ARF stands for Additional Registration Fee – a tax imposed once a vehicle is registered and is calculated based on a percentage of the open market value (OMV) of the car.
PARF or Preferential Additional Registration Fee rebates are only entitled for cars below 10 years old. A new car with more value will incur higher PARF rebates. To calculate your car’s PARF rebate, multiply the ARF by the percentage based on the car’s age.
For cars eligible for PARF rebate, you get between 50% and 70% of its ARF if you scrap it before its 10th year. A COE car is a vehicle that has already renewed its first COE for either 5 or 10 years. You will not get a PARF rebate but a COE rebate if you de-register the car before the COE is up. This amount is dependent on the quota premium paid and the number of years left on the COE.
PARF or Preferential Additional Registration Fee rebates are only entitled for cars below 10 years old. A new car with more value will incur higher PARF rebates. To calculate your car’s PARF rebate, multiply the ARF by the percentage based on the car’s age.
For cars eligible for PARF rebate, you get between 50% and 70% of its ARF if you scrap it before its 10th year. A COE car is a vehicle that has already renewed its first COE for either 5 or 10 years. You will not get a PARF rebate but a COE rebate if you de-register the car before the COE is up. This amount is dependent on the quota premium paid and the number of years left on the COE.
From a financial standpoint, a used car makes perfect sense as the bulk of the depreciation has been absorbed by the initial owner, making it generally more value-for-money compared to a new car. However, with any used cars, there might be hidden costs arising from possible maintenance and repairs required. Thus, it is important to purchase used cars from a reputable dealer for peace of mind.
– NRIC, Employment Pass or Work Permit
– Income Proof (for application of car loan)
Delivery can be as early as the next day after you have confirmed the purchase. Upon receipt of full payment and approval of insurance application, ownership will be transferred and you can take delivery of your car immediately after*.
Our professional technicians will conduct a full-car inspection, recondition and certify the cars prior to handing it over to customers.
Wearnes Pre-Owned has a 7-day exchange policy. Should the customer be dissatisfied with the purchase, the car may be exchanged for another unit, no questions asked*.
