By MoneyBees
Your car's paper value is what LTA pays back when you deregister it to scrap or export: the PARF rebate plus the COE rebate. See it today, year by year to 10 years, against the car's OMV, and how much you lose on the day after each registration anniversary.
Set from the registration date. Change it if your bidding exercise says otherwise.
Paper value
$35,400
142% of the OMV
PARF rebate
$18,900
70% of $27,000 ARF
COE rebate
$16,500
49.5 unused months of 120
Deregister on 4 Oct 2026 and LTA owes you $35,400, whether you scrap the car or export it. That is 142% of the $25,000 OMV, because the PARF rebate is a share of the ARF, which is itself a multiple of the OMV.
Keep it past 19 Nov 2026 and the car is more than 6 years old the next day. The PARF rate falls from 70% to 65%, cutting the paper value by $1,350 overnight. The COE rebate also shrinks a little every day.
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| Age | Last day | PARF | COE rebate | Paper value | vs OMV |
|---|---|---|---|---|---|
| 1 year | 19 Nov 2021 | $20,250 | $36,000 | $56,250 | 225% |
| 2 years | 19 Nov 2022 | $20,250 | $32,000 | $52,250 | 209% |
| 3 years | 19 Nov 2023 | $20,250 | $28,000 | $48,250 | 193% |
| 4 years | 19 Nov 2024 | $20,250 | $24,000 | $44,250 | 177% |
| 5 years | 19 Nov 2025 | $20,250 | $20,000 | $40,250 | 161% |
| 6 years | 19 Nov 2026 | $18,900 | $16,000 | $34,900 | 140% |
| 7 years | 19 Nov 2027 | $17,550 | $12,000 | $29,550 | 118% |
| 8 years | 19 Nov 2028 | $16,200 | $8,000 | $24,200 | 97% |
| 9 years | 19 Nov 2029 | $14,850 | $4,000 | $18,850 | 75% |
| 10 years | 19 Nov 2030 | $13,500 | $0 | $13,500 | 54% |
LTA counts a car's age from its first registration. A car registered on 23 Oct 2010 is 5 years old on 22 Oct 2015, so each line is the last day at that age.
A car registered on 20 Nov 2020 had an OMV of S$25,000, so its ARF was S$20,000 + S$5,000 x 140% = S$27,000. Its COE cost S$40,000 and runs to 19 Nov 2030.
Deregistered on 4 Oct 2026, the car is between 5 and 6 years old: PARF is 70% of S$27,000 = S$18,900. The COE has 49.5 months left, so the COE rebate is S$40,000 x 49.5 / 120 = S$16,500. Paper value: S$35,400, 142% of the OMV. On 20 Nov 2026 the PARF rate falls to 65% and the paper value drops by S$1,350 overnight.
Figures checked 4 Oct 2026.
It is the money LTA pays back when you deregister the car: the PARF rebate plus the COE rebate. The term is trade slang; LTA calls them PARF and COE rebates.
It is a share of the ARF you paid, set by the car's age on the day you deregister it. For COEs from before the second February 2023 bidding exercise it runs from 75% at up to 5 years to 50% at 9 to 10 years. From the second February 2026 exercise it runs from 30% to 5%, capped at S$30,000.
LTA pays the premium you paid for the 10-year COE x the unused months / 120. It counts full calendar months from the day after deregistration, then the leftover days at 30 days to a month.
Yes for the PARF rebate. The only difference is that exporting within 2 years of registration caps the COE rebate at 80% of the premium paid. Either way you must dispose of the car and give LTA the papers within 1 month of deregistering.
ARF is charged at 100% to 320% of the OMV, depending on the band, so a young car's PARF rebate can be close to the OMV on its own. Add the COE rebate and the total can pass the OMV.
The PARF rate falls by 5 points on the day after each registration anniversary from the 5th. LTA's form D01 says a car registered on 23 Oct 2010 is 5 years old on 22 Oct 2015, so 23 Oct 2015 is the first day of the lower rate. The COE rebate also falls a little every day.
No PARF rebate is paid on a car more than 10 years old. A car on a renewed COE can still get a COE rebate for the unused part of the renewed COE.
They are valid for 12 months from the deregistration date. You can offset them against the registration fee, ARF and COE premium of your next vehicle, or cash them out by PayNow.
The open market value is the price paid to bring the car into Singapore, including purchase price, freight and insurance, as assessed by Singapore Customs. ARF is worked out from it.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).