A few weeks ago during a particular home visit during Chinese New Year, my dad’s close friend proudly proclaimed that he has scraped his car.
At that time, I was confused by his decision.
Why did he decide to scrap his car when he still has 2 years left on his COE?
How much does he get for scrapping his car in Singapore?
With all these questions in mind, I set out to find what it means to scrap your car in Singapore. If you’re looking to scrap your car in Singapore, here’s a quick overview of the process, and how much money you can get back from it!
TL;DR: How To Scrap Your Car In Singapore
Steps Description Details 1. Apply for De-Registration – Clear any outstanding car loans and road taxes
– Deregister your car.
2. Apply for Encash for PARF and COE Rebate