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The Additional Registration Fees (ARF) is a tax imposed upon the registration of your vehicle. The OMV is inclusive of purchase price, insurance, freight and delivery of your car to the country. It's the actual price of your vehicle before all taxes and other surcharges (and there are many) - like COE, GST, registration fee and the dealer's profit margins - are added in. The OMV of your vehicle is the price payable when its first imported into Singapore. However, to calculate your PARF, you'll first need to know your vehicle's Open Market Value (OMV). The deregistration value of your car is the sum of your Certificate of Entitlement (COE) rebate and the Preferential Additional Registration Fee (PARF) rebate.
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So, what is your car's deregistration value and how can you deregister your car? Read on to find out how you can check your car's deregistration value!
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This is the Land Transport Authority's (LTA) way of thanking you for decluttering the roads and reducing congestion. You can get money from deregistering your car.
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