By MoneyBees
Work out the PARF and COE rebates you get when you deregister your car, with LTA's 2026 schedules, the S$60,000 and S$30,000 caps, and unused COE months counted LTA's way.
It is a percentage of the Additional Registration Fee (ARF) you paid, set by the car's age on the day you deregister it. For cars with COEs from before the second February 2023 bidding exercise it runs from 75% at up to 5 years old down to 50% at 9 to 10 years old. A car over 10 years old gets no PARF rebate.
Cars with COEs from the second February 2026 bidding exercise onwards get 30% of ARF at up to 5 years old, falling by 5 points a year to 5% at 9 to 10 years old. The rebate is capped at S$30,000. LTA announced this on 12 February 2026.
Cars with COEs from the second February 2023 bidding exercise to the first February 2026 exercise get the 75% to 50% rates, but the rebate cannot go above S$60,000. Cars with COEs from before February 2023 have no cap.
COE rebate = the QP you paid x the unused months of the COE / 120. LTA counts full calendar months from the day after deregistration, then counts the leftover days at 30 days to a month. Its own example: 29.1 unused months on a S$16,897 QP gives S$4,097.
The net ARF you paid, after any VES or EV rebate. LTA bases the PARF rebate on the net ARF. You can find it in your vehicle details on OneMotoring.
Only cars up to 10 years old get a PARF rebate, so a car past 10 years on a renewed COE gets none. You still get a COE rebate for unused months if you deregister before the renewed COE expires.
12 months from the deregistration date. You can take them as cash, use them to offset taxes and fees on your next car, or transfer them to someone else.
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