COE, PARF and OMV
The three numbers that decide what a Singapore car is worth and what you get back.
PARF car or COE car, which one actually suits you
A COE car can cost half what a PARF car does for the same model. That gap is not a bargain or a trap. It is the market pricing in something specific, and whether it suits you depends entirely on how long you plan to keep the car.
Budget 2026 cut PARF rebates by 45 points. Cars already on the road kept the old deal.
The rebate on a new registration now returns 5% of ARF at the ten year mark instead of 50%. Anything registered before 13 February 2026 is untouched, which quietly changed the maths between buying new and buying used.