Should You Scrap Your Car or Renew 5-Year / 10-Year PQP COE in 2026?
When your car hits Year 10, renewing its COE means forfeiting 100% of your LTA PARF rebate forever and losing peak export body value. Use our interactive 2026 calculator below to compare your true annual depreciation across Scrapping Now vs 5-Year PQP vs 10-Year PQP renewal.
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
Interactive Scrap vs Renew COE Depreciation Calculator (2026)
When you renew your COE at Year 10, you permanently forfeit your PARF rebate (S$0 at expiry) and your car's export body value drops sharply after age 10. See your true annual depreciation before deciding!
⚖️ Why Renewing Your COE at Year 10 Costs More Than Just the PQP
When your car reaches its 10th birthday, LTA allows you to renew its Certificate of Entitlement (COE) by paying the Prevailing Quota Premium (PQP)—either 50% of PQP for a non-renewable 5-year COE, or 100% of PQP for a 10-year COE. However, three hidden financial penalties catch many Singapore drivers off guard:
- 100% Forfeiture of Your PARF Rebate: The moment your original 10-year COE expires without deregistration, your LTA PARF rebate drops permanently to S$0. For a 2016/2017 Toyota Harrier (S$32,000 ARF → S$16,000 PARF) or Mercedes E200 (S$62,000 ARF → S$31,000 PARF), renewing COE means throwing away S$16,000 to S$31,000 of tax rebate on Day 1.
- Loss of Peak Export Body Value: Overseas buyers in strict import-age countries (which cap imported vehicles at 8 to 10 years from manufacture) pay S$1,500–S$6,500 for a 2016/2017 car today. At Year 15, your car is no longer eligible for most RHD export markets and drops to S$300–S$500 scrap metal value.
- Escalating LTA Road Tax Surcharge (10% to 50%): After Year 10, LTA levies an annual road tax surcharge starting at 10% in Year 11, rising by 10% each year up to 50% extra road tax every year from Year 15 onwards.
Before paying PQP to LTA, always get an exact Deregistration + Export Body Buyout Quote via WhatsApp / Contact Us (CARTRIX CAPITAL PTE LTD) so you know the exact cash sum you are leaving on the table.
❓ 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
2026 Singapore LTA PARF, COE Rebate & Car Scrap / Export Body Value Calculator
Free 2026 Singapore LTA PARF & COE Rebate Calculator with real Export/Scrap Body Value benchmarks (Toyota, Honda, Mazda, Hyundai, Mercedes). Compare Pre-Feb 2026 vs Post-Feb 2026 PARF rules.
Complete Guide to LTA's Feb 2026 PARF Rebate Cut (5%–30% & S$30,000 Cap)
Full breakdown of Singapore LTA's February 2026 PARF rebate revision (5% to 30% of ARF, capped at S$30,000). Compare Pre-Feb 2026 vs Post-Feb 2026 car deregistration values.
2026 Singapore Car Scrap & Export Body Value Price List by Make & Model
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.
Should You Scrap Your Car or Renew 5-Year / 10-Year PQP COE in 2026?
Interactive 2026 Singapore Scrap vs Renew COE Calculator. Calculate your true annual depreciation when forfeiting PARF rebate and export body value for a 5-year or 10-year PQP COE renewal.
Toyota Export & Scrap Body Value Guide Singapore 2026 (Harrier, Altis, Wish, Sienta, Vios, Hiace)
2026 Toyota scrap and export body values in Singapore for 2016–2017 Harrier (S$6,000–S$6,800), Voxy Hybrid, Corolla Altis, Sienta, Wish, Vios, Previa, and Hiace.
Honda Export & Scrap Body Value Guide Singapore 2026 (Vezel, HR-V, Civic, Shuttle, Freed, Jazz)
2026 Singapore Honda scrap and export body values: Vezel (S$2,800–S$3,400), HR-V (S$2,500–S$2,700), Civic 1.6/1.5T (S$2,000–S$2,500), Shuttle, Freed, Jazz, Fit, and Odyssey.
Step-by-Step Guide to Scrapping & Deregistering a Car on LTA OneMotoring (2026)
Step-by-step 2026 guide to deregistering and scrapping a car in Singapore via LTA OneMotoring. Compare DIY LTA Scrap Yard / EPZ disposal vs Direct Exporter Cash Buyout.
Singapore Unused COE Rebate Calculator (Exact LTA Pro-Rated Months & Days Formula)
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.