Understanding COE vs PARF is essential for buying a car in Singapore. Here's what you need to know.
01 What is COE?
COE (Certificate of Entitlement) gives you the right to register a vehicle for 10 years. The price fluctuates with demand.
02 What is PARF?
PARF (Pre-Registered Automotive Funding) cars are under 5 years old with COE that can be renewed for another 10 years.
03 PARF Benefits
- Lower upfront cost than new cars
- Renew COE for another 10 years
- Still under manufacturer warranty
- Wide selection available
04 COE Cars
Cars with 2-3 years COE remaining are the most affordable. You get a newer car with less depreciation.
05 Which to Choose?
PARF cars suit those wanting long-term ownership. COE cars are best for short-term needs or tight budgets.
Common Questions
Q: How fast do I get paid?
A: Immediate payment via PayOnce upon LTA transfer confirmation.
Q: Is there any fee?
A: No, we cover all paperwork and transfer fees.