Upon de-registering your vehicle, you might be entitled to rebates for your PARF or remaining COE value. Be sure to check if you are eligible for these rebates. You may cash that amount out. Otherwise, the PARF/COE rebates can be used to offset the upfront taxes for a new vehicle. If you wish to encash these rebates, read on:
1. Check the amount you are eligible for in rebates
2. Apply to encash your rebates. This can be done in one of three ways:
(a) Online via eServices@ONE.MOTORING account
(b) Submission of application to LTA
(c) via Electronic Service Agent (ESA)
For more details, click here.