Introduction
The Certificate of Entitlement (COE) is a permit issued by the Land Transport Authority (LTA) of Singapore to eligible vehicle owners. It allows them to own and use a vehicle in Singapore for a period of 10 years. The cost of a COE varies depending on the type of vehicle and the prevailing market conditions.
The PARF (Preferential Additional Registration Fee) is a rebate granted by the LTA to vehicle owners who scrap their existing vehicles and register a new vehicle within a specified period of time. The PARF rebate is intended to encourage vehicle owners to scrap their older, less fuel-efficient vehicles and purchase newer, more environmentally friendly vehicles.
How to Enquire PARF COE Rebate for Registered Vehicles
To enquire about the PARF COE rebate for registered vehicles, you can visit the One Motoring website or call the LTA hotline at 1800-CALL LTA (1800-2255 582). You will need to provide the following information:
- Your vehicle’s registration number
- Your vehicle’s COE expiry date
- Your intended scrapping date
- Your intended new vehicle purchase date
Eligibility for PARF COE Rebate
To be eligible for the PARF COE rebate, your vehicle must meet the following criteria:
- It must be a registered vehicle in Singapore.
- It must have a valid COE.
- It must be scrapped within 6 months of the COE expiry date.
- The new vehicle must be registered within 6 months of the scrapping date.
Calculation of PARF COE Rebate
The amount of PARF COE rebate you receive will depend on the following factors:
- The prevailing market value of your vehicle
- The remaining COE period of your vehicle
- The scrapping date of your vehicle
- The registration date of your new vehicle
You can use the LTA’s PARF Calculator to estimate the amount of PARF COE rebate you will receive.
Benefits of PARF COE Rebate
There are several benefits to taking advantage of the PARF COE rebate, including:
- Saving money: The PARF COE rebate can help you save money on the cost of a new vehicle.
- Reducing emissions: Scrapping your old vehicle and purchasing a new, more fuel-efficient vehicle can help reduce emissions and improve air quality.
- Supporting the automotive industry: The PARF COE rebate helps to stimulate the automotive industry by encouraging vehicle owners to scrap their old vehicles and purchase new ones.
Conclusion
The PARF COE rebate is a valuable incentive that can help you save money and reduce emissions. If you are considering scrapping your old vehicle and purchasing a new one, be sure to take advantage of this rebate.
1. How much is the PARF COE rebate?
The amount of PARF COE rebate you receive will depend on the factors listed above. You can use the LTA’s PARF Calculator to estimate the amount of rebate you will receive.
2. What are the eligibility requirements for the PARF COE rebate?
To be eligible for the PARF COE rebate, your vehicle must meet the following criteria:
- It must be a registered vehicle in Singapore.
- It must have a valid COE.
- It must be scrapped within 6 months of the COE expiry date.
- The new vehicle must be registered within 6 months of the scrapping date.
3. How can I apply for the PARF COE rebate?
You can apply for the PARF COE rebate by visiting the One Motoring website or calling the LTA hotline at 1800-CALL LTA (1800-2255 582).
4. What are the benefits of the PARF COE rebate?
There are several benefits to taking advantage of the PARF COE rebate, including:
- Saving money on the cost of a new vehicle
- Reducing emissions
- Supporting the automotive industry
5. What are the common mistakes to avoid when applying for the PARF COE rebate?
Some common mistakes to avoid when applying for the PARF COE rebate include:
- Not scrapping your vehicle within 6 months of the COE expiry date
- Not registering your new vehicle within 6 months of the scrapping date
- Not providing the correct information on your application
6. What is the current status of the PARF COE rebate scheme?
The PARF COE rebate scheme is currently active and is expected to continue in the foreseeable future. However, the amount of rebate may change from time to time.
7. What can we do to improve the PARF COE rebate scheme?
There are a few things that could be done to improve the PARF COE rebate scheme, including:
- Increasing the amount of rebate offered
- Extending the eligibility period for the rebate
- Simplifying the application process
Table 1: PARF COE Rebate Rates
| Vehicle Type | Rebate Rate |
|---|---|
| Cars | 50% |
| Motorcycles | 25% |
| Goods Vehicles | 10% |
Table 2: PARF COE Rebate Eligibility Criteria
| Criterion | Requirement |
|---|---|
| Vehicle Registration | Must be a registered vehicle in Singapore |
| COE Validity | Must have a valid COE |
| Scrapping Date | Must be scrapped within 6 months of the COE expiry date |
| New Vehicle Registration Date | Must be registered within 6 months of the scrapping date |
Table 3: PARF COE Rebate Application Process
| Step | Action |
|---|---|
| 1 | Visit the One Motoring website or call the LTA hotline |
| 2 | Provide the required information |
| 3 | Submit your application |
| 4 | Wait for approval |
Table 4: PARF COE Rebate Benefits
| Benefit | Description |
|---|---|
| Save money | Can save money on the cost of a new vehicle |
| Reduce emissions | Can help reduce emissions and improve air quality |
| Support the automotive industry | Can help stimulate the automotive industry by encouraging vehicle owners to scrap their old vehicles and purchase new ones |
