1. What is PARF Value?

Definition: PARF (Preferential Additional Registration Fee) value is the rebate amount vehicle owners in Singapore can receive when deregistering their cars.

Purpose: It helps vehicle owners estimate the rebate they can get based on their vehicle's age and original ARF paid.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• PARF — Preferential ARF value ($)
• Percentage — PARF percentage based on vehicle age (%)
• ARF — Additional Registration Fee paid initially ($)

Explanation: The PARF percentage (determined by vehicle age) is multiplied by the original ARF paid to calculate the rebate amount.

3. Importance of PARF Calculation

Details: Understanding PARF value helps vehicle owners make informed decisions about when to deregister their vehicles and estimate potential rebates.

4. Using the Calculator

Tips: Enter the PARF percentage (based on vehicle age) and the original ARF amount paid. Both values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: How is the PARF percentage determined?
A: The percentage depends on the vehicle's age when deregistered, with higher percentages for newer vehicles.

Q2: Where can I find my vehicle's ARF amount?
A: Check your vehicle registration documents or LTA records for the original ARF paid.

Q3: Does PARF value change over time?
A: The percentage decreases as the vehicle ages, but the ARF amount remains constant.

Q4: What's the minimum PARF percentage?
A: Typically 50% for vehicles deregistered after 10 years.

Q5: Can I get PARF rebate for COE renewal?
A: No, PARF rebate is only applicable when deregistering the vehicle.