How much is the PARF rebate when scrapping a car?
The PARF rebate when scrapping a car in Singapore is the un-rebated portion of the ARF based on the car's age at deregistration: 70% at 5 years, 65% at 6, 60% at 7, 55% at 7.5, 50% at 8, then declining in stages to zero at 10 years. Wheeley's PARF rebate calculator computes your exact number given OMV and registration date.
Is it better to scrap or sell my car in Singapore?
It depends on the three numbers: PARF rebate, COE rebate, and the market residual for your specific car. If your car is under 10 years, popular, and in decent condition, the market residual usually beats the combined rebate by SGD 5,000-15,000 — sell. If your car is over 10 years old or has high mileage, scrap is the cleaner exit because the PARF rebate is zero. Run Wheeley's paper-value calculator to compare.
How long does scrapping a car take in Singapore?
From your decision to deregister: 1-2 weeks to collect the car, sign paperwork, and submit the deregistration application to LTA. From deregistration submission: PARF + COE rebates land in your bank account within 4-6 weeks (sometimes faster for clean cases). Body-value cash from the scrapyard lands the same day as drop-off.
What documents do I need to scrap a car in Singapore?
Vehicle log card, Certificate of Insurance, NRIC, all keys (including spares), and if the car has outstanding finance, a settlement letter from the financier. Wheeley can handle the bank settlement for you at no charge.
Do scrapyards pay cash on the spot in Singapore?
Yes — reputable LTA-registered scrapyards pay body-value cash on the same day as drop-off, then process the PARF + COE rebates on your behalf through LTA. Some smaller operators delay; always use one with a published LTA registration.
How much will I get for scrapping my car in Singapore?
Scrap value in Singapore is calculated as PARF rebate (for cars under 10 years) plus deregistration value. As of 2026, scrap prices range from SGD 200 for end-of-life vehicles to SGD 5,000+ for cars with significant PARF remaining. Wheeley pays PARF value for scrap-or-drive decisions - we are not a scrapyard.
Should I scrap my car or sell it?
Scrap if your car is over 10 years old (no PARF), has major mechanical issues, or fails inspection. Sell if your car still runs, has PARF remaining, and has reasonable condition. Wheeley buys both - we pay PARF for scrap-eligible cars and market value for drivable ones. Get our free quote first before deciding.
How do I deregister my car in Singapore?
Three steps: (1) settle any outstanding loans with your bank, (2) submit a Notice of Disposal / deregistration to LTA via OneMotoring (free), (3) surrender the number plates at LTA within 14 days of deregistration. Wheeley handles all three for free when you sell your car to us.
How much will I get for scrapping my car in Singapore?
Scrap value in Singapore is calculated as PARF rebate (for cars under 10 years) plus deregistration value. As of 2026, scrap prices range from SGD 200 for end-of-life vehicles to SGD 5,000+ for cars with significant PARF remaining. Wheeley pays PARF value for scrap-or-drive decisions - we are not a scrapyard.
Should I scrap my car or sell it?
Scrap if your car is over 10 years old (no PARF), has major mechanical issues, or fails inspection. Sell if your car still runs, has PARF remaining, and has reasonable condition. Wheeley buys both - we pay PARF for scrap-eligible cars and market value for drivable ones. Get our free quote first before deciding.
How do I deregister my car in Singapore?
Three steps: (1) settle any outstanding loans with your bank, (2) submit a Notice of Disposal / deregistration to LTA via OneMotoring (free), (3) surrender the number plates at LTA within 14 days of deregistration. Wheeley handles all three for free when you sell your car to us.
