 

wah, that means 20k depreciation for this car. plus CNG, who will buy?

 

[flashbang]

Very tricky when it comes to PARF values. It's best to get the dealer to retrieve the current value from one.motoring website on the spot. Don't rely on printed out copies as you don't know when it was printed. I was once shown a printed out copy that was 1 transfer short as compared to the online ad. Who knows what else was being hidden by the dealer? Needless to say, no deal.

[Galantspeedz]

Check the date of printout also......... 1 show me a print out half a year ago... lol

[AimanMaulana]

Hi there, my apologies for using this thread but I'm doing research on parf rebates. Are there any differences with PARF rebates for PI car against AD car? Like, is there a table of calculations of sort that I can refer to? I tried googling it and i got a massive headache trying to figure it out.

 

As I've searched and read through google, people told me that usually, the rebate is lower for PI cars when compared to AD cars but sometimes, PI cars can be higher, which gets a wee bit confusing for me. Can anyone help clarify matters for me? :)

[7hm]

Hi there, my apologies for using this thread but I'm doing research on parf rebates. Are there any differences with PARF rebates for PI car against AD car? Like, is there a table of calculations of sort that I can refer to? I tried googling it and i got a massive headache trying to figure it out.

 

As I've searched and read through google, people told me that usually, the rebate is lower for PI cars when compared to AD cars but sometimes, PI cars can be higher, which gets a wee bit confusing for me. Can anyone help clarify matters for me? :)

 

It should be essentially the same I think, minimum PARF is 50% ARF.

The catch is that PI car's ARF can differ, because they have some rule that allows PI car to enjoy larger CEVS rebate, which can reduce ARF more than AD's.

[AimanMaulana]

It should be essentially the same I think, minimum PARF is 50% ARF.

The catch is that PI car's ARF can differ, because they have some rule that allows PI car to enjoy larger CEVS rebate, which can reduce ARF more than AD's.

 

Is the lower ARF because of OMV minused by CEVS rebate? ADs also have their OMV minused by their CEVS rebate to get the ARF right? To which I'm assuming, the catch is that PI cars that are generally lower in emissions will receive more CEVS rebate and therefore, lower ARF, am I right?

 

I read somewhere that CEV rebate is subject to a minimum ARF payable of $5,000. Is that the thing to do with vehicles with higher emission need to pay $5000 or above, or cars that want to receive the rebate need to pay $5000 first?

 

Sorry yeah? It's a bit confusing for me when I was researching.

[7hm]

Is the lower ARF because of OMV minused by CEVS rebate? ADs also have their OMV minused by their CEVS rebate to get the ARF right? To which I'm assuming, the catch is that PI cars that are generally lower in emissions will receive more CEVS rebate and therefore, lower ARF, am I right?

 

I read somewhere that CEV rebate is subject to a minimum ARF payable of $5,000. Is that the thing to do with vehicles with higher emission need to pay $5000 or above, or cars that want to receive the rebate need to pay $5000 first?

 

Sorry yeah? It's a bit confusing for me when I was researching.

 

ARF is tiered based on OMV. Nowadays, everything revolve around ARF, which itself is based on OMV. It is very inaccurate to calculate based on OMV today.

 

For example the first 20,000 of OMV is charged ARF = 100% OMV.

The next 20,000 is charged extra 40%, so example:

OMV: 22,000

ARF: = (20,000) + ((22,000-20,000)ｘ140%) = 20,000 + 2,800

         = 22,800

 

CEVS is a rebate on your ARF, meaning your ARF will minus your CEVS.

 

Per above example, e.g.:

CEVS: 5,000

Actual ARF payable: 22,800 - 5,000 = 17,800

 

Minimum PARF at 10 years is 50% of ARF, so per above would be:

ARF: 17,800

min. PARF: 17,800 ｘ 50% = 8,900

 

CEVS is subject to minimum ARF of $5,000, meaning that your ARF cannot go below $5,000, even if your CEVS is very high.

 

For example, let's take some imaginary hybrid car:

OMV: 18,000

ARF: = 18,000

CEVS = 15,000

ARF - CEVS: 18,000 - 15,000 = 3,000

But because your ARF has a minimum of 5,000, your actual ARF is still:

ARF = 5,000

PARF = 5,000 ｘ 50% = 2,500

 

 

 

 

To add on, if you are buying a car in a band of CEVS C or below, it will go like this:

OMV: 22,000

ARF: 22,800

CEVS: 5,000 penalty surcharge

PARF: ARF ｘ 50% = 22,800 ｘ 50% = 11,400

 

In this case, your CEVS is an additional surcharge that is separate from your ARF entirely.

Edited November 9, 2015 by 7hm