Complete Guide to LTA's Feb 2026 PARF Rebate Cut (5%–30% & S$30,000 Cap)
From the 2nd COE bidding exercise in February 2026, LTA slashed Preferential Additional Registration Fee (PARF) rebates by 45 percentage points across every age bracket and halved the maximum PARF cap from S$60,000 to S$30,000. See exactly which cars are affected—and why pre-2026 cars retain their original 50%–75% schedule.
Interactive 2026 Car Scrap, Balance COE, PARF & Body Value Calculator
Formula: Balance COE Value of Remaining Tenure (Years / Months left) + (PARF ÷ 2) + Estimated Body Value. (On the last day of COE with 0 tenure left, Balance COE Value is S$0.)
PARF ÷ 2) in the formula.
Zero obligation · All body price estimates are subject to viewing, condition, and mileage
🏛️ What Changed in LTA's February 2026 PARF Rebate Revision?
On 12 February 2026, the Ministry of Transport and the Land Transport Authority (LTA News Release: Revision to PARF Rebate Schedule and Cap) announced a major structural overhaul of Singapore's Preferential Additional Registration Fee (PARF) rebate system:
- 45 Percentage-Point Cut Across All Age Tiers: Instead of receiving 75% of ARF back when deregistering within 5 years and 50% of ARF between years 9 and 10, cars registered under the new regime receive 30% of ARF (under 5 years) down to 5% of ARF (9–10 years).
- PARF Rebate Cap Halved from S$60,000 to S$30,000: Previously (from February 2023 to early February 2026), PARF rebates were capped at S$60,000. From the 2nd COE bidding exercise in February 2026 onwards, the maximum PARF rebate any vehicle can receive is S$30,000.
- Effective Date Cutoff: The revised schedule applies to all cars registered using COEs obtained from the second COE bidding exercise in February 2026 onwards (or registered on or after 13 February 2026 for vehicles that do not need to bid for a COE, such as taxis).
| Vehicle Age at Deregistration | Pre-Feb 2026 COE Cars (1st Feb 2026 Bidding & Earlier) |
Post-Feb 2026 COE Cars (2nd Feb 2026 Bidding Onwards) |
PARF Rebate Reduction (Budget 2026 Cut) |
Example: S$20,000 ARF Car (Pre-2026 vs Post-2026) |
|---|---|---|---|---|
| Not exceeding 5 years | 75% of ARF | 30% of ARF | -45% pts | S$15,000 vs S$6,000 (-S$9,000) |
| Above 5 yrs to 6 yrs | 70% of ARF | 25% of ARF | -45% pts | S$14,000 vs S$5,000 (-S$9,000) |
| Above 6 yrs to 7 yrs | 65% of ARF | 20% of ARF | -45% pts | S$13,000 vs S$4,000 (-S$9,000) |
| Above 7 yrs to 8 yrs | 60% of ARF | 15% of ARF | -45% pts | S$12,000 vs S$3,000 (-S$9,000) |
| Above 8 yrs to 9 yrs | 55% of ARF | 10% of ARF | -45% pts | S$11,000 vs S$2,000 (-S$9,000) |
| Above 9 yrs to 10 yrs | 50% of ARF | 5% of ARF | -45% pts | S$10,000 vs S$1,000 (-S$9,000) |
| Above 10 years | 0% (Nil) | 0% (Nil) | — | S$0 (Export/Scrap Body Value Only) |
| Maximum PARF Rebate Cap | S$60,000 (from Feb 2023; uncapped before Feb 2023) | S$30,000 | -S$30,000 Cap | Source: Official LTA News Release |
Why Export & Scrap Body Value Matters Even More After the 2026 PARF Cut
Under the old regime, a mass-market Japanese sedan with S$18,000 ARF had a guaranteed S$9,000 LTA PARF rebate at Year 10, plus S$1,000–S$3,000 in export body value. Under the post-February 2026 regime, that same S$18,000 ARF car will only have a S$900 LTA PARF rebate (5%) at Year 10—meaning the physical export/scrap body value (S$1,000–S$6,500+) makes up the majority of a vehicle's end-of-life residual value!
Meanwhile, if you currently own a 2016, 2017, or 2018 car approaching deregistration in 2026–2027, your vehicle still enjoys the full 50%–75% PARF schedule PLUS strong overseas RHD container demand.
❓ Frequently Asked Questions (Singapore Car Deregistration, PARF & Export)
Does LTA's February 2026 PARF rebate cut (5%–30%, S$30,000 cap) affect my existing 2016–2025 car?
No! LTA's revised PARF schedule (5% to 30% of ARF, capped at S$30,000) ONLY applies to cars registered with COEs secured from the 2nd COE bidding exercise in February 2026 onwards (or registered on/after 13 Feb 2026 for non-bidding vehicles). If your car was registered in 2016, 2017, or anywhere up to the 1st February 2026 bidding exercise, you remain on the original 50%–75% PARF rebate schedule.
What is the difference between LTA Paper Value and Car Scrap / Export Body Value?
Your LTA Paper Value is the statutory government refund (Unused COE Rebate + PARF Rebate) returned by LTA when you deregister your car. Your Export / Scrap Body Value is the EXTRA cash (typically S$1,000 to S$6,800+ for popular 2016–2017 models) paid by a direct car exporter or scrap yard for the physical vehicle chassis, engine, and parts.
Why do you ask for my Access Code and Carplate for an exact quote?
Providing your Access Code and Carplate on WhatsApp allows our valuation desk (CARTRIX CAPITAL PTE LTD) to verify your exact LTA rebate and give you a firm buyout offer quickly. Please note that all body price estimates are subject to viewing, condition, and mileage.
Can I lock in my export body price today and hand over the car closer to my COE expiry date?
Yes. After a quick physical viewing, we can lock in your agreed buyout price with a S$500 deposit and formal agreement, and pay the full balance via PayNow/FAST transfer when you hand over the car.
What happens to my PARF rebate if I renew my COE for 5 years or 10 years?
If you renew your COE (either 5-year or 10-year PQP), your LTA PARF rebate is permanently forfeited (drops to S$0). That is why you should always compare your total cash-out value (PARF + Export Body Value) using our Scrap vs Renew COE Calculator before paying PQP.
📚 All 2026 Singapore Car Deregistration, PARF & Export Valuation Guides
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2026 Singapore car scrap and export body value price list for 2016–2017 Toyota, Honda, Hyundai, Kia, Mazda, Nissan, Mercedes-Benz, BMW, and Audi vehicles.
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Calculate your exact LTA Unused COE Rebate in Singapore down to the month and day using the official (QP Paid × Remaining Months) / 120 formula.
Continental & Luxury Car Scrap / Export Body Value Singapore 2026 (Mercedes-Benz, BMW, Audi, Lexus)
2026 Singapore continental and luxury car export body values: Mercedes GLC250 (S$6,000–S$6,500), E200, S320L, C180, GLA180, BMW X5, Audi A4, VW Golf, and Lexus NX200t.
Hyundai, Kia, Mazda, Nissan & Mitsubishi Scrap / Export Body Value Guide Singapore 2026
2026 Singapore export and scrap body values for Hyundai Tucson (S$3,800–S$4,500), Elantra, Kia Cerato K3, Sorento, Mazda 3, Mazda 6, Nissan X-Trail, Qashqai, and Mitsubishi.