PARF & COE Rebate Calculator
Enter your registration date and ARF to get your exact PARF rebate, COE rebate and total paper value — plus the date of your next rebate cliff. Uses the official LTA schedules, including the reduced percentages for cars registered from 13 February 2026. Both figures are printed on your log card (OneMotoring → vehicle details).
How the PARF rebate works
When you deregister a car before it turns 10, LTA returns a percentage of the ARF (Additional Registration Fee) you paid. The percentage is fixed by the car's age on the day of deregistration and drops in a step on each registration anniversary — miss an anniversary by one day and the rebate falls by 5% of your ARF. Which schedule applies depends on when the car was registered:
| Age at deregistration | Before Feb 2023 | Feb 2023 – 12 Feb 2026 | From 13 Feb 2026 |
|---|---|---|---|
| Under 5 years | 75% | 75% (cap $60k) | 30% (cap $30k) |
| 5–6 years | 70% | 70% (cap $60k) | 25% (cap $30k) |
| 6–7 years | 65% | 65% (cap $60k) | 20% (cap $30k) |
| 7–8 years | 60% | 60% (cap $60k) | 15% (cap $30k) |
| 8–9 years | 55% | 55% (cap $60k) | 10% (cap $30k) |
| 9–10 years | 50% | 50% (cap $60k) | 5% (cap $30k) |
| 10+ years | 0% | 0% | 0% |
At 10 years the PARF rebate is zero — only the COE rebate (if any) remains.
What changed in February 2026
Budget 2026 cut PARF percentages by 45 points across the board and halved the cap to $30,000 for cars registered with COEs from the second February 2026 bidding exercise onwards. If your car was registered before 13 February 2026, you keep the old schedule — a quiet premium that makes pre-2026 cars worth more at resale. Full breakdown of the 2026 PARF changes →
How the COE rebate is prorated
The COE rebate is the unused part of your COE: quota premium × remaining whole months ÷ 120. It falls every month and reaches zero at expiry. LTA counts only whole months remaining, so the rebate steps down on your registration day each month, not smoothly. See current COE prices and the 12-month trend — rising premiums lift what buyers will pay for your remaining tenure.
Paper value is your floor. Market value is what you should actually get.
Your PARF and COE rebate is what the car is worth as paper. A buyer pays for the car too — get your live market range free, or the exact number for $15.99, refunded if we're wrong.
Get my free market estimate Get the full reportFrequently Asked Questions
What is PARF value?
The PARF (Preferential Additional Registration Fee) rebate is the portion of the ARF you paid at registration that LTA returns when you deregister your car before it turns 10 years old. Together with the COE rebate, it makes up your car's "paper value" — the guaranteed minimum your car is worth regardless of market conditions.
How is the PARF rebate calculated?
PARF rebate = ARF paid × a percentage set by your car's age at deregistration. For cars registered before 13 February 2026 the percentage runs from 75% (under 5 years) down to 50% (9–10 years); cars registered from Feb 2023 are capped at $60,000. Cars registered on or after 13 February 2026 get 30% down to 5%, capped at $30,000. At 10 years and beyond the PARF rebate is zero.
What changed in February 2026?
Budget 2026 cut PARF rebate percentages by 45 percentage points across every age bracket and halved the cap to $30,000, for cars registered with COEs from the second February 2026 bidding exercise onwards (in practice, registrations from 13 February 2026). Cars registered before that date keep the old, far more generous schedule — which quietly makes them worth more.
Do I get the PARF rebate when I sell my car?
Not directly. The PARF rebate is only paid out on deregistration (scrap or export). When you sell or trade in, the buyer — usually the dealer — eventually collects it, which is why every dealer offer is anchored on your paper value. Knowing the exact figure stops them anchoring you below it.
How is the COE rebate calculated?
The COE rebate is the unused portion of your COE: the quota premium × remaining whole months ÷ 120. It reaches zero when the COE expires. Unlike PARF, the COE rebate has no age condition — a renewed-COE car still has one.