OPC (off-peak-car) ~ COE Rebate S$17K

• hp28

  5 Apr 05, 10:37

  COE rebate for OPC are S$17k, what if COE fall below S$17k ?
  
  Example :-
  COE S$19k less S$17k (rebate) = S$2k
  
  COE S$10k less S$17k (rebate) = -S$7k ???
  
  So this -S$7k have to be forfeited or will deducted against the car price ?
  
  Anyone can advice ?
  
  Thanks...
  
• BlueSparkle

  5 Apr 05, 14:29

  someone correct me if i am wrong...if COE is below $17k, the rebate will eat into the PARF value. I think...
• wbucket

  5 Apr 05, 21:58

  Originally posted by BlueSparkle:

  someone correct me if i am wrong...if COE is below $17k, the rebate will eat into the PARF value. I think...

  The remaining rebate will be used to off set the ARF, not PARF. If still in excess, then not very sure. Maybe forfeit.
• Ritz79

  5 Apr 05, 22:30

  hhmm... i think just minus $17k from yr car price. Than every yr got rebate of $800 from yr road tax, insurance will be a little cheaper..not that much, so dun expect e insurance to drop like hell...
• hp28

  6 Apr 05, 14:12

  I think this nver happen b4.....
  
  Maybe this round COE bidding ?
  
  
• Dijon

  7 Apr 05, 10:33

  The $17k is offset against the PARF and NOT the COE.
  
  COE rebate means that if the COE falls below that price, the dealer will refund you the difference.
  
  E.g.
  
  Normal car price = $77k
  OP car price = $60k
  
  COE rebate = $18k
  
  Therefore if actual COE paid is $16k, the dealer will refund you $2k.
• wbucket

  7 Apr 05, 12:10

  Originally posted by Dijon:

  The $17k is offset against the PARF and NOT the COE.
  
  COE rebate means that if the COE falls below that price, the dealer will refund you the difference.
  
  E.g.
  
  Normal car price = $77k
  OP car price = $60k
  
  COE rebate = $18k
  
  Therefore if actual COE paid is $16k, the dealer will refund you $2k.

  From LTA web:
  "An upfront rebate of $17,000 to be offset against the following items:
  
  (a) COE Quota Premium
  (b) Additional Registration Fee (ARF)
  
  The rebate is first offset against the COE premium payable. Any excess is then offset against the ARF payable."
  
  Since COE is a scheme to minimise the car on the road, so naturally off-peak cars should pay a lesser COE. Logical right?
  
  The COE rebate you are talking about is the agreement between the sale and customer. LTA have no involvement in that. Different car dealers give different COE rebates. I used to heard Toyota's gave 20k a few months ago, I wonder if it is real a not.