PARF (Preferential Additional Registration Fee)
PARF, or Preferential Additional Registration Fee, is a rebate paid to vehicle owners who deregister their car within 10 years of registration, calculated as a percentage of the original ARF.
What it means
PARF is the mechanism that returns part of the ARF tax back to owners who deregister their car before the end of its original 10-year COE term. The percentage of ARF that comes back declines step-by-step with vehicle age: deregistering early returns a larger percentage, deregistering closer to year 10 returns a smaller percentage. The full PARF schedule is published by LTA and is the same for every car. Renewing the COE forfeits the PARF rebate entirely, since PARF eligibility is tied to deregistering rather than extending. PARF is typically paid out together with any COE rebate (if applicable) and the scrap value of the physical vehicle, as a single cheque after deregistration is processed. Together, those three components form the total scrap value of a Singapore car.
Why it matters in Singapore
PARF is one of the clearest economic signals in Singapore car ownership. Every additional year of holding a car reduces the PARF amount, which is part of why the renew-versus-deregister decision at year 10 is so consequential. Owners who plan to deregister rather than renew should make sure the car is in good cosmetic condition before that final inspection, since condition affects scrap value and resale interest.
How Revol Carz handles this
Revol Carz does not handle PARF transactions; LTA does. Where we add value is in the year before deregistration, by helping owners present the car in good cosmetic and mechanical condition through paint correction, ceramic coating refresh, and any final servicing.