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Dollar and Cents of Scrapping A Car
By Something About Finance  •  October 22, 2016


Recently, I just bid farewell to my Toyota Altis after 10 good years of service. There have been many memories but decided not to renew the COE and get a new ride.

Would just like to share the process of scrapping my car and hope it will be useful for those whom might be going the same path in the future.

As a general rule, you will usually get back around 50% of your car PARF value and a token sum for your car body upon scrapping your car.

For my Altis, I got all in around 9500 with car body raking in 800 dollars as i have changed the original colour. If not it would have fetched around 1000 dollars.

So the usual path is to drive to a scrap yard and you can actually drive in at the last day of the month of your de-registration if you want to max...
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By Something About Finance
Welcome to My Blog. Hoping to share and learn from others on finance related topics. Let's embark on the journey towards financial freedom. Currently, I am an appointed representative (Equities and Futures Broker) with an established brokerage firm in Singapore. I deal mainly with Equities, Futures and Forex.
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