PARF Rebate Calculator

Category: Auto
- May 22, 2025
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Singapore PARF Rebate Calculator 2025

Calculate your Preferential Additional Registration Fee (PARF) rebate when scrapping or deregistering your vehicle in Singapore. This calculator helps vehicle owners determine their PARF rebate value based on vehicle age, original ARF paid, and current market conditions.

Vehicle Registration Details

Date when vehicle was first registered in Singapore
Date when you plan to scrap/deregister vehicle
S$
Total ARF paid when vehicle was registered

Vehicle Specifications

cc
S$
COE premium paid when vehicle was registered

Rebate Calculation Options

Advanced Options

S$
Metal/parts value from authorized dealer
S$
Deregistration and processing fees

Understanding PARF (Preferential Additional Registration Fee) in Singapore

The PARF rebate is a refund of part of the ARF paid when you deregister your vehicle before the COE expires. The rebate amount depends on the vehicle's age and decreases over time to encourage early vehicle replacement.

PARF Rebate Schedule
  • Year 1: 90% of ARF paid
  • Year 2: 80% of ARF paid
  • Year 3: 70% of ARF paid
  • Year 4: 60% of ARF paid
  • Year 5: 50% of ARF paid
  • Year 6: 40% of ARF paid
  • Year 7: 30% of ARF paid
  • Year 8: 20% of ARF paid
  • Year 9: 10% of ARF paid
  • Year 10+: 5% of ARF paid
COE Rebate
  • Pro-rated Rebate: Based on remaining COE tenure
  • Calculation: (Remaining months ÷ Total COE months) × COE premium paid
  • Early Termination: COE rebate available for early deregistration
  • Renewal vs Scrap: Compare rebate value vs renewal cost
Factors Affecting PARF Value
  • Vehicle Age: Older vehicles receive lower rebate percentages
  • Original ARF: Higher ARF paid means higher potential rebate
  • COE Remaining: More remaining COE tenure = higher COE rebate
  • Market Timing: COE prices affect replacement vehicle costs
  • Vehicle Condition: Affects scrap value but not PARF/COE rebate
Deregistration Process
  • Authorized Dealer: Must scrap at LTA-approved scrapyard
  • Required Documents: Registration card, log card, insurance cancellation
  • Timeline: PARF rebate typically processed within 2-4 weeks
  • Bank Transfer: Rebate paid directly to registered owner's bank account
Early Turnover Benefits
  • PARF Rebate: Recover portion of ARF paid
  • COE Rebate: Get refund for unused COE tenure
  • New Vehicle Incentives: May qualify for additional rebates
  • Lower Total Cost: Avoid maintenance costs of aging vehicle
  • Technology Upgrade: Access to newer, more efficient vehicles

Disclaimer: This calculator provides estimates based on current PARF regulations and standard rebate schedules. Actual rebate amounts may vary based on specific vehicle registration details, exact deregistration timing, and regulatory changes. PARF and COE rebates are subject to LTA verification and processing. Always consult with authorized dealers and LTA for official rebate calculations and current procedures.

What is the PARF Rebate Calculator?

The PARF (Preferential Additional Registration Fee) Rebate Calculator helps vehicle owners in Singapore estimate the amount they can recover when they choose to deregister or scrap their car before the Certificate of Entitlement (COE) expires. This rebate is part of Singapore’s vehicle deregistration scheme to encourage timely vehicle replacement and reduce the number of older vehicles on the road.

This tool considers various inputs such as your vehicle’s registration date, planned deregistration date, original ARF (Additional Registration Fee) paid, and remaining COE value. By using this calculator, users can forecast their rebate amount and make informed decisions about when to deregister a vehicle for the best possible Financial outcome.

Key Formula Used

PARF Rebate Formula:
PARF Rebate = Original ARF × Rebate Percentage (based on vehicle age)

COE Rebate Formula:
COE Rebate = (Remaining COE Months ÷ 120 months) × Original COE Paid

Total Rebate Estimate:
Total Rebate = PARF Rebate + COE Rebate + Scrap Value – Administrative Fees + Early Turnover Bonus (if eligible)

How to Use the Calculator

Follow these simple steps to estimate your PARF rebate:

  • Enter your vehicle’s registration and planned deregistration dates. This helps determine the vehicle’s age.
  • Input the original ARF and COE premium paid. These amounts are used to calculate the rebate.
  • Select your vehicle category and engine capacity. This information aligns the vehicle with COE categories.
  • Choose your rebate calculation preferences. You can let the tool Auto-calculate based on age or pick specific options.
  • Use the advanced section for detailed projections. Add scrap value, admin fees, and enable optional analyses like opportunity cost or replacement comparisons.
  • Click “Calculate PARF Rebate”. Your estimated rebate will appear, with a breakdown and charts for better understanding.

Benefits of Using the PARF Calculator

This tool is helpful for anyone planning to deregister their vehicle in Singapore. Here's how it supports decision-making:

  • Clear financial forecasting: Estimate the amount you’ll receive before visiting a dealer.
  • Timing Analysis: Understand how rebate values change based on deregistration year.
  • Better Planning: Prepare financially for replacing your car or deciding whether to renew the COE.
  • Insightful Comparisons: Includes options to compare rebates by age, evaluate opportunity costs, and simulate replacement scenarios.

Frequently Asked Questions (FAQ)

Who is eligible for the PARF rebate?

The rebate applies to cars that are deregistered before their COE expires, provided they meet eligibility under LTA regulations.

What is ARF and how does it affect the rebate?

ARF stands for Additional Registration Fee. The PARF rebate is a percentage of the ARF initially paid when the vehicle was registered.

Does COE renewal affect my PARF rebate?

Yes. If you renew your COE after 10 years, you typically forfeit the PARF rebate. This calculator assumes the COE has not been renewed.

Is this calculator accurate?

The calculator provides a close estimate based on standard rebate rules and current inputs. For official values, consult the Land Transport Authority (LTA).

What is the “Early Turnover Bonus”?

It’s an extra incentive available if you deregister early and commit to buying a new vehicle. The bonus amount varies based on your vehicle’s age.

Conclusion

The Singapore PARF Rebate Calculator is a practical tool for car owners who want to understand the financial impact of deregistering their vehicle. It simplifies decision-making by breaking down rebates into easy-to-understand parts and providing visual insights. Whether you're replacing your car, managing costs, or just curious about your options, this tool offers a valuable starting point.