For Singaporeans who need to dispose of their old high-mileage cars, they have a duty of de-registration and the best disposal of their old car. There are numerous roads to which you can scrap your car in Singapore.
Some may opt for selling it to the junkyard, while others would lean toward exporting them as secondhand vehicles. In either case, the vehicle needs to experience the due methodology for Scrapping car in Singapore before officially being gained by the new entity (another proprietor or the dump site).
What Do You Have To Do To Scrap Your Car In Singapore?
1. Application for De-registration
As the owner, it's your duty to apply for the de-registration of the vehicle. De-registration means giving up one's ownership of the car and granting it to the appointed disposal center.
Before doing this, ensure you have cleared any car loan as well as road taxes. This must be done on time and refreshed promptly in the government systems.
After the de-enrollment procedure, the owner is clear to send such documents with the car to the junkyard.
2. Application to Encash for Parf and Coe Rebate
After you have effectively de-registered your vehicle, you should begin applying to encash for your Preferential Additional Registration Fee (PARF) and COE Rebate. These rebates will repay you for the remaining valid period for the car prior to the COE expires.
3. Valuation of The Car
The LTA-approved junkyard will play out the valuation of the car. While the body of your car gives the premise to the valuation, there are different factors that influence the last valuation. This incorporates the car’s model, supply as well as demand of the vehicle even where you scrap your vehicle.
When you've gotten remuneration for your scrap car, the junkyard possesses the privilege to the vehicle. That implies that the junkyard can dispose of the vehicle as they wish.
4. Possible Disposal Sites/Ways to Scrapping
While there are numerous ways for you to scrap your car, numerous Singaporean car owners choose to occupy with the services of an motor dealer to enable them to scrap or export their autos.
Why? Since it's far more advantageous than doing it all alone and you typically get more cash back!
With assistance from the dealer, the de-registration and ensuing transfer of your vehicle is a brisk and simple procedure. Basically visit your dealer of choice and they'll give you a quote for your car. If you acknowledge the offer, the vehicle will be off your hands as well as you'll get the money for your car right away.
Therefore, if you still need to scrap your car by yourself, here's the way you can do it.
LTA-appointed Scrapyards: These scrapyards give a valuation to the body. When acknowledged by the scrapyard, the de-registration procedure will follow.
LTA-appointed export processing zones (EPZ): Here, you just send your car to the EPZ waiting for approval and feasible exportation. When acknowledged, the car will be naturally de-registered and full compensation offered.
LTA Counter: This is for vehicles that will be sent out of Singapore. You need to present the valid and needed export documents for the reasons for de-registering the vehicle.
If you are thinking about to Scrap my car Singapore, then start your search on the internet to find the ideal scrap car dealer so that you get the best deal for your car ready to scrap.