SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore

Forgot to add: It is in the interest of the dealer to effect the transfer immediately, so by default, pay off your loan immediately. This is because, if the car is not legally theirs, it is very cumbersome for them to sell it. When loan applications are made, the banks want to see evidence of the cu...

Dear all, any motor vehicle that is financed by a bona fide financial institution CANNOT be transfered without the loan being completely paid off. When you buy the vehicle, assuming you take a loan, the bank will "tag" the car electronically with the LTA. Only when the loan is cleared, the bank will...

OMV = Open market value = declared and agreed import value of that particular car. The same model, registered in the same month, can have a different OMV depending on when it cleared customs, and the exchange rate that day and also specific specs that were factory fitted (eg with/without cruise cont...

"Something doesn't add up here. If this car was registered in 1992, then that is when the first COE would have been bought. It would have been renewed in 2002, and then again in 2012 (this year). A COE can be renewed for only five years but then the car MUST be scrapped... and in any case, that woul...

Forgot something important: I mentioned OPC rebate of up to 17k. If the COE was 2000, and the OMV was 10,000, then the total OPC rebate when registering the car new would be only 12k. Thus, you would have not enjoyed the full 17k discount. Plenty of people got "misled" during the low COE period 2/3 ...

1st assumption: the car is under 10 years old and PARF eligible. There are types of OPCs on the market (based on assumption above). a) Registered as OPC when new b) Registered as normal car and converted to OPC at some later date. Let's explain b) first, easier. The depreciation is exactly the same ...

I think the german grocery shop near coronation plaza sells senso pads...

I'm still confused ! I have seen an MPV for sale at $59,800. COE states $13,301 - OMV $23,216 Registered Feb 2007. If I keep the car for 2 years what can I expect back ? Thanks To answer this question, let's do a bit of arithmetic as though the car were to be kept for the full COE, then scrapped. a...

No disrespect taken, Chris. Good information. Just to make it a little bit simpler... when you are looking at used cards (under 10 years old), it is easy to compare year on year costs for each car. For example, you are looking at a car with a COE that expires in Aug, 2015, which means that there ar...

If you sell the car body to an exporter/dealer, make sure they agree to submit the necessary disposal documents for you, otherwise LTA will not release the refund. Actually, if you 'sell' the car to a dealer for export he should pay you there and then the known scrap value maybe less his 10% for co...

Your Parf and COE rebates are encashable, once you've deregistered the car, and submitted the necessary disposal documents to LTA. The disposal documents are usually proof of entry of the car to a registered export zone (EPZ), Bill of Lading showing the car has left the country, or proof from the co...

I'm still confused ! I have seen an MPV for sale at $59,800. COE states $13,301 - OMV $23,216 Registered Feb 2007. If I keep the car for 2 years what can I expect back ? Thanks This car was purchased and put on the road on 2007, probably around August. You have 6 years of COE left at about $1330 pe...

OMV / COE etc are relevant but the relevance changes depending on the car and it's age. For example, for a one year old car, COE is almost totally irrelevant as the price is calibrated against what a brand new car costs today. For a 8-9 year old car, OMV / COE is completely relevant as most of those...

Hi, sorry for the late reply. I log in sporadically. For the stream, I think you should be looking at annual depreciation of no more than 5k p.a. Car prices are dropping on a daily basis so if you can wait till after chinese new year, you will probably save some money. As for PI vs Agent. Pros and c...

What do you reckon? Used Suzuki Swift 1.5A(OPC) white colour Auto 25,000km 15 Jan 2007 date of rego OMV 11,105 PARF ?? COE 9,065 Price $28,000 I am not sure but i think this car may have zero or close to zero parf which means depreciation should be more than 3k. Therefore, it sounds really expensive...