What is a car's paper value in Singapore?

Paper value is the PARF rebate plus the COE rebate you receive when you deregister the car. It is money the government returns to you regardless of what any dealer offers, so it acts as a floor on what your car is worth.

How did Budget 2026 change the PARF rebate?

For cars registered with COEs obtained from the second February 2026 bidding exercise onward, PARF rebates fell from 75-50% of ARF to 30-5%, and the cap halved from $60,000 to $30,000. Cars registered earlier keep their original entitlement, which creates a two-tier used car market.

Do I still get PARF if I renew my COE?

No. PARF is forfeited permanently when you renew the COE. Only the COE rebate applies from that point, based on the PQP you paid.

Used Car Paper Value

Your PARF rebate plus your COE rebate is money LTA returns when the car is deregistered — whatever a dealer offers you. Knowing it is the difference between negotiating and guessing.

First registration date

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On your log card. Decides which PARF scheme applies.

COE expiry date

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Usually 10 years after registration.

ARF paid (net)

Net of any VES or EEAI rebate (see below). Check on OneMotoring, or estimate from OMV.

COE premium paid

The quota premium, or PQP if you renewed.

Does any of this apply to your car?

Both of these change what you are entitled to, so tick them if they apply.

I have already renewed the COE — PARF is forfeited permanently on renewal The car has been laid up at some point — a laid-up car gets no PARF at all

Show advanced options

Your paper value

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PARF rebate

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COE rebate

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Paper value floor

Renew, scrap or replace

Renewing means paying the Prevailing Quota Premium for another 5 or 10 years — and giving up your PARF rebate permanently. Scrapping returns your paper value in cash. Costs below are annualised so they compare like for like.

COE category

Cat A is up to 1,600cc and 97kW. Cat B is larger cars.

Renewal term

A 5-year renewal costs half the PQP but cannot be renewed again.

Replacement car price

Optional. Drive-away price of what you would buy instead.

Which scheme your car falls under

Budget 2026 cut PARF sharply, but only for cars whose COE came from the 2nd February 2026 bidding exercise onward. Older cars keep their original entitlement. Same car, different registration date, very different exit value — and asking prices rarely reflect it.

Scheme	Applies to	PARF on your car

How this is worked out. PARF and COE rebate follow LTA's published rules. PARF is a percentage of the net ARF you paid, by the car's age at deregistration, subject to the cap for its scheme. The COE rebate is the unused portion of your premium, counted from the day after deregistration to COE expiry and pro-rated over 120 months.

This is an estimate for guidance only — not financial advice and not an official LTA figure. Verify against your own OneMotoring enquiry before making any decision to sell, scrap or renew.